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First Community (NASDAQ:FCCO) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS
Management raised full-year guidance after adding Modine Performance Technologies and said cost synergies should reach $25 million as integration continues.
- On Thursday, Gentherm Incorporated reported third-quarter revenue of $405.1 million, representing 4.4% growth excluding foreign currency translation following the October 1 closing of the Modine Performance Technologies acquisition.
- Chief Financial Officer John Douyard reported pro forma net leverage reached 0.8 turns post-transaction, as Gentherm deployed an 80/20 operating philosophy to drive operational efficiency across the combined business.
- Automotive Climate and Comfort Solutions revenue grew 8.5% excluding currency impacts, led by strong China performance where domestic OEM sales outpaced global OEM sales for the first time in company history.
- Management updated full-year guidance to revenue between $1.825 billion and $1.925 billion, with adjusted EBITDA of $220 million and free cash flow projected at approximately $110 million.
- The company targets $100 million in home and office revenue by 2028, with shipments for a new air moving device business in India expected to begin in the fourth quarter of 2027.
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First Community (NASDAQ:FCCO) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS
First Community (NASDAQ:FCCO - Get Free Report) released its earnings results on Wednesday. The bank reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.06. First Community had a net margin of 18.32% and a return on equity of 13.23%.
·Sioux Falls, United States
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Total News Sources17
Leaning Left1Leaning Right1Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 17%
C 67%
R 16%
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