Gentherm (THRM) reported Q1 adjusted earnings Thursday of $0.51 per share, down from $0.62 a year earlier.

Analysts polled by FactSet expected $0.47.

Product revenue for the quarter ended March 31 was $353.9 million, down from $356 million a year earlier.

Analysts surveyed by FactSet expected $348.5 million.

The company said it continues to expect full-year 2025 product revenue in the range of $1.40 billion to $1.50 billion. Analysts polled by FactSet expect $1.42 billion.

Shares of the company fell nearly 5% in recent Thursday premarket activity.