Group 1 - Gentherm Incorporated experienced a negative impact on February 19th, affecting its shareholders [1] - The company is recognized as a global developer and marketer of thermal management technologies and other products [1] Group 2 - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow and growth prospects [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ Annual report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2024 or ☐ Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to . Commission file number 0-21810 GENTHERM INCORPORATED (Exact name of registrant as specified in its charter) Michigan 95-4318554 (State or other jurisdiction o ...

Gentherm Incorporated (NASDAQ:THRM) Q4 2024 Earnings Conference Call February 19, 2025 8:00 AM ET Company Participants Gregory Blanchette - Senior Director of Investor Relations Bill Presley - President and Chief Executive Officer Jonathan Douyard - Executive Vice President and Chief Financial Officer Conference Call Participants Matthew Koranda - ROTH Capital Partners LLC Luke Junk - Robert W. Baird & Co. Ryan Brinkman - JPMorgan Chase & Co. Matthew Raab - Craig-Hallum Capital Group Operator Greetings, and ...

2024 Fourth Quarter Results F e b r u a r y 1 9 , 2 0 2 5 Proprietary © Gentherm Forward-Looking Statements Except for historical information contained herein, statements in this presentation are forward-looking statements that are made by Gentherm Incorporated (the "Company") pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements that address future operating, financial or business performance or strategies or expectations are forward- looking stateme ...

分组1 - Gentherm reported quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.68 per share, and down from $0.90 per share a year ago, representing an earnings surprise of -57.35% [1] - The company posted revenues of $352.91 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.02%, and down from $366.93 million year-over-year [2] - Gentherm shares have lost about 11.2% since the beginning of the year, while the S&P 500 has gained 4% [3] 分组2 - The current consensus EPS estimate for the coming quarter is $0.68 on revenues of $371.97 million, and for the current fiscal year, it is $3.10 on revenues of $1.55 billion [7] - The Zacks Industry Rank for Automotive - Original Equipment is currently in the bottom 42% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]

Financial Performance - Achieved 61% year-over-year net income growth with record annual adjusted EBITDA of $183 million[2] - GAAP diluted earnings per share for Q4 2024 was $0.49, down from $0.56 in the prior year, while adjusted diluted earnings per share fell to $0.29 from $0.90[12] - Net income for Q4 2024 was $15.3 million, compared to $18.1 million in Q4 2023, with basic earnings per share decreasing from $0.57 to $0.50[37] - Net income for the year ended December 31, 2024, was $64,947,000, an increase from $40,343,000 in 2023, representing a growth of 61%[44] - The diluted earnings per share for the year ended December 31, 2024, was $2.06, up from $1.22 in 2023, an increase of 69%[44] - Adjusted net income for the three months ended December 31, 2024, was $9,094,000, down from $28,891,000 in the same period of 2023, a decrease of 68%[44] Revenue Trends - Fourth quarter product revenues decreased by $14 million, or 3.8%, year-over-year, with automotive revenues down 4.3%[6][7] - Full year 2024 product revenues totaled $1,456.1 million, a decrease of 0.9% compared to 2023[13] - Automotive segment revenue for 2024 was $1,406.3 million, a 1.2% decrease year-over-year, with adjustments for foreign currency translation showing a 0.7% decline[14] - Medical segment revenue increased by 8.1% year-over-year, reaching $49.8 million for full year 2024[16] - Product revenues for Q4 2024 were $352.9 million, a decrease of 3.8% compared to $366.9 million in Q4 2023[37] - The Automotive segment's total revenue decreased by 4.3% year-over-year, from $353.9 million in Q4 2023 to $338.8 million in Q4 2024[40] - Automotive revenues for Q4 2024 were $338.834 million, a decrease of 1.8% compared to $353.945 million in Q4 2023[49] - Adjusted Automotive revenues, excluding foreign currency translation impact, were $338.013 million in Q4 2024, compared to $344.339 million in Q4 2023, reflecting a year-over-year change of 0.8%[49] - Adjusted Automotive Climate and Comfort Solutions revenues for Q4 2024 were $285.448 million, slightly down from $286.262 million in Q4 2023, with a year-over-year increase of 1.7%[49] Expenses and Costs - Research and development expenses for the year ended December 31, 2024, were $88.7 million, down from $94.4 million in 2023[37] - Total operating expenses for Q4 2024 were $62.463 million, down from $64.593 million in Q4 2023[49] - Adjusted operating expenses for Q4 2024 were $55.961 million, compared to $58.385 million in Q4 2023[49] - The company incurred restructuring expenses of $13,110,000 for the year ended December 31, 2024, compared to $4,739,000 in 2023, an increase of 176%[44] - The company reported a restructuring expense of $768 thousand in Q4 2024, compared to $1.327 million in Q4 2023[49] - Non-cash stock-based compensation decreased to $192 thousand in Q4 2024 from $3.164 million in Q4 2023[49] Cash Flow and Assets - The company reported a net cash provided by operating activities of $109,646,000 for the year ended December 31, 2024, compared to $119,265,000 in 2023, a decrease of 8%[47] - Cash and cash equivalents decreased to $134,134,000 in 2024 from $149,673,000 in 2023, a decline of 10%[47] - Total assets as of December 31, 2024, were $1,247,556,000, compared to $1,234,371,000 in 2023, reflecting a slight increase of 1%[46] - Total liabilities increased to $630,609,000 in 2024 from $589,649,000 in 2023, an increase of 7%[46] Guidance and Future Outlook - Guidance for 2025 includes product revenues between $1.4 billion and $1.5 billion, with adjusted EBITDA projected to be 12% to 13% of product revenues[24] - The company expects variability in future earnings due to potential adjustments related to taxes and non-recurring items, impacting GAAP financial results[35] Tax and Leverage - The effective tax rate for 2024 was 36.5%, influenced by one-time tax settlements and geographic earnings mix[21] - The company maintained a net leverage ratio of approximately 0.5x while repurchasing $50.2 million of common stock[7] Foreign Currency Impact - The company reported a foreign currency translation impact of $(1.995) million for Q4 2024, contributing to the overall revenue decline[40] - The company reported a foreign currency effect of $(19,949,000) on cash and cash equivalents for the year ended December 31, 2024[47] - The company experienced a foreign currency translation impact of $(1.934) million on adjusted Automotive revenues in Q4 2024[49]

Achieved 61% Year Over Year Net Income Growth; Record Annual Adjusted EBITDA of $183MSecured Annual Automotive New Business Awards of $2.4 BillionEstablishes 2025 Guidance NOVI, Mich., Feb. 19, 2025 (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, 2024. Bill Presley, the Company's President and CEO, said, “In 2024, the Company le ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Gentherm (THRM) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 19. On ...

Core Insights - Gentherm, a leader in thermal management and pneumatic comfort technologies for the automotive industry, will report its financial results for Q4 and year-end 2024 on February 19, 2025 [1] - The company is also recognized for its medical patient temperature management systems [1] Financial Reporting - The financial results will be discussed in a conference call scheduled for 8 am (ET) on the same day [1] - A live webcast and a one-year archived replay of the call will be available on Gentherm's Investor Relations website [2] Contact Information - Investor contact is Gregory Blanchette, reachable at investors@gentherm.com or 248.308.1702 [4] - Media contact is Melissa Fischer, reachable at media@gentherm.com or 248.289.9702 [4] Company Overview - Gentherm specializes in automotive products such as Climate Control Seats, heated interior systems, battery performance solutions, and various electronic devices [4] - The company also develops medical products, including patient temperature management systems [4] - Gentherm employs over 14,000 individuals across multiple countries, including the United States, Germany, China, and others [4]

NORTHVILLE, Mich., Nov. 21, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced that Jonathan (“Jon”) Douyard will join the Company’s leadership team as Executive Vice President, Chief Financial Officer and Treasurer, effective January 1, 2025. Douyard will lead all of Gentherm’s finance, treasury, investor relat ...