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 Phil Eyler, its President and CEO, will join a virtual fireside chat at the 2021 J.P. Morgan Auto Conference on August 11, 2021, starting at 8:55 am (ET). The event will feature a live audio webcast and will be accessible for 30 days post-event on Gentherm's Investor Relations page. With over 11,000 employees globally, Gentherm continues to innovate in automotive and medical thermal management solutions.
Gentherm (NASDAQ:THRM) will release its Q2 2021 financial results on July 29, 2021, at 6 a.m. ET, with a subsequent conference call scheduled for 8 a.m. ET. Interested parties can join via toll-free number 1-877-407-4018 or international number 1-201-689-8471, using conference ID 13721112. The call will be accessible via live webcast, and a replay will be available until August 12, 2021. Gentherm specializes in thermal management technologies across various sectors, employing over 11,000 individuals globally.
Gentherm (NASDAQ: THRM) has been recognized as a GM Supplier of the Year for the second consecutive year, highlighting its performance in 2020 among 122 suppliers from 16 countries. This recognition stems from Gentherm's innovative thermal management technologies that exceed GM's standards. GM's Vice President noted the importance of dedicated suppliers in achieving a sustainable future. Gentherm’s CEO expressed pride in delivering exceptional service and solutions, emphasizing a long-standing partnership with GM. This accolade reinforces Gentherm's reputation in the automotive industry.
Gentherm (NASDAQ: THRM), a leader in thermal management technologies, has announced its role as the lead investor in a Seed funding round for Carrar, an Israeli company developing advanced thermal management systems for electric vehicles (EVs). Carrar's innovative two-phase cooling technology aims to enhance battery performance by enabling faster charging and improved heat dissipation. This partnership is expected to expand Gentherm’s Battery Performance Solutions portfolio, aligning with growing demand in the rapidly evolving EV market.
Gentherm (NASDAQ:THRM) reported a strong first quarter for 2021, with product revenues of $288.5 million, up 26.2% year-over-year. The company secured $400 million in new automotive awards and achieved a GAAP diluted earnings per share of $0.99, compared to $0.36 in the prior year. Gross margin improved to 30.4%, while adjusted EBITDA rose 58.4% to $51.8 million. Gentherm maintains its full-year guidance, projecting product revenues between $1.05 billion and $1.13 billion.
Gentherm (NASDAQ:THRM) will announce its Q1 2021 financial results on April 29, 2021, at 6 a.m. ET. Following the announcement, a conference call will take place at 8 a.m. ET to discuss the results. Interested participants can join the call using the toll-free number 1-877-407-4018 or the international number 1-201-689-8471. The conference call will also be available via a live webcast and archived replay on Gentherm's website. The company specializes in thermal management technologies and employs over 11,000 people globally.
NORTHVILLE, Mich., March 04, 2021 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a leader in thermal management technologies, announced that CEO Phil Eyler will join a virtual fireside chat at the Baird 2021 Vehicle Technology & Mobility Conference on March 9, 2021, starting at 9:50 am (ET). A live webcast of the presentation will be available, along with a replay for 45 days post-event on the Investor Relations section of Gentherm's website.
FAQ
What is the current stock price of Gentherm (THRM)?
What is the market cap of Gentherm (THRM)?
What are Gentherm's main business segments?
What are some of Gentherm's key products in the automotive segment?
What recent innovations has Gentherm introduced?
How has Gentherm performed financially in recent years?
What is Gentherm's role in the medical industry?
Where is Gentherm expanding its global operations?
What is the purpose of Gentherm's Fit-for-Growth 2.0 initiatives?
Who are Gentherm's key partners in the medical segment?
What is the significance of Gentherm's WellSense technology?
How does Gentherm support its commitment to innovation?
