Company: THRM
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023344
Chunk: 240

Company: Gentherm Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 240
---
225,343

    Operating income

    107,015

    77,439

    48,307

    Interest expense, net

    (15,300
    )

    (14,641
    )

    (4,294
    )

    Foreign currency gain (loss)

    9,599

    (5,918
    )

    (6,778
    )

    Other income (loss)

    951

    (1,926
    )

    1,147

    Earnings before income tax

    102,265

    54,954

    38,382

    Income tax expense

    37,318

    14,611

    13,941

    Net income
     
    $
    64,947

    $
    40,343

    $
    24,441

    Basic earnings per share
     
    $
    2.08

    $
    1.23

    $
    0.74

    Diluted earnings per share
     
    $
    2.06

    $
    1.22

    $
    0.73

    Weighted average number of shares – basic

    31,293

    32,778

    33,126

    Weighted average number of shares – diluted

    31,476

    33,067

    33,503

The accompanying notes are an integral part of these consolidated financial statements 

 F-6

GENTHERM INCORPORATED 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME 

(In thousands) 

    Year Ended December 31,

    2024

    2023

    2022

    Net income
     
    $
    64,947

    $
    40,343

    $
    24,441

    Other comprehensive (loss) income:

    Pension benefit obligations, net of tax

    (840
    )

    56

    1,826

    Foreign currency translation adjustments, net of tax

    (45,266
    )

    13,439

    (14,081
    )

    Unrealized (loss) gain on foreign currency derivative securities, net of tax

    (8,927
    )

    2,834

    2,693

    Unrealized loss on