Gentherm 2024 Outlook: Sees Revenue Of $1.5b-$1.6b Vs. $1.527b Est.; And Adjusted EBITDA Margin Of 12.5%-13.5%
Portfolio Pulse from Benzinga Newsdesk
Gentherm has released its 2024 outlook, projecting revenues between $1.5 billion and $1.6 billion, with an adjusted EBITDA margin of 12.5% to 13.5%. The company expects a full-year adjusted effective tax rate of 26% to 29% and capital expenditures between $65 million and $75 million.
July 31, 2024 | 10:10 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Gentherm's 2024 guidance projects revenues between $1.5 billion and $1.6 billion, with an adjusted EBITDA margin of 12.5% to 13.5%. This is slightly above the latest estimate for product revenues and adjusted EBITDA margin, indicating a positive outlook.
The revenue and adjusted EBITDA margin projections are slightly above the latest estimates, suggesting a positive outlook for Gentherm. This could lead to a short-term increase in stock price as investors react to the optimistic guidance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100