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), a leader in thermal management technologies, will announce its financial results for Q1 2022 on May 4, 2022, at 6 a.m. ET. A conference call will follow at 8 a.m. ET, providing insights into its performance. Interested parties can join the call via toll-free and international dial-in numbers, or access a live webcast on Gentherm's Investor Relations website. Additionally, a telephonic replay will be available shortly after the call. Gentherm specializes in innovative heating and cooling solutions across automotive and medical markets.
Gentherm (NASDAQ:THRM) reported a 57% increase in net income for full-year 2021, achieving record automotive revenue of $1.004 billion. Fourth-quarter product revenues were $248.2 million, down 14.1% year-over-year, attributed to global supply chain challenges. GAAP diluted EPS for Q4 was $0.60, compared to $1.02 in the prior year. For 2022, Gentherm anticipates product revenues between $1.12 billion and $1.22 billion, supported by the recovery of semiconductor supply and growth in light vehicle production.
Gentherm (NASDAQ:THRM), a leader in thermal management technologies, will announce its financial results for Q4 and year-end 2021 on February 17, 2022, at 6 a.m. ET. A conference call will follow at 8 a.m. ET to discuss the results. Investors can join via a toll-free number or international dial-in. An archived replay will be accessible after the call. Gentherm specializes in automotive and medical temperature control solutions and has a global workforce exceeding 11,000 across multiple countries.
Gentherm (NASDAQ: THRM) has committed to donate $250,000 over five years to the GreenLight Fund Detroit, supporting initiatives aimed at alleviating poverty in the area. This annual contribution of $50,000 will bolster existing programs and introduce four new proven initiatives. Among the beneficiaries are the New Teacher Center and the Center for Employment Opportunities, both focusing on education and employment. Gentherm's Senior VP emphasized the importance of community support, while GreenLight Fund leadership expressed gratitude for the partnership aimed at fostering economic mobility.
Gentherm (NASDAQ:THRM), a leader in thermal management technologies, announced that Phil Eyler, President and CEO, will engage in a fireside chat at the 20th Annual J.P. Morgan Tech/Auto Forum in Las Vegas on January 5, 2022, at 3:05 PM PT. A live audio webcast will be available, with a replay accessible for 30 days on Gentherm's Investor Relations page. Gentherm specializes in advanced heating and cooling solutions for automotive and medical applications, employing over 11,000 people globally.
Gentherm (NASDAQ: THRM) announced the formation of the Gentherm Technology Advisory Council, aimed at advancing its thermal management technologies. Comprising four industry leaders, the council will focus on Electric Vehicles (EV), Advanced Driver-Assistance Systems (ADAS), and IoT. Led by CTO Matt Fisch, the council aims to guide Gentherm's technology roadmap and foster strategic partnerships, enhancing innovation and meeting customer needs in the evolving automotive market.
Gentherm (NASDAQ:THRM) reported third-quarter financial results for 2021, with product revenues of $243.4 million, down 6.2% from $259.5 million a year ago. Adjusted earnings per share decreased to $0.51 from $0.91. Despite these declines, the company secured $260 million in new automotive awards, with 40% allocated to electric vehicles. Gross margin fell to 28.5% due to supply chain issues, while R&D expenses increased 13.9%. Gentherm updated its full-year guidance for product revenues to between $1.02 billion and $1.05 billion.
Gentherm (NASDAQ: THRM) announced its participation in two upcoming investor conferences in November 2021. Phil Eyler, President and CEO, along with Matteo Anversa, CFO, will present at the Gabelli Funds 45th Annual Auto Symposium on November 1, 2021, at 3:15 pm PT in Las Vegas. Additionally, Eyler will present virtually at the Baird Industrial Conference on November 9, 2021, at 7:55 am ET. A replay will be available on Gentherm's website for 45 days following the event. Gentherm focuses on innovative thermal management technologies across various sectors.
