STOCK TITAN

Gentherm Inc - THRM STOCK NEWS

Welcome to our dedicated news page for Gentherm (Ticker: THRM), a resource for investors and traders seeking the latest updates and insights on Gentherm.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gentherm's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gentherm's position in the market.

Rhea-AI Summary
Gentherm (THRM) achieves record annual revenue of $1.5 billion, secures unprecedented automotive business awards of $2.6 billion, and updates 2024 guidance and 2026 outlook. The company's financial results for the fourth quarter and full year 2023 show significant growth in product revenues, automotive revenues, and earnings per share. Gentherm's strategic initiatives, acquisitions, and innovative technologies position it as a global leader in thermal management and pneumatic comfort technologies for the automotive industry.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
20.04%
Tags
none
-
Rhea-AI Summary
Gentherm (THRM) wins the 2024 BIG Innovation Award for its ClimateSense® Technology, a groundbreaking automotive microclimate comfort solution. The technology offers personalized comfort for each occupant and significant energy savings of up to 69% in cold weather and 34% in hot weather testing.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
Tags
none
-
Rhea-AI Summary
Gentherm (NASDAQ: THRM) will report its financial results for the fourth quarter and year-end 2023 on February 21, 2024. The company will also host a conference call to discuss the results. Investors can access the live webcast and one-year archived replay on the Events page of the Investor Relations section of Gentherm's website. A telephonic replay will also be available. Investor and media contact details are provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
none
Rhea-AI Summary
SourceMark Medical (SOMK) announces expanded partnership with Gentherm Medical, becoming the master supplier of certain patient warming product lines in the United States. The partnership aims to offer world-class patient warming solutions to the U.S. healthcare market, providing unique and industry-leading solutions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
Tags
partnership
-
Rhea-AI Summary
Gentherm (THRM) unveiled WellSense™, a software defined consumer experience that delivers customized in-cabin comfort sensations promoting wellness and well-being at the 2024 Consumer Electronics Show. The technology leverages physiology research for proprietary software that orchestrates heating, cooling, lumbar, and massage comfort effectors, offering opportunities for OEMs in the software defined vehicles market. WellSense currently offers experiences promoting physical well-being, cognitive well-being, and a healthy lifestyle.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.24%
Tags
none
-
Rhea-AI Summary
Gentherm (NASDAQ: THRM) appoints Laura Kowalchik, CFO of Communications & Power Industries LLC, to its Board of Directors, bringing valuable finance and automotive industry expertise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.37%
Tags
none
Rhea-AI Summary
Gentherm (NASDAQ: THRM) Awarded Top Workplaces 2023 Honor by The Detroit Free Press for Michigan Locations
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
none
-
Rhea-AI Summary
Gentherm announces an accelerated share repurchase agreement with Bank of America to repurchase $60 million of common shares. The stock repurchase program is extended until June 2024 with $97 million remaining. The company will initially receive approximately 1.22 million common shares.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.39%
Tags
buyback
-
Rhea-AI Summary
Gentherm announces Q3 financial results, delivering highest adjusted EBITDA in ten quarters and securing $520M in new automotive business awards. Automotive revenues increased 10% YoY. Adjusted diluted EPS was $0.64. Company updates 2023 guidance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.58%
Tags
earnings
Rhea-AI Summary
Gentherm wins Reuters D.R.I.V.E Honour for its ClimateSense Technology, offering energy savings of up to 69% in cold weather and 34% in hot weather testing. The technology can help reduce global CO2 emissions as the automotive industry shifts to electric vehicles.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
Gentherm Inc

Nasdaq:THRM

THRM Rankings

THRM Stock Data

1.82B
29.27M
1.81%
105.81%
3.56%
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing
Manufacturing
Link
US
Northville

About THRM

as a leader in thermal technology, we design, develop, and manufacture heating, cooling, and ventilating devices for diverse global markets. we expect that our proprietary thermal technologies will be used to create the next generation of thermal comfort and energy efficient products. with an emphasis on innovation, we are inventing, improving, and applying thermal technologies for emerging markets and applications. our broad patent portfolio leverages the advances we have made in all areas of thermal comfort and management, and our world-class team of scientists and engineers are dedicated to the continuous advancement of thermoelectrics for heating, cooling, and power generation. we are recognized by our largest automotive industry customers as a dependable and outstanding supplier of heated seating, climate seating, electronics, and cables. we successfully incorporate lean processes on a global scale, enabling us to provide value now and continual improvement for the future. w