Gentherm Reports Strong 2024 Financial Results and Guidance

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

For an in-depth examination of THRM stock, go to TipRanks’ Stock Analysis page.