From GlobeNewswire: 2025-04-24 06:00:00

Gentherm announced Q1 2025 revenue of $354 million, up +1% ex-FX, driven by growth in lumbar and massage comfort solutions. They secured $400 million in automotive new business awards and began shipping from their new Morocco facility. Revenue guidance for 2025 remains unchanged, with an expanded EBITDA margin range.

Gentherm’s Q1 highlights include securing $400 million in new automotive business awards, with product revenues of $353.9 million, a 0.6% decrease. Automotive revenue increased 3.8% year over year, outperforming the market. Adjusted EBITDA was $39.3 million, with a margin of 11.1%. Net income decreased to $(0.1) million.

Despite challenges, Gentherm’s President and CEO, Bill Presley, is pleased with Q1 results. They are maintaining revenue guidance for 2025 but adjusting margin guidance. Presley remains confident in the company’s ability to drive efficiencies and shareholder value. The company’s priorities include scaling technology and optimizing operations for growth.

Guidance for 2025 includes product revenues between $1.4 billion and $1.5 billion, adjusted EBITDA between 11.5% and 13% of product revenues, and a full-year effective tax rate between 26% and 29%. The guidance assumes tariffs currently in effect, limited impact from demand changes, and an industry demand reduction based on S&P Global’s forecasts.

Gentherm provides various non-GAAP financial measures in their release, including Adjusted EBITDA and Adjusted EPS. They use these measures to assess performance and provide investors with additional information for analyzing trends. The company’s reconciliations for non-GAAP measures are included in the release and on their website for transparency.



Read more at GlobeNewswire:: Gentherm Reports 2025 First Quarter Results