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 statements. The forward-looking statements included in this presentation are made as of t ...

Financial Data and Key Metrics Changes - First quarter revenues decreased by 0.6% year-over-year but grew approximately 1% when adjusted for foreign exchange [28] - Adjusted EBITDA for the quarter was $39.3 million, representing 11.1% of sales, down from 12.2% in the same quarter last year [28] - Adjusted diluted earnings per share decreased to $0.51 from $0.62 year-over-year [29] Business Line Data and Key Metrics Changes - Automotive Climate and Comfort Solutions revenue increased by 3.8% year-over-year or 5.3% when excluding foreign exchange effects, driven by strong growth in lumbar and massage comfort solutions [28] - Medical segment revenues increased by 6% year-over-year when adjusted for foreign exchange, primarily due to growth in Europe [28] Market Data and Key Metrics Changes - The outlook for 2025 annual volumes has declined by 2% compared to previous reports, with a notable 10% decline expected in North America, which constitutes about 40% of the company's business [9][33] - The company is closely monitoring dealer inventory levels and customer demand schedules to adapt to market changes [9] Company Strategy and Development Direction - The company is focused on expanding revenue while increasing margins and cash flow, with a strategic emphasis on scaling four core technology platforms: thermal management, air moving devices, pneumatic solutions, and valve systems [12][36] - The company is actively pursuing opportunities in adjacent markets, particularly in the medical sector, leveraging existing technologies without significant incremental investments [15][16] Management's Comments on Operating Environment and Future Outlook - Management acknowledged increased economic uncertainty due to tariffs but expressed confidence in the company's ability to mitigate impacts and maintain a strong balance sheet [6][10] - The company is committed to driving profitable growth and operational excellence, with plans to optimize production across regions [18][20] Other Important Information - The company received $400 million in new automotive business awards during the quarter, including significant wins with Japanese OEMs and Volvo [24][25] - The company was recognized as General Motors Supplier of the Year for the third time, highlighting strong relationships and innovative technology [27] Q&A Session Summary Question: How much pass-through revenue is incorporated in the guidance? - Management indicated that the impact of tariffs is relatively limited, with only a small portion of the overall business affected, primarily in Mexico and North America [42] Question: Why is the approach to adjacent markets different this time? - Management clarified that the focus is on scaling existing technologies into adjacent markets rather than developing new products, emphasizing the use of current capital equipment [45] Question: What are the booking dynamics in Q1? - Management stated that the first quarter's new program awards were in line with expectations, despite appearing lower than previous quarters [50] Question: How is the company maintaining its sales guidance despite weaker industry forecasts? - Management explained that while North American volumes are under pressure, favorable foreign exchange impacts and tariff pass-throughs are helping to maintain guidance [51]

Company Performance - Gentherm reported quarterly earnings of $0.51 per share, exceeding the Zacks Consensus Estimate of $0.48 per share, but down from $0.62 per share a year ago, indicating a 17.74% year-over-year decline [1] - The company posted revenues of $353.85 million for the quarter, surpassing the Zacks Consensus Estimate by 0.93%, but down from $356.02 million year-over-year [2] - Over the last four quarters, Gentherm has surpassed consensus EPS estimates three times, but has only topped revenue estimates once [2] Stock Performance - Gentherm shares have declined approximately 37.8% since the beginning of the year, compared to a decline of 8.6% for the S&P 500 [3] - The current consensus EPS estimate for the upcoming quarter is $0.62 on revenues of $376.1 million, and for the current fiscal year, it is $2.50 on revenues of $1.46 billion [7] Industry Outlook - The Automotive - Original Equipment industry, to which Gentherm belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting a challenging environment [8] - The performance of Gentherm's stock may be influenced by the overall outlook for the industry, as research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Delivered Revenue of $354 million, up +1% ex-FX, led by Strong Lumbar and Massage Comfort Solutions Growth Secured $400 million of Automotive New Business Awards including Key Conquest Wins Commenced Shipment of Customer Approved Production Components from New Morocco Facility 2025 Full Year Revenue Guidance Remains Unchanged, Adjusted EBITDA Margin Range Expanded NOVI, Mich., April 24, 2025 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management and pneumatic com ...

Core Viewpoint - Gentherm, a leader in thermal management and comfort technologies, is set to report its Q1 2025 financial results on April 24, 2025, followed by a conference call at 8 am ET to discuss these results [1]. Financial Results Announcement - The financial results for the first quarter of 2025 will be reported on April 24, 2025 [1]. - A conference call to discuss the results will take place at 8 am ET on the same day [1]. Conference Call Details - Toll-free dial-in number for the conference call is 1-877-407-4018, and the international dial-in number is 1-201-689-8471 [2]. - The conference ID number for the call is 13753379 [2]. - A live webcast and a one-year archived replay of the call will be available on Gentherm's Investor Relations website [2]. Telephonic Replay Information - A telephonic replay will be available approximately two hours after the call by dialing 1-844-512-2921 for domestic callers and 1-412-317-6671 for international callers [3]. - The passcode for both the live call and the replay is 13753379 [3]. - The replay will be accessible until 11:59 p.m. ET on May 8, 2025 [3]. Company Overview - Gentherm is a global market leader in thermal management and pneumatic comfort technologies, with a diverse range of automotive and medical products [4]. - Automotive products include Climate Control Seats, heated interior systems, battery performance solutions, and various electronic devices [4]. - The company employs over 14,000 individuals across multiple countries, including the United States, Germany, China, and others [4].

NOVI, Mich., April 08, 2025 (GLOBE NEWSWIRE) -- Today, General Motors presented Gentherm with a 2024 Supplier of the Year Award at GM's 33rd annual Supplier of the Year event in Phoenix, Arizona. This is the third time Gentherm has received the award. "We are incredibly honored to be recognized as a General Motors Supplier of the Year," said Jaymi Wilson, Senior Vice President and General Manager, North America Automotive and Global Sales and Marketing at Gentherm. "This award reflects the long-standing rel ...

NOVI, Mich., March 25, 2025 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, today published its 2024 Sustainability Report. The report highlights Gentherm's key areas of focus: People, Planet and Products, and provides updates on previously established environmental performance metrics. "Gentherm's success is built on innovation, dedication and the pursuit of excellence. Over the past year, we made significant progress i ...

NOVI, Mich., March 25, 2025 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, today published its 2024 Sustainability Report. The report highlights Gentherm’s key areas of focus: People, Planet and Products, and provides updates on previously established environmental performance metrics. “Gentherm’s success is built on innovation, dedication and the pursuit of excellence. Over the past year, we made significant progress i ...

NOVI, Mich., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, today announced that the Compensation and Talent Committee (the "Committee") of the Board of Directors has granted inducement equity awards to newly appointed William Presley, President and Chief Executive Officer, and Jonathan Douyard, Executive Vice President, Chief Financial Officer and Treasurer, each effective February 24, 2025. The awards we ...

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]