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Gentherm Inc Comments On Q4 2012 Revenue Guidance; Reaffirms FY 2012 Revenue Guidance


Thursday, 1 Nov 2012 06:00am EDT 

Gentherm Inc announced that it expects combined revenues of Gentherm/W.E.T. in the 2012 fourth quarter to be in-line with the Company's full year forecast. Barring unforeseen economic turbulence, including worsening of the European market or unfavorable fluctuations of the Euro exchange rate, 2012 revenue appears to be strong for the combined companies. Gentherm is expecting revenue growth for fiscal 2012 in the range of 10% over the combined Gentherm/W.E.T. 2011 revenues (which were $501.2 million on a full year pro-forma basis). According to I/B/E/S estimates, analysts were expecting the Company to report revenues of $149 million for the fourth quarter of 2012 and revenues of $552 million for fiscal 2012. 

Company Quote

46.45
0.84 +1.84%
11 Jul 2014