UPDATE: Gentherm (THRM) Tops Q4 EPS by 45c, Revenues Beat; Offers FY21 Revenues Guidance Above Consensus

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Go back to UPDATE: Gentherm (THRM) Tops Q4 EPS by 45c, Revenues Beat; Offers FY21 Revenues Guidance Above Consensus

Gentherm Reports 2020 Fourth Quarter and Full Year Results

March 1, 2021 6:00 AM EST

Record Quarterly Revenue, Gross Margin, Operating Income and Adjusted EBITDA

Increased Operating Income nearly 6% in 2020 Despite Challenging EnvironmentAdditional 2021 Guidance Established

NORTHVILLE, Mich., March 01, 2021 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), a global market leader and developer of innovative thermal management technologies, today announced its financial results for the fourth quarter and full year ended December 31, 2020.

Fourth Quarter Highlights

Product revenues of $288.9 million increased 25.4% from $230.4 million in the 2019 fourth quarter. Excluding the impact of foreign currency translation,... More