Gentherm (THRM) Tops Q3 EPS by 16c

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Go back to Gentherm (THRM) Tops Q3 EPS by 16c

Gentherm Reports 2019 Third Quarter Results

October 29, 2019 6:00 AM EDT

Achieved Highest Gross Margin Rate in Nine QuartersReduced Operating Expenses by over 9% Full-Year Profitability Guidance Maintained Despite Continued Challenging Automotive Environment

NORTHVILLE, Mich., Oct. 29, 2019 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader of innovative thermal management technologies, today announced its financial results for the third quarter ended September 30, 2019.

Third Quarter Highlights

Product revenues of $240.1 million decreased 8.2% from $261.5 million in the 2018 third quarterExcluding the impact of foreign currency translation, divested assets and assets held for sale, product revenues... More