Gentherm reports Q1 adjusted EPS 51c, consensus 47c

Reports Q1 revenue $353.9M, consensus $345.3M. “I am pleased with the Gentherm (THRM) team’s engagement and commitment to driving improved performance throughout the business. Despite the challenging environment, we delivered a first quarter that was in line with our expectations. We made notable progress on positioning the company for future growth by reinvigorating our product lifecycle management, evaluating new market opportunities, and standardizing key processes throughout the company,” said Bill Presley, the Company’s President and CEO. “For the year, we have assessed the latest light vehicle production forecasts and the impact of tariffs in effect today. We are maintaining our revenue guidance while slightly adjusting our margin guidance to reflect these expected impacts.”