Gentherm: 4Q Earnings Snapshot
NORTHVILLE, Mich. (AP) _ Gentherm Inc. (THRM) on Monday reported fourth-quarter profit of $34 million.
On a per-share basis, the Northville, Michigan-based company said it had profit of $1.02. Earnings, adjusted for one-time gains and costs, were $1.16 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The maker of climate-controlled seats and other products posted revenue of $288.9 million in the period.
For the year, the company reported profit of $59.7 million, or $1.81 per share. Revenue was reported as $913.1 million.
Gentherm expects full-year revenue in the range of $1.05 billion to $1.13 billion.
Gentherm shares have climbed 8.5% since the beginning of the year. The stock has climbed 68% in the last 12 months.