Apr. 24 at 11:45 AM
$THRM
Gentherm reported Q1 2025 financial results with revenue of
$354 million, representing a 0.9% increase excluding foreign currency effects. The company secured
$400 million in automotive new business awards, including first-time contracts with Japanese OEM for lumbar and massage solutions and a Volvo conquest award.
Key financial metrics include a gross margin decrease to 24.4% from 24.9%, net loss of $(0.1) million compared to
$14.9 million profit last year, and Adjusted EBITDA of
$39.3 million (11.1% of revenue). The company maintained its 2025 revenue guidance of
$1.4-1.5 billion while adjusting EBITDA margin range to 11.5-13%.
Automotive Climate and Comfort Solutions revenue grew 3.8% year-over-year, outperforming relevant market light vehicle production by over 300 basis points. The company maintains strong liquidity of ~
$400 million with net leverage at ~0.5x.
