Gentherm (THRM) Tops Q2 EPS by 18c, Revenues Beat

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Go back to Gentherm (THRM) Tops Q2 EPS by 18c, Revenues Beat

Gentherm Reports 2020 Second Quarter Results

August 4, 2020 6:00 AM EDT

Reduced Operating Expenses by 30% from the Prior-year PeriodStrong Cash Flow Generation in the First Half of 2020 Despite Unprecedented Market Challenges Total Liquidity of $369 Million at Quarter End

NORTHVILLE, Mich., Aug. 04, 2020 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader of innovative thermal management technologies, today announced its financial results for the second quarter ended June 30, 2020.

Second Quarter Highlights

Product revenues of $136.1 million decreased 44.1% from $243.3 million in the 2019 second quarterExcluding the impact of foreign currency translation and divested assets,... More