Gentherm (THRM) Tops Q1 EPS by 5c, Revenues Miss
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Gentherm Reports 2020 First Quarter Results
May 7, 2020 6:00 AM EDTSignificantly Improved Net Cash from Operating ActivitiesStrong Total Liquidity of $450 Million at Quarter EndMaintained Gross Margin Rate at Similar Levels Despite Market Challenges
NORTHVILLE, Mich., May 07, 2020 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader and developer of innovative thermal management technologies, today announced its financial results for the first quarter ending March 31, 2020.
First Quarter Highlights
Product revenues of $228.6 million decreased 11.4% from $257.9 million in the 2019 first quarter. Excluding the impact of foreign currency translation, product revenues decreased 10.1% year over year; excluding... More