Gentherm Expects FY24 Product Revenues Between $1.5B-$1.6B Vs. $1.56B Estimate; Adjusted EBITDA Is Expected Between 12.5% And 13.5% Of Product Revenues
Portfolio Pulse from Benzinga Newsdesk
Gentherm updates its FY24 and 2026 financial outlook, expecting FY24 product revenues between $1.5B-$1.6B, with an adjusted EBITDA margin of 12.5%-13.5%. For 2026, the company anticipates product revenues between $1.9B-$2.0B and an adjusted EBITDA margin of approximately 16%, following the decision to pause certain Battery Performance Solutions products.
February 21, 2024 | 11:09 am
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Gentherm revises FY24 and 2026 financial outlook, with FY24 revenues expected between $1.5B-$1.6B and an adjusted EBITDA margin of 12.5%-13.5%. For 2026, revenues are anticipated between $1.9B-$2.0B with a 16% EBITDA margin.
The update in financial outlook by Gentherm, especially the expected increase in product revenues and adjusted EBITDA margins for FY24 and 2026, is likely to be viewed positively by investors. The decision to pause certain Battery Performance Solutions products indicates a strategic pivot that could optimize profitability and efficiency, potentially leading to a positive short-term impact on THRM's stock price.
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