Gentherm Posts $2.6 Million Q3 Loss, Adjusted EPS Misses Estimates Despite Revenue Beat

Gentherm Inc. (THRM) reported a third-quarter loss of $2.6 million, or 8 cents per share, falling short of Wall Street expectations. Adjusted earnings came to 33 cents per share, well below the 66-cent average estimate from five analysts surveyed by Zacks Investment Research. The Novi, Michigan-based maker of climate-controlled seats posted revenue of $405.1 million, beating the $404.4 million forecast from six analysts. The company expects full-year revenue in the range of $1.83 billion to $1.93 billion. The quarterly results, announced Thursday, reflect a sharp gap between adjusted and reported figures, with one-time gains and costs weighing on the bottom line.