Gentherm Incorporated (NASDAQ:THRM) Q1 2023 Earnings Conference Call April 27, 2023 8:00 AM ET

Company Participants

Yijing Brentano - SVP of Strategy, Corporate Development and IR

Phillip Eyler - President and Chief Executive Officer

Matteo Anversa - Executive Vice President of Finance, Chief Financial Officer and Treasurer

Conference Call Participants

Matt Koranda - ROTH MKM

Operator

Greetings, and welcome to the Gentherm First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Yijing Brentano, Senior Vice President of Strategy, Corporate Development and Investor Relations for Gentherm. Thank you. You may begin.

Yijing Brentano

Thank you and good morning everyone, and thanks for joining us today. Gentherm's earnings results were released earlier this morning, and a copy of the release is available at gentherm.com. Additionally, a webcast replay of today's call will be available later today on the Investor Relations section of Gentherm's website.

During this call, we may make forward-looking statements within the meaning of federal securities laws. Statements reflect our current views with respect to future events and financial performance, and actual results may differ materially. We undertake no obligation to update them, except as required by law. Please see Gentherm's earnings release and its SEC filings, including the latest 10-K and subsequent reports for discussions of our risk factors and other risks and uncertainties underlying such forward-looking statements.

During the call, we may discuss non-GAAP financial measures as defined by SEC Regulation G, including certain pro forma measures related to the Alfmeier acquisition. Reconciliations of these non-GAAP financial measures to the comparable GAAP financial measures are included in our earnings release or investor presentation.

On the call with me today are Phil Eyler, President and Chief Executive Officer; and Matteo Anversa, Chief Financial Officer. During their comments, Phil and Matteo will be referring to a presentation deck that we have made available on our website at gentherm.com/events. After their prepared remarks, we will be pleased to take your questions.

Now, I'd like to turn the call over to Phil.

Phillip Eyler

Thank you, Yijing. Good morning, everyone, and thank you for joining us today. I'm quite proud of the Gentherm team for coming together, executing with focus and delivering strong results in the first quarter. We delivered the highest quarterly revenue in company history, growing 36% year-over-year or 39%, excluding the impact of foreign currency translation.