THRM
Categories of dependency expected for this filer that were actually found stated in Risk Factors / MD&A.
- Filing
- 0001193125-26-059602 (10-K)
- Period
- 2025-01-01 to 2025-12-31
- XBRL tag
- us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
- Context
- C_e726aa68-ba9f-417f-a5a3-547946f9b60d
- Mapping
- seed · confidence 1.00
Extracted from Risk Factors / MD&A, checked verbatim against the source text before being stored.
“The volume of products we sell is significantly affected by global and regional automotive production levels and the general business conditions in the automotive industry.”
“the impact of macroeconomic and geopolitical conditions”
“We operate in a highly competitive industry and efforts by our competitors, as well as new entrants to the industry, could adversely affect our business, results of operations and financial condition.”
“Our competitors’ efforts to grow market share could exert downward pressure on our product pricing and margins.”
“We are experiencing increased competition from Chinese-based component suppliers that are developing relationships with Chinese-based OEMs, which are growing market share in China, and are expanding in key global markets, including Europe and North America.”
“The material reduction in sales from any of our principal customers, due to their acquisition activity, insourcing, product quality and delivery or otherwise, could materially and adversely affect our business, results of operations, cash flows and financial condition.”
“For 2025, our revenues from sales to our two largest customers, Lear Corporation (“Lear”) and Adient plc (“Adient”) were $234 million and $164 million, respectively, representing 16% and 11% of our product revenues, respectively.”
“The continued growth, viability and financial stability of our principal customers, as well as the OEMs to which our products are supplied, are critical to our success.”