Gentherm(US:THRM)2025-04-24 14:57Financial Performance - First quarter revenue was $354 million, a 1% increase excluding foreign exchange impacts[29] - Adjusted EBITDA was $39.3 million with a margin of 11.1%, compared to $43.5 million and 12.2% in the first quarter of the previous year[29,40] - The company maintains a strong balance sheet with liquidity of approximately $400 million and net leverage around 0.5x[21,29] Automotive Sector - The company secured $400 million in new automotive business awards, driven by conquest awards from Volvo and a Japanese OEM[20,24] - Automotive climate and comfort solutions experienced growth exceeding the market by over 300 basis points[20] - There were 17 new program launches across 11 OEMs, including Lincoln Navigator, Audi Q5, and BYD Xia[20,24,25] Medical Sector - The medical sector sustained momentum with a 6% growth excluding foreign exchange impacts[30] - The company is leveraging core technology platforms to expand the medical addressable market, with two completed proof-of-concept projects[12,13] Guidance and Outlook - Revenue guidance for 2025 remains unchanged at $1.4 billion to $1.5 billion, while the Adjusted EBITDA margin range has been revised to 11.5% - 13%[32] - The company anticipates a 2% decline in total relevant markets, with a 7% decrease in North America, based on S&P Global Mobility's Light Vehicle Production Forecast[6,32]