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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

Author: Benzinga Newsdesk | February 21, 2024 07:09am

As a result of the company's decision to pause the pursuit of certain Battery Performance Solutions products, Gentherm is updating its 2026 outlook. Product Revenues is expected between $1.9 billion and $2.0 billion, Adjusted EBITDA margin rate of approximately 16%. 

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