Gentherm Incorporated (THRM), a thermal management technologies company, Wednesday reported a profit of $18.09 million or $0.56 per share for the fourth quarter, compared with a loss of $4.21 million or $0.13 per share in the same quarter a year ago, primarily helped by increase in revenue.
Excluding one-time items, earnings were $28.89 million or $0.90 per share, that beat the average estimate of analysts polled by Thomson-Reuters of $0.52 er share. Analysts' estimates typically exclude special items.
Product revenue for the quarter increased to $366.93 million from $343.32 million last year. The consensus estimate was for $358.33 million.
Looking ahead, Gentherm expects product revenues between $1.5 billion and $1.6 billion for the full year 2024. Analysts expect revenue of $1.56 billion for the year.
For 2026, the company now sees revenue of $1.9 billion - $2.0 billion.
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