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 Incorporated (THRM) delivers cutting-edge thermal management solutions for automotive climate control and medical patient care systems. This dedicated news hub provides investors and industry professionals with timely updates on the company's technological advancements and market position.
Access authoritative coverage of Gentherm's latest developments including product innovations, strategic partnerships, and financial performance. Our curated collection features press releases on climate control system enhancements, medical temperature management breakthroughs, and operational expansions across global markets.
Key updates include earnings announcements, R&D milestones in thermal efficiency technologies, and manufacturing initiatives supporting automotive electrification trends. Stay informed about patent filings, leadership changes, and sustainability efforts within Gentherm's dual-focused business strategy.
Bookmark this page for streamlined access to verified information about THRM's progress in pneumatic comfort systems and healthcare thermal regulation. Check regularly for objective reporting on developments impacting both automotive OEM partnerships and medical device applications.
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.
Gentherm (NASDAQ:THRM) announced plans to acquire Alfmeier Präzision SE for €177.5 million. This acquisition aims to enhance Gentherm's offerings in automotive comfort, health, and energy efficiency. Alfmeier, generating €232 million in revenue in 2021, specializes in lumbar and massage comfort solutions, leveraging over 200 patents in advanced valve technologies. The merger is expected to create annual run-rate cost savings of approximately $10 million and will bolster Gentherm's presence in the electric vehicle market. The transaction is anticipated to close in Q3 2022.
