Gentherm Third Quarter 2024 Earnings: EPS Misses Expectations

Gentherm (NASDAQ:THRM) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$371.5m (up 1.5% from 3Q 2023).
• Net income: US$16.0m (flat on 3Q 2023).
• Profit margin: 4.3% (in line with 3Q 2023).
• EPS: US$0.51 (up from US$0.48 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Gentherm EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 21%.

Looking ahead, revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Auto Components industry in the US.

Performance of the American Auto Components industry.

The company's shares are up 3.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Gentherm's balance sheet.

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