Two companies are testing risk-mitigation strategies for the temperature-regulation systems for open-chest surgery, while two others are telling centers to stop using their devices, the agency says.
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Increased Operating Income nearly 6% in 2020 Despite Challenging Environment
Additional 2021 Guidance Established
NORTHVILLE, Mich., March 01, 2021 (GLOBE NEWSWIRE) Gentherm (NASDAQ:THRM), a global market leader and developer of innovative thermal management technologies, today announced its financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter Highlights
Product revenues of $288.9 million increased 25.4% from $230.4 million in the 2019 fourth quarter. Excluding the impact of foreign currency translation, product revenues increased 21.6% year over year
Automotive revenues, excluding the impact of foreign currency translation, increased 23.1% year over year
GAAP diluted earnings per share was $1.02 as compared with earnings per share of $0.66 for the prior-year period