Gentherm Incorporated (NASDAQ:THRM) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Gentherm Incorporated Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 100% to $0.22 in the quarter versus EPS of $0.11 in the year-earlier quarter.
Revenue: Rose 14.34% to $148.1 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Gentherm Incorporated reported adjusted EPS income of $0.22 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $138.19 million.
Quoting Management: President and CEO Daniel R. Coker said, “We started 2013 with excellent results in each of our major businesses. This year’s first quarter was the best first quarter in our history as we continued to grow and expand our business around the globe. Despite continuing global economic uncertainty, the strength of these results gives us confidence that 2013 will be a solid year and that we can reach our guidance of 8 to 10 percent growth for the year.”
Key Stats (on next page)…