Overview

* Gentherm ( THRM ) Q3 revenue rises 4.1% to $387 mln, adjusted EBITDA beats estimates

* Company secured $745 mln in automotive new business awards in Q3

* Gentherm ( THRM ) raises 2025 full-year revenue guidance midpoint

Outlook

* Gentherm ( THRM ) raises full-year 2025 revenue guidance to $1.47 bln-$1.49 bln

* Adjusted EBITDA margin guidance revised to 11.9%-12.3% for 2025

* Capital expenditures guidance lowered to $45 mln-$55 mln for 2025

Result Drivers

* NEW BUSINESS AWARDS - Secured $745 mln in automotive new business awards, including a contract with Mercedes-Benz for lumbar and massage solutions

* CHINA MARKET - Increased take rates in China and new program launches contributed to revenue growth

* GROSS MARGIN DECLINE - Decrease in gross margin driven by higher material costs and prior year adjustments

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $387 mln

Product

Revenue

Q3 EPS $0.49

Q3 Beat $49 mln $45.50

Adjusted mln (4

EBITDA Analysts

)

Q3 Gross 24.60%

Margin

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"

* Wall Street's median 12-month price target for Gentherm Inc ( THRM ) is $43.00, about 18.4% above its October 21 closing price of $35.09

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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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.)