NASDAQ$THRM
Gentherm Incorporated · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Gentherm's Q4 2022 earnings were reported, showing increased product revenues and new automotive business awards, but a GAAP diluted loss per share.
Gentherm reported a 38.3% increase in product revenues to $343.3 million for Q4 2022. However, the company experienced a GAAP diluted loss per share of $(0.13), while adjusted diluted earnings per share was $0.47. The company secured approximately $560 million in new automotive business awards.
- Product revenues increased by 38.3% to $343.3 million compared to Q4 2021.
- Automotive revenues increased by 40.0% year over year.
- GAAP diluted loss per share was $(0.13) compared to earnings per share of $0.60 in the prior-year period.
- Adjusted diluted earnings per share was $0.47, compared to $0.61 in the prior-year period.
Headline financials
Revenue & EPS history
Gentherm · Revenue · Quarterly
$343M
Revenue by segment
Gentherm · $479M total across 5 segments · Q3 2022
- Automotive segment$323M—67.3%
- Climate Control Seats$112M—23.4%
- Lumbar and Massage Comfort Solutions$22.7M—4.7%
- Other Automotive$11.4M—2.4%
- Medical segment$10.4M—2.2%
Forward guidance
The Company is providing the following guidance for full-year 2023:
Tailwinds
- Product revenues between $1.45 billion and $1.55 billion, based on the current forecast of customer orders, inflation and pricing recovery
- light vehicle production in the Company’s key markets growing at a low single-digit rate in 2023 versus 2022 and a EUR to USD exchange rate of $1.05/Euro
- Adjusted EBITDA between 11.5% and 13.5% of product revenues, excluding the impact of non-cash stock-based compensation
- Full-year effective tax rate between 28% and 32%
- Capital expenditures between $60 million and $70 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
+0.7%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+0.4%
Avg return
30 days after
56%
37 / 66 earnings
Positive
+18.4%
Q4 2023
Best reaction
-22.7%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +9.3% | +4.0% | +13.7% | |
| Q4 2025 | +1.4% | +10.8% | -10.9% | |
| Q3 2025 | +8.2% | +7.2% | +1.9% | |
| Q2 2025 | -1.7% | -1.9% | -3.4% | |
| Q1 2025 | -0.3% | +3.8% | +8.2% | |
| Q4 2024 | -7.7% | -6.0% | -16.8% | |
| Q3 2024 | +1.0% | +5.8% | +1.4% | |
| Q2 2024 | +7.5% | -1.0% | +0.5% | |
| Q1 2024 | +3.1% | +1.7% | +5.3% | |
| Q4 2023 | +18.4% | +12.8% | +11.5% | |
| Q3 2023 | -22.7% | -23.7% | -11.7% | |
| Q2 2023 | +7.7% | +8.3% | +0.7% | |
| Q1 2023 | +5.1% | +4.5% | +0.7% | |
| Q4 2022 | -7.2% | -9.1% | -17.7% | |
| Q3 2022 | +1.5% | +13.6% | +25.0% | |
| Q2 2022 | -5.9% | -5.1% | -7.7% | |
| Q1 2022 | -1.1% | -6.1% | +1.9% | |
| Q4 2021 | -1.0% | -2.0% | -17.1% | |
| Q3 2021 | -16.8% | -8.6% | -5.2% | |
| Q2 2021 | +15.0% | +15.5% | +22.0% | |
| Q1 2021 | -6.4% | -6.0% | -4.6% | |
| Q4 2020 | +2.3% | +2.7% | +9.6% | |
| Q3 2020 | +4.3% | +10.9% | +28.3% | |
| Q2 2020 | +5.7% | +5.7% | +11.9% | |
| Q1 2020 | +4.7% | +2.3% | +19.3% | |
| Q4 2019 | +5.1% | +0.2% | -38.7% | |
| Q3 2019 | -4.2% | -6.3% | -5.7% | |
| Q2 2019 | +1.0% | +0.5% | -12.3% | |
| Q1 2019 | -0.2% | -0.0% | -6.0% | |
| Q4 2018 | -0.2% | -0.2% | -14.6% | |
| Q3 2018 | +13.3% | +17.7% | +18.5% | |
| Q2 2018 | +6.8% | +9.8% | +18.8% | |
| Q1 2018 | -3.1% | -2.7% | +0.6% | |
| Q4 2017 | +4.1% | -0.3% | +6.8% | |
| Q3 2017 | -6.1% | -4.8% | +0.3% | |
| Q2 2017 | -11.3% | -15.2% | -23.0% | |
| Q1 2017 | +2.3% | +2.2% | +4.0% | |
| Q4 2016 | +6.6% | +2.4% | +3.5% | |
| Q3 2016 | -3.8% | -5.5% | +9.1% | |
| Q2 2016 | -11.7% | -16.8% | -14.1% | |
| Q1 2016 | -15.5% | — | — | |
| Q4 2015 | -0.4% | — | — | |
| Q3 2015 | +7.0% | — | — | |
| Q2 2015 | -0.2% | — | — | |
| Q1 2015 | +2.2% | — | — | |
| Q4 2014 | +5.8% | — | — | |
| Q3 2014 | -5.3% | — | — | |
| Q2 2014 | +2.8% | — | — | |
| Q1 2014 | +6.6% | — | — | |
| Q4 2013 | +14.2% | — | — | |
| Q3 2013 | +14.3% | — | — | |
| Q2 2013 | -7.9% | — | — | |
| Q1 2013 | +8.0% | — | — | |
| Q1 2011 | +2.2% | — | — | |
| Q4 2012 | +1.6% | — | — | |
| Q3 2012 | +6.5% | — | — | |
| Q2 2012 | +10.3% | — | — | |
| Q1 2012 | +1.2% | — | — | |
| Q4 2011 | -4.1% | — | — | |
| Q3 2010 | +0.9% | — | — | |
| Q3 2011 | +0.9% | — | — | |
| Q2 2011 | -6.6% | — | — | |
| Q2 2010 | -6.6% | — | — | |
| Q4 2009 | -6.6% | — | — | |
| Q4 2010 | -6.6% | — | — | |
| Q1 2010 | -3.3% | — | — |
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