Welcome to our dedicated page for Gentherm news (Ticker: THRM), a resource for investors and traders seeking the latest updates and insights on Gentherm stock.
Gentherm Inc. (NASDAQ: THRM) is a global leader in thermal management and pneumatic comfort technologies, primarily serving the automotive and medical industries. The company is renowned for its innovative thermal solutions, which include heating, cooling, and ventilating devices designed to enhance comfort and energy efficiency. With a robust patent portfolio and a dedicated team of world-class scientists and engineers, Gentherm is committed to continuous innovation and improvement in thermal technology.
Gentherm's core business is divided into two main segments: Automotive and Medical. The Automotive segment, which constitutes the majority of the company's revenue, offers a wide range of climate comfort systems, battery performance solutions, cable systems, and automotive electronics and software. Gentherm's products in this segment include Climate Control Seats, heated seats, steering wheels, armrests, and other interior components. Their technology is highly regarded by major automotive manufacturers, making Gentherm a preferred supplier for many industry leaders.
The Medical segment focuses on patient temperature management solutions. Gentherm's medical products include systems for whole-body warming and cooling, such as the Blanketrol® and Astopad® systems, which are essential in maintaining normothermia and providing localized therapy. The company's recent partnerships, such as the expanded collaboration with SourceMark Medical, further solidify its position in the healthcare market.
Gentherm's latest innovation, WellSense, was unveiled at the 2024 Consumer Electronics Show (CES). This technology integrates heating, cooling, lumbar, and massage comfort effectors to enhance wellness and well-being in vehicles. WellSense leverages science-based physiology research and offers over-the-air (OTA) feature upgrades, positioning Gentherm at the forefront of health, wellness, comfort, and energy efficiency in the automotive industry.
Financially, Gentherm has shown strong performance, with record revenues and adjusted EBITDA in both Automotive and Medical segments for 2023. The company also secured significant new automotive awards, including the scalable ClimateSense® software for General Motors' future vehicle architectures. Gentherm continues to expand its global footprint with new facilities in Tangier, Morocco, and Monterrey, Mexico, as part of its Fit-for-Growth 2.0 initiatives aimed at driving revenue growth and margin expansion.
Gentherm (NASDAQ: THRM), a leader in innovative thermal management technologies for the automotive sector and medical temperature management, will announce its first-quarter 2023 financial results on April 27, 2023, at 6 am ET. A conference call discussing these results will follow at 8 am ET. The call can be accessed via a toll-free number or through a live webcast available on Gentherm's website. A telephonic replay of the call will also be provided shortly after, valid until May 11, 2023. The company continues to drive advancements in automotive products, including heated seats and climate control systems, and is expanding its medical product offerings. Gentherm operates globally with over 14,000 employees, emphasizing its commitment to innovation in both automotive and medical applications.
Gentherm (NASDAQ:THRM) reported a record annual revenue of $1.2 billion for 2022, a 15.2% increase from 2021. The company secured new automotive business awards totaling $1.8 billion and achieved a fourth quarter revenue of $343.3 million, up 38.3% year over year. However, GAAP diluted loss per share was $(0.13), compared to earnings of $0.60 in the previous year. Adjusted diluted EPS for 2022 was $1.82, down from $3.01 in 2021. The company anticipates 2023 product revenues between $1.45 billion and $1.55 billion, with an adjusted EBITDA margin of 11.5% to 13.5%.
AEye, Inc. (NASDAQ: LIDR) has appointed Matt Fisch as its new CEO and board member, effective February 13, 2023. Fisch brings over 30 years of experience in leading software development and product commercialization across multiple industries, including automotive and consumer electronics. He previously held key positions at HARMAN International, Intel, and Verifone, enhancing product offerings in high-growth markets. This leadership change aims to boost AEye's transition towards commercializing its cutting-edge software-defined lidar technology and expanding its application across various sectors, particularly in automotive technology.
Gentherm (NASDAQ: THRM) will report its Q4 2022 and year-end results on February 22, 2023, at 6 am ET, followed by a strategic update and 2026 outlook from executives.
The call will feature Phil Eyler, CEO, and Matteo Anversa, CFO, detailing the company's performance and future guidance. A live audio webcast will be accessible on Gentherm's Investor Relations website. Interested parties can also access a replay after the event. Gentherm specializes in automotive thermal management and comfort technologies, employing over 13,000 people globally.
Gentherm (NASDAQ:THRM) announced that its President and CEO, Phil Eyler, will participate in a fireside chat at the 21st Annual J.P. Morgan Tech/Auto Forum on January 5, 2023, at 10:30 am PT (1:30 pm ET) in Las Vegas, NV. The event will be streamed live, with a recording available for 30 days on the company’s Investor Relations page. Gentherm is a leader in thermal management and comfort technologies for the automotive sector, employing approximately 13,000 people globally.
Gentherm (THRM) announced record third-quarter 2022 financial results, with product revenues soaring to $333 million, a 36.8% increase from the previous year. Organic revenues reached $290.4 million, marking the highest in company history. GAAP diluted EPS was $0.29, down from $0.47 year-over-year, while adjusted EPS rose to $0.70 from $0.51. The company secured new automotive business awards totaling $430 million and is maintaining its full-year guidance of $1.15 to $1.25 billion in product revenues. CEO Phil Eyler emphasized strong demand for thermal solutions in the electric vehicle market.
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