GENTHERM Inc

For the period ended Jun 30, 2024. Filed Jul 31, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Jul 31, 2024

THRM$29.78-2.0%Stored close · as of Nov 10, 2026

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Contents

Consolidated Condensed Statements of Income (Loss)

(In thousands, except per share data)

	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023
Product revenues	$375,683	$372,323	$731,698	$735,948
Cost of sales	278,982	284,335	546,244	566,830
Gross margin	96,701	87,988	185,454	169,118
Operating expenses:
Net research and development expenses	21,861	24,696	44,606	49,841
Selling, general and administrative expenses	39,410	38,418	80,131	75,460
Restructuring expenses	2,442	1,044	9,680	2,313
Impairment of goodwill	—	19,509	—	19,509
Total operating expenses	63,713	83,667	134,417	147,123
Operating income	32,988	4,321	51,037	21,995
Interest expense, net	(4,002)	(1,932)	(7,246)	(6,076)
Foreign currency (loss) gain	(282)	346	2,267	(1,723)
Other (loss) income	(284)	556	689	786
Earnings before income tax	28,420	3,291	46,747	14,982
Income tax expense	9,544	4,842	13,086	8,570
Net income (loss)	$18,876	$(1,551)	$33,661	$6,412
Basic earnings (loss) per share	$0.60	$(0.05)	$1.07	$0.19
Diluted earnings (loss) per share	$0.60	$(0.05)	$1.06	$0.19
Weighted average number of shares – basic	31,534	33,019	31,539	33,100
Weighted average number of shares – diluted	31,710	33,019	31,714	33,328

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.