Gentherm Q3 adjusted EPS and EBITDA miss estimates on margin pressure

Gentherm Incorporated

Today 11:09

Overview
U.S. thermal tech maker's Q3 product revenue rose 4.4% yr/yr (ex-FX)
Adjusted EPS and adjusted EBITDA for Q3 missed analyst expectations
Company completed Modine Performance Technologies acquisition and repurchased $60 mln of stock in October

Outlook
Gentherm raises 2026 product revenue guidance to $1.825 bln-$1.925 bln
Company now expects 2026 adjusted EBITDA of $210 mln-$230 mln
Gentherm sees 2026 adjusted free cash flow of $100 mln-$120 mln

Result Drivers
AUTOMOTIVE OUTPERFORMANCE - Co said Automotive Climate and Comfort Solutions revenue grew 8.8% yr/yr, outperforming relevant market vehicle production
MARGIN PRESSURE - Co attributed lower gross margin to FX, higher material costs and inflation, partially offset by operating leverage
NEW PRODUCT LAUNCHES - Co launched ThermAffyx Patient Safety System and Puls.A, expanding technology portfolio

Company press release: ID:nGNXbQ9qv0

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Product Revenue
 
$405.10 mln
 
Q3 Adjusted EPS
Miss
$0.33
$0.64 (5 Analysts)
Q3 Net Loss
 
$2.59 mln
 
Q3 Adjusted EBITDA
Miss
$45.004 mln
$46.57 mln (6 Analysts)
Q3 Operating Income
 
$14.36 mln
 
Q3 Pretax Profit
 
$10.84 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)