Gentherm Inc (NASDAQ:THRM) Q4 2015 Earnings Conference Call - Final Transcript

Feb 19, 2016 • 08:30 am ET


Gentherm Inc (NASDAQ:THRM) Q4 2015 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the Gentherm Inc. 2015 Fourth Quarter and Year-End Results. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions] It is now my pleasure to introduce your host, Mr. Michael Mason. Thank you, Mr. Mason. You may begin.

Michael Mason

Thanks, Michele. Good morning, and thank you for joining us for the Gentherm Incorporated 2015 fourth quarter and year-end results conference call. Before we start the call, there are a couple of items I'd like to cover. In addition to disseminating through PR Newswire this morning's news release announcing Gentherm's results, an e-mail copy of the release was also sent to a number of conference call participants.

If you need a copy of the release, you may download a copy from the Gentherm website at Additionally, a replay of the conference call will be available via a link provided on the Events page of the Investors Relations section of Gentherm's website. During this call, representatives of the Company may make forward-looking statements within the meaning of Federal Securities Laws. These statements reflect current views with respect to future events and financial performance and actual results may materially differ.

Please see the Company's SEC filings, including the latest 10-K and subsequent reports for discussions of various risks and uncertainties underlying such forward-looking statements. During the call, the Company may discuss non-GAAP financial measures as defined by SEC Regulation G. Reconciliations of these non-GAAP financial measures to the comparable GAAP financial measures are included in the Company's earnings release.

On the call, we have Mr. Oscar Marx, Chairman of the Board, Mr. Dan Coker, President and Chief Executive Officer and Mr. Barry Steele, Chief Financial Officer. Management will provide a review of the results, after which there'll be a question-and-answer period. I would now like to turn the call over to Dan. Good morning, Dan.

Daniel R. Coker

Good morning, Mike, and thank you, everyone, for joining us on our fourth quarter and year end 2015 results earnings call. 2015 for us was a very strong year. All of our businesses were operating at very solid performance levels and we're quite pleased with the results and we hope that we'll be able to provide some insight on how we see the years in. It turned out to be a very good year for us operationally worldwide.

We had some very good things happen. We saw continued strength in growth in all of our core businesses, plus the addition of our very new and exciting area for us, battery thermal management and we think that the year turned out to be a very, very solid positive year. We did have a little bit of a headwind on the revenue line with the strength of the U.S. dollar many of our results when converted back to U.S. dollars have a muted impact. Barry will give you some significant detail on that, but with no financial impact from the FX measures our business grew by