Gentherm Reports Record Q2 Revenue of $416M with Strong Growth in Automotive Climate Solutions
Gentherm (THRM) reported record second-quarter revenue of $416 million, reflecting an 11% year-over-year increase. The growth was driven by higher automotive volumes and strong performance across its product lines, including a notable 38% rise in lumbar and massage comfort solutions. Organic revenue grew at 9.5%, excluding foreign currency effects. The company secured $690 million in new business awards during the quarter, bringing year-to-date total to over $1 billion. Gentherm also acquired Innovative Medical Equipment for $34 million, which is projected to generate $17 million in revenue this year and operate at a 20% EBITDA margin. Gentherm raised its full-year guidance with expected revenue of $1.6 billion and adjusted EBITDA between $185 million and $200 million. The company also announced an expanded share repurchase program worth up to $400 million over three years.
Tickers: $THRM
Topics: acquisition_announcement automotive_sectors ebitda_performance revenue_growth