Stock Track | Gentherm Soars 10.63% Pre-Market on Strong Q3 Results and Raised Guidance

Stock Track10-23

Gentherm (NASDAQ: THRM), a global market leader in thermal management technologies, saw its stock price surge 10.63% in pre-market trading on Thursday following the release of its impressive third-quarter results and an upward revision of its full-year guidance.

The company reported Q3 product revenue of $387 million, surpassing analyst expectations of $374.749 million. This represents a 4.13% increase compared to the same period last year. Adjusted earnings per share came in at $0.73, beating the consensus estimate of $0.65 and demonstrating the company's strong operational performance despite ongoing challenges in the automotive industry.

Investors were particularly encouraged by Gentherm's decision to raise its full-year 2025 revenue guidance. The company now expects product revenues in the range of $1.47 billion to $1.49 billion, up from its previous forecast. This optimistic outlook is supported by robust commercial momentum, with the company securing $745 million in new automotive business awards during the quarter.

Gentherm's President and CEO, Bill Presley, highlighted improved growth over market in the quarter, attributing it to several new program launches and increased take rates in the China market. The company's focus on operational excellence initiatives also contributed to strong cash generation in the quarter, further bolstering investor confidence in Gentherm's financial health and future prospects.

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