Company: THRM
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001140361-25-010582
Chunk: 4

Company: Gentherm Inc
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 4
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 other valve systems for brake and engine systems, and other electronic devices. Our automotive products can be found on light vehicles manufactured by nearly all the major original equipment manufacturers ("OEMs") operating in North America and Europe, and several major OEMs in Asia. We operate in locations aligned with our major customers’ product strategies to provide locally enhanced design, integration and production capabilities. Medical products include patient temperature management systems. Our medical productscan be found in hospitals throughout the world, primarily in the U.S., China, Germany and Brazil. The Company is also developing and launching a number of new technologies and products that will help enable improvements to existing products, improve health, wellness and patient outcomes and will lead to new product applications for existing and new and adjacent markets. 1 | 2025 PROXY STATEMENT 2024 COMPANY PERFORMANCE HIGHLIGHTS

Highlights of Gentherm’s 2024 performance include (1) (2):

| PRODUCT REVENUE | ADJUSTED EBITDA (1) | AUTOMOTIVE NEWBUSINESS AWARDS (2) | GAAP DILUTED EARNINGSPER SHARE |

| $1,456.1 
 MILLION  | $182.9  
 MILLION | $2.4    
 BILLION | $2.06 |

| As compared with $1,469.1million in 2023 | A company record with an increase of $2.3 million from $180.6 million in 2023 | Including breakthrough awards for ComfortScale™ and Puls.A™ | As compared with $1.22 for 2023 |

| (1) | See the Table of Contents for information regarding our non-GAAP financial measures. |

| (2) | Automotive new business awards represent the aggregate projected lifetime revenue of new awards provided by our customers to Gentherm in the applicable period, with the value based on the                                           
 price and volume projections received from each customer as of the award date. Although automotive new business awards are not firm customer orders, we believe that automotive new business awards are an indicator of future        
 revenue. Automotive new business awards are not projections of revenue or future business as of December 31, 2023, December 31, 2024, the date of this proxy statement or any other date. Customer projections regularly change over  
 time and we do not update our calculation of any automotive new business award after the date initially communicated. Automotive new business awards in 2023 and 2024 also do not reflect, in particular