Gentherm Reports Q1 Revenue of $393.7M, Exceeds Expectations
Reports Q1 revenue $393.7M, consensus $362.23M. "Our team executed well in Q1. We started seeing the tangible results from our efforts to establish a more robust operating system which drove improved performance on stronger volumes. We also continued progressing our organic growth initiatives in both home and office, and medical markets," said Bill Presley, CEO. "This quarter also marked a strategic inflection point for Gentherm. Our announced combination with Modine Performance Technologies creates a stronger enterprise, with an expanded product portfolio, broader end market exposure, and clear value creation opportunities. While we navigate any potential near-team volatility, we are strategically repositioning the company, and I remain confident we have the right plan established to drive improved performance over the long-term."
