Gentherm Inc ( (THRM) ) has released its Q1 earnings. Here is a breakdown of the information Gentherm Inc presented to its investors.
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Gentherm Inc., a leader in thermal management and pneumatic comfort technologies, operates in the automotive and medical sectors, providing products like Climate Control Seats and patient temperature management systems. In its first-quarter earnings report for 2025, Gentherm reported a revenue of $354 million, marking a slight increase when adjusted for foreign exchange impacts. The company secured $400 million in new automotive business awards and began shipments from its new facility in Morocco. Despite a challenging economic environment, the company maintained its full-year revenue guidance while adjusting its EBITDA margin expectations.
Key financial highlights include a slight decrease in product revenues by 0.6% compared to the previous year, with automotive and medical segments showing growth when excluding currency impacts. The automotive climate and comfort solutions segment grew by 3.8%, outperforming the market. However, the company reported a net loss of $0.1 million, a significant drop from the previous year’s profit, primarily due to foreign currency losses and a loss on the sale of its former headquarters. Adjusted EBITDA also saw a decline, attributed to decreased gross margins and foreign exchange impacts.
Gentherm’s strategic focus remains on scaling technology, optimizing operations, and driving efficiencies. The company maintains a strong liquidity position with approximately $400 million available. Looking forward, Gentherm’s management is confident in its ability to navigate current challenges and continue delivering shareholder value through its unique capabilities and growth strategies.
The company’s outlook for 2025 remains steady, with projected revenues between $1.4 billion and $1.5 billion and an adjusted EBITDA margin of 11.5% to 13%. Despite industry-wide demand reductions, Gentherm is poised to leverage its innovative product offerings and strategic initiatives to sustain growth and market leadership.