Gentherm (THRM) Misses Q4 EPS by 17c; Offers FY23 Guidance
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Gentherm Reports 2022 Fourth Quarter and Full Year Results; Provides Strategic Update with 2026 Outlook
February 22, 2023 6:00 AM ESTRecord Annual Revenue of $1.2 BillionSecures Record Annual New Automotive Business Awards of $1.8 BillionEstablishes 2023 Guidance
NORTHVILLE, Mich., Feb. 22, 2023 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, today announced its financial results for the fourth quarter and full year ended December 31, 2022.
Fourth Quarter 2022 Highlights
Product revenues of $343.3 million increased 38.3% from $248.2 million in the 2021 fourth quarter. Excluding the impact of foreign currency translation and contributions from acquisitions, product revenues increased 20.9% year over yearAutomotive revenues increased 40.0%... More