What trends can be seen in THRM's earnings over the past year?
4/9/2025 05:28pm
Gentherm Incorporated (NASDAQ:THRM) has shown mixed trends in its earnings over the past year. Here are the key points to consider:
1. **Q1 2025 Earnings Estimate**: Roth Capital recently dropped their Q1 2025 earnings per share (EPS) estimates for Gentherm, anticipating $0.62 per share, down from the previous forecast of $0.76. This suggests a potential decline in earnings for the upcoming quarter.
2. **Q4 2024 Earnings Performance**: Gentherm reported its Q4 2024 earnings with EPS of $0.49, which missed the estimated $0.66. This indicates a shortfall in earnings compared to expectations.
3. **Revenue Trends**: Gentherm's revenue has shown a slight decrease, with Q4 2024 revenue coming in at $352.9 million, below the estimated $360.29 million. This reflects a 3.8% year-over-year decrease. Additionally, the company's annual revenue saw a slight decline of 0.9% from the previous year.
4. **Net Income Growth**: Despite the challenges in revenue and EPS, Gentherm reported a significant 61% increase in net income for 2024. This indicates that the company has been able to grow its net income despite the setbacks in revenue and EPS.
5. **EBITDA Performance**: The company achieved a record annual Adjusted EBITDA of $183 million for 2024, marking a 1.3% increase from the previous year. This suggests strong operational performance and profitability.
6. **Automotive Segment Performance**: Gentherm's automotive segment faced a 4.3% decrease in revenues. However, excluding certain factors, there was a slight increase of 0.1%. This mixed trend in the automotive segment likely influenced the overall revenue performance of the company.
In conclusion, while Gentherm has faced challenges in revenue and EPS due to decreased automotive revenues and product mix, the company has shown strong net income growth and EBITDA performance for 2024. The trends in Gentherm's earnings over the past year reflect a complex picture of both challenges and achievements, with the company demonstrating resilience in the face of industry headwinds.