Gentherm: Q4 Earnings Snapshot
By AP News
Published - Feb 21, 2024, 06:18 AM ET
Last Updated - Feb 21, 2024, 06:18 AM EST
NORTHVILLE, Mich. (AP) — NORTHVILLE, Mich. (AP) — Gentherm Inc. (THRM) on Wednesday reported fourth-quarter profit of $18.1 million.
The Northville, Michigan-based company said it had net income of 56 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 90 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The maker of climate-controlled seats and other products posted revenue of $366.9 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $359.8 million.
