GENTHERM INCORPORATED Reports Q2 Earnings Results for Fiscal Year 2023
August 9, 2023
🌥️Earnings Overview
GENTHERM INCORPORATED ($NASDAQ:THRM) released their financial report for Q2 FY2023 on August 1 2023, revealing a total revenue of USD 372.3 million, a 42.8% increase year-over-year. Net income for the quarter was reported to be USD -1.6 million, a decrease from 7.1 million in the same period of the previous year.
Stock Price
On Tuesday, GENTHERM INCORPORATED reported their Q2 earnings results for the fiscal year 2023. The stock opened up at $60.9 and closed at $66.1, showing investors’ confidence in the company surging by 10.5% from their prior closing price of 59.8. This marked the highest close in the company’s history and their most successful quarterly earnings of the year. This impressive growth in revenue and EPS was attributed to GENTHERM INCORPORATED’s broadening customer base, increased product offerings, and greater global presence. GENTHERM INCORPORATED has been rapidly expanding its operations and introducing new products, which have been well received by customers worldwide.
In addition, the company has been actively engaging with its stakeholders and implementing new strategies to enhance its competitive position in the industry. As a result of their efforts, GENTHERM INCORPORATED has seen an impressive surge in their share prices as well as their overall financial performance. Throughout the year, GENTHERM INCORPORATED has been able to maintain its solid financial performance and increase its dividend payments to shareholders. This has made it one of the most sought-after stocks in the market and has earned them a great deal of investor confidence. With the company’s strong financial performance and impressive growth trajectory, GENTHERM INCORPORATED is sure to continue to experience success in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gentherm Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 1.41k | 12.03 | 2.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gentherm Incorporated. More…
| Operations | Investing | Financing |
| 77.25 | -230.96 | 155.72 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gentherm Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.24k | 573.49 | 20.24 |
Key Ratios Snapshot
Some of the financial key ratios for Gentherm Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 19.1% | 6.1% | 2.5% |
| FCF Margin | ROE | ROA |
| 2.7% | 3.2% | 1.7% |
Analysis
GoodWhale can help you analyze GENTHERM INCORPORATED‘s fundamentals to decide if it’s a good investment. Our Risk Rating indicates that GENTHERM INCORPORATED is a high risk investment, so it’s important to look more closely at its financial and business health. Our analysis has detected 3 risk warnings in GENTHERM INCORPORATED’s income sheet, balance sheet, and financial journal. If you’re considering investing in GENTHERM INCORPORATED, it’s important to dive deeper into these areas. Register on goodwhale.com to check out all the details. More…
Peers
Its competitors are PPAP Automotive Ltd, CIE Automotive SA, and Bethel Automotive Safety Systems Co Ltd.
– PPAP Automotive Ltd ($BSE:532934)
PPAP Automotive Ltd is a Japanese company that manufactures and sells automotive parts and components. The company has a market cap of 2.91B as of 2022 and a Return on Equity of 3.09%. PPAP Automotive Ltd is a publicly traded company listed on the Tokyo Stock Exchange.
– CIE Automotive SA ($LTS:0DZC)
As of 2022, CIE Automotive SA has a market cap of 3.05B and a Return on Equity of 26.38%. The company manufactures and sells automotive components and systems. It operates in two segments: Components and Modules, and Systems. The Components and Modules segment manufactures and sells products such as suspension systems, motorized seats, cockpits, and security systems. The Systems segment provides services such as assembly, painting, and logistics.
– Bethel Automotive Safety Systems Co Ltd ($SHSE:603596)
Bethel Automotive Safety Systems Co Ltd is a company that manufactures automotive safety systems. The company has a market cap of 35.68B as of 2022 and a return on equity of 11.57%. The company’s products include airbags, seatbelts, and other safety systems.
Summary
GENTHERM INCORPORATED recently reported their financial results for the second quarter of FY2023. Total revenue for the period increased by 42.8% year-over-year to USD 372.3 million, while reported net income was at USD -1.6 million, a decrease from 7.1 million in the previous year. Despite the decrease in net income, the stock price moved up the same day, suggesting that investors remain optimistic about the company’s prospects. It would be interesting to see how GENTHERM performs as the third quarter of FY2023 progresses and if there is an improvement in its bottom line performance.
Related Posts
Recent Posts
