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Gentherm (THRM) Q2 FY2024 earnings: revenue $376 million, up 0.9% on the year

Gentherm Inc. (THRM) reported revenue of $376 million for Q2 FY2024, the quarter ended 30 June 2024, up 0.9% on the same quarter a year earlier. Net income was $19 million, and diluted earnings per share $0.60. The figures are the company's own, from the 10-Q it filed with the SEC on 31 July 2024.

Revenue$376 millionup 0.9%
Net income$19 million
Diluted EPS$0.60
QuarterQ2 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Revenue376356n/an/a
Cost of revenue279267n/an/a
Gross profit96.788.8n/an/a
Gross margin25.7%24.9%n/a
Research and development21.922.7n/an/a
Selling, general and administrative39.440.7n/an/a
Operating income33.018.0n/an/a
Operating margin8.8%5.1%n/a
Pre-tax income28.418.3n/an/a
Income tax9.53.5n/an/a
Effective tax rate33.6%19.3%n/a
Net income18.914.8n/an/a
Net margin5.0%4.2%n/a
Diluted EPS$0.60$0.47n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Operating cash flow37.1-10.3n/an/a
Capital expenditure19.411.3n/an/a
Free cash flow17.8-21.6n/an/a
Free cash flow margin4.7%-6.1%n/a
Cash from investing-15.8-8.8n/an/a
Cash from financing-20.2-1.5n/an/a
Depreciation and amortisation12.913.8n/an/a
Share-based compensation3.63.8n/an/a
Buybacks21.70.0n/an/a
Diluted shares, weighted32m32mn/an/a
Shares outstanding at period end31m32mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Shareholders' equity640647n/an/a
Debt222222n/an/a
Operating lease liabilities21.923.1n/an/a
Other liabilities356360n/an/a
Total liabilities and equity1,2411,253n/an/a
Fixed assets246242n/an/a
Goodwill102102n/an/a
Intangible assets62.163.2n/an/a
Cash and equivalents123125n/an/a
Receivables265265n/an/a
Inventory214220n/an/a
Other assets228236n/an/a
Total assets1,2411,253n/an/a

Questions

What was Gentherm's revenue in Q2 FY2024?

Gentherm (THRM) reported revenue of $376 million for Q2 FY2024, the quarter ended 30 June 2024, up 0.9% on the same quarter a year earlier.

How much did Gentherm earn in Q2 FY2024?

Net income for Q2 FY2024 was $19 million, and diluted earnings per share $0.60.

When did Gentherm report Q2 FY2024 results?

Gentherm filed its 10-Q for the quarter ended 30 June 2024 with the SEC on 31 July 2024.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue366367356376372353354375387383394416
Cost of revenue280271267279277267267285292292296320
Gross profit86.296.388.896.794.986.186.589.895.190.897.296.4
Gross margin24%26%25%26%26%24%24%24%25%24%25%23%
R&D23.121.422.721.923.021.124.222.624.423.623.924.1
SG&A38.241.940.739.436.938.138.541.142.947.655.355.7
Operating income23.731.718.033.032.323.617.124.023.917.811.310.7
Operating margin6%9%5%9%9%7%5%6%6%5%3%3%
Pre-tax income22.817.218.328.419.436.12.12.520.910.37.67.3
Tax rate30%-5%19%34%18%58%106%81%28%71%45%40%
Net income15.818.114.818.916.015.3-0.10.514.93.04.24.4
Net margin4%5%4%5%4%4%-0%0%4%1%1%1%
Diluted EPS$0.48$0.56$0.47$0.60$0.51$0.49$0.00$0.02$0.49$0.10$0.14$0.14
Operating cash flow21.439.2-10.337.146.336.6-13.345.056.129.0-5.07.3
Capital expenditure12.911.111.319.419.623.014.98.99.722.35.78.6
Free cash flow8.628.1-21.617.826.613.6-28.236.246.56.7-10.7-1.2
Buybacks11.160.00.021.719.910.00.010.00.00.0n/an/a
Shares outstanding33m32m32m31m31m31m31m31m31m31m31m31m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2024, filed 31 July 2024, accession 0000950170-24-088484: the filing on EDGAR. All of Gentherm Inc.'s filings: EDGAR company page.

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