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 thermal management technologies, announced that President and CEO Phil Eyler will present at the 2022 Baird Global Industrial Conference in Chicago on November 9, 2022, at 10:50 am CST. A live webcast of this presentation will be available and a replay can be accessed for 90 days afterward on Gentherm’s Investor Relations page.
The company, which employs over 13,000 individuals worldwide, specializes in automotive thermal management systems and medical temperature management solutions, continuing to innovate in its field.
Gentherm (NASDAQ: THRM) has been selected by Cadillac to supply its ClimateSense® system for the 2024 Cadillac CELESTIQ, marking a pivotal shift in automotive climate control technology. The ClimateSense system, which features 33 microclimate devices, allows personalized comfort for each occupant through advanced heating and cooling technologies. It promises to deliver up to 69% energy savings in cold weather and 34% in hot conditions, enhancing the vehicle's efficiency. This integration represents a significant advancement in cabin comfort and energy management.
Gentherm (NASDAQ: THRM) will announce its financial results for Q3 2022 on November 2, 2022, at 6 am ET. A conference call to discuss these results will follow at 8 am ET, with participation details available for both toll-free and international callers.
The company, a leader in thermal management for the automotive sector, is noted for products like Climate Control Seats and heated interior systems. Investors can access the live webcast and future replays on Gentherm's Investor Relations page.
On September 16, 2022, Gentherm (NASDAQ:THRM) announced a strategic partnership with HARMAN International to enhance driver alertness and well-being features in future versions of HARMAN's Ready Care technology. This alliance aims to incorporate Gentherm’s advanced thermal management technologies to optimize driver comfort while ensuring safety, particularly in the context of increasing autonomous vehicle applications. The collaboration seeks to leverage Gentherm’s ClimateSense™ platform for improved driver wellness and engagement.
Gentherm (THRM) reported Q2 2022 revenues of $260.7 million, down 2% year-over-year, with adjusted EPS at $0.25, a decline from $0.85 in Q2 2021. The company secured $600 million in new automotive awards, outperforming light vehicle production by 600 basis points. Despite a challenging environment marked by supply chain disruptions and inflation, Gentherm highlighted growth in organic automotive revenues (up 2.9% excluding currency impacts) and a successful acquisition of Dacheng Medical. The updated guidance forecasts product revenues between $1.15 billion and $1.25 billion for 2022.
Gentherm (NASDAQ:THRM) has announced the acquisition of Alfmeier Präzision SE, enhancing its position as the largest global supplier of thermal and pneumatic comfort solutions in the automotive sector. Headquartered in Germany, Alfmeier specializes in advanced lumbar and massage comfort technologies. This strategic acquisition aims to merge Gentherm's thermal management expertise with Alfmeier's innovations, potentially leading to increased growth opportunities, particularly in ClimateSense and Battery Performance Solutions. The deal aligns with rising consumer demands for enhanced passenger comfort.
Gentherm (NASDAQ:THRM), a leader in thermal management technologies, will have President and CEO Phil Eyler participate in a fireside chat at the 2022 J.P. Morgan Auto Conference in New York City on August 10, 2022, at 10:15 a.m. (ET). The session is expected to last about 35 minutes. A live audio webcast will be available, with a replay accessible for 30 days on Gentherm’s Investor Relations website.
Gentherm (NASDAQ:THRM), a leader in thermal management technologies, is set to release its second quarter 2022 financial results on August 2, 2022, at 6 am (ET). Following this, the company will hold a conference call at 8 am (ET) for a detailed discussion. Investors can join the call via a toll-free number or listen to a live webcast on Gentherm's Investor Relations page. A replay will also be available for two weeks after the call. Gentherm specializes in automotive and medical temperature control solutions, employing over 11,000 people globally.
NORTHVILLE, Mich., May 18, 2022 – Gentherm (NASDAQ:THRM) has announced that its President and CEO, Phil Eyler, will participate in a fireside chat at the 2022 Baird Global Consumer, Technology & Services Conference on June 8, 2022, at 10:50 am ET. The event will be live-streamed, and a replay will be accessible for 90 days post-presentation on Gentherm's Investor Relations website. Gentherm specializes in thermal management technologies for automotive and medical sectors, employing over 10,000 people globally.
Gentherm (NASDAQ:THRM) reported a decline in first-quarter revenues for 2022, totaling $267.7 million, down 7.2% from $288.5 million in 2021. GAAP diluted EPS was $0.35, down from $0.99 last year, while adjusted diluted EPS fell to $0.41 from $1.04. Automotive revenues decreased by 7.7% year-over-year due to supply chain disruptions and lower vehicle production. Despite challenges, Gentherm secured $170 million in new automotive business awards and maintains its full-year guidance with expected revenues between $1.12 billion and $1.22 billion.
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