Gentherm ( (THRM) ) has issued an announcement.
Gentherm announced its financial results for the fourth quarter and full year of 2024, reporting a 61% year-over-year increase in net income and a record annual adjusted EBITDA of $183 million. The company secured automotive new business awards worth $2.4 billion and provided its 2025 financial guidance, anticipating product revenues between $1.4 billion and $1.5 billion. Despite a slight decrease in product revenues for both the quarter and the full year compared to 2023, Gentherm maintained a strong foundation with unique capabilities and sustainable competitive advantages, as mentioned by the company’s President and CEO, Bill Presley. The report also highlighted a decrease in automotive revenue due to foreign currency translation effects and strategic business adjustments.
More about Gentherm
Gentherm (NASDAQ:THRM) is a global market leader specializing in innovative thermal management and pneumatic comfort technologies.
YTD Price Performance: -9.89%
Average Trading Volume: 210,874
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.1B
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