Financial Performance - Second quarter product revenues reached $375.09 million [20], a slight decrease compared to $375.68 million in the same period of the previous year [20] - Adjusted EBITDA for the second quarter was $45.9 million, representing a 12.2% margin [11], compared to $49.9 million and a 13.3% margin in the second quarter of the previous year [11] - The company repurchased $10 million of its shares [5, 11] - Liquidity stands at $416 million [11] Automotive Sector - Automotive new business awards totaled $620 million [5, 9], including a full comfort solutions portfolio on Ford F-Series [5] - Automotive Climate and Comfort Solutions experienced growth exceeding the market by 10 basis points, with strong performance in North America and Europe (+8%), offset by a decline in Asia (-12%) [5] Strategic Initiatives and Outlook - The company is progressing with strategic footprint realignment [8] - Full year revenue guidance is narrowed to $1.43 billion - $1.5 billion [13] - Adjusted EBITDA margin guidance for the full year is revised to 11.7% - 12.5% [13] - Capital expenditures are now projected to be $55 million - $65 million [13]
Gentherm(THRM) - 2025 Q2 - Earnings Call Presentation