Gentherm (THRM) Tops Q4 EPS by 35c, Revenues Beat
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Gentherm Reports 2019 Fourth Quarter and Full Year Results
February 19, 2020 6:00 AM ESTIncreased Operating Income by 16% in 2019Secured $1.5 Billion in Automotive Awards in 2019, including a Record Level in Q42020 Guidance Established
NORTHVILLE, Mich., Feb. 19, 2020 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), a global market leader and developer of innovative thermal management technologies, today announced its financial results for the fourth quarter and full year ended December 31, 2019.
Fourth Quarter Highlights
Product revenues of $230.4 million decreased 10.0% from $256.0 million in the 2018 fourth quarter. Excluding the impact of foreign currency translation and divested assets, product revenues declined 2.9% year over... More