Gentherm posts Q2 profit slightly below estimates
Overview
Gentherm Q2 revenue was $375 mln, a 0.2% decrease year-over-year
Adjusted EPS of $0.54 missed analyst expectations, per LSEG data
Thermal tech company secured $620 mln in new automotive business awards in Q2
Outlook
Gentherm narrows 2025 revenue guidance to $1.43 bln - $1.5 bln
Company expects 2025 adjusted EBITDA margin rate of 11.7% - 12.5%
Gentherm forecasts 2025 capital expenditures of $55 mln - $65 mln
Company anticipates flat to slightly decreasing light vehicle production in 2025
Result Drivers
NEW BUSINESS AWARDS - Secured $620 mln in automotive new business awards, including Ford's next-gen F-Series truck platform
AUTOMOTIVE SEGMENT - Automotive Climate and Comfort Solutions revenue rose 3.8% y-o-y, driven by North America and Europe performance
COST PRESSURES - Gross margin fell due to higher material costs and unfavorable product mix
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Product Revenue | $375 mln | ||
Q2 Adjusted EPS | Miss | $0.54 | $0.58 (5 Analysts) |
Q2 EPS | $0.02 | ||
Q2 Adjusted EBITDA | Beat | $45.90 mln | $42.90 mln (5 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for Gentherm Inc is $36.50, about 12.3% above its July 23 closing price of $32.00
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 10 three months ago
Press Release:
