Company: THRM
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000950170-25-023344
Chunk: 205

Company: Gentherm Inc
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 205
---
468,820

    $
    482,665

    (2.9
    )%

    Seat Heaters

    297,866

    308,588

    (3.5
    )%

    Lumbar and Massage Comfort Solutions

    178,584

    144,923

    23.2
    %

    Steering Wheel Heaters

    169,763

    153,943

    10.3
    %

    Valve Systems

    105,056

    106,262

    (1.1
    )%

    Automotive Cables

    73,091

    79,993

    (8.6
    )%

    Battery Performance Solutions

    58,183

    75,484

    (22.9
    )%

    Electronics

    33,065

    40,387

    (18.1
    )%

    Other Automotive

    21,850

    30,707

    (28.8
    )%

    Subtotal Automotive segment

    1,406,278

    1,422,952

    (1.2
    )%

    Medical segment

    49,846

    46,124

    8.1
    %

    Total Company
     
    $
    1,456,124

    $
    1,469,076

    (0.9
    )%

Product Revenues

Below is a summary of our product revenues, in thousands, for the years ended December 31, 2024 and 2023:

    Year Ended December 31,

    Variance Due To:

    2024

    2023

    Favorable / (Unfavorable)

    Automotive Volume

    FX

    Pricing/ Other

    Total

    Product revenues
     
    $
    1,456,124

    $
    1,469,076

    $
    (12,952
    )

    $
    3,931

    $
    (7,129
    )
     
    $
    (9,754
    )
     
    $
    (12,952
    )

Product revenues for the year ended December 31, 2024 decreased 0.9% as compared to the year ended December 31, 2023. The decrease in product revenues