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) reported Q1 2025 financial results with revenue of $354 million, representing a 0.9% increase excluding foreign currency effects. The company secured $400 million in automotive new business awards, including first-time contracts with Japanese OEM for lumbar and massage solutions and a Volvo conquest award.
Key financial metrics include a gross margin decrease to 24.4% from 24.9%, net loss of $(0.1) million compared to $14.9 million profit last year, and Adjusted EBITDA of $39.3 million (11.1% of revenue). The company maintained its 2025 revenue guidance of $1.4-1.5 billion while adjusting EBITDA margin range to 11.5-13%.
Automotive Climate and Comfort Solutions revenue grew 3.8% year-over-year, outperforming relevant market light vehicle production by over 300 basis points. The company maintains strong liquidity of ~$400 million with net leverage at ~0.5x.
Gentherm (NASDAQ: THRM), a global leader in thermal management and pneumatic comfort technologies, has scheduled its 2025 first quarter financial results announcement for Thursday, April 24, 2025. The company will host a conference call at 8 am ET on the same day.
Investors can participate through the toll-free number 1-877-407-4018 or international dial-in 1-201-689-8471 using conference ID 13753379. A live webcast will be available on Gentherm's website, with a one-year replay option. The telephonic replay will be accessible until May 8, 2025, via 1-844-512-2921 (US) or 1-412-317-6671 (international) using the same passcode.
Gentherm (THRM) has been awarded the prestigious 2024 Supplier of the Year Award by General Motors at GM's 33rd annual Supplier of the Year event in Phoenix, Arizona. This marks the third time Gentherm has received this recognition.
The award, presented by GM, acknowledges global suppliers for their excellence in key categories including safety, innovation, and resilience. The selection process involves a global cross-functional team evaluating suppliers' performance throughout 2024 and their alignment with GM's core values and goals.
Out of GM's global supplier network, only 92 suppliers across 12 countries were selected for the 2024 Supplier of the Year list. This recognition highlights Gentherm's commitment to delivering innovative technology and maintaining strong business performance in their partnership with GM.
Gentherm (NASDAQ:THRM), a leader in thermal management and pneumatic comfort technologies, has released its 2024 Sustainability Report focusing on People, Planet, and Products initiatives. The report showcases significant environmental achievements, including:
The company achieved its first year-over-year CO2 emissions reduction, driven by increasing renewable energy sourcing to over 35%. Gentherm is advancing toward long-term emissions goals through renewable energy procurement, on-site generation, and Power Purchase Agreements (PPA).
CEO Bill Presley emphasized the company's commitment to improving lives through enhanced health, wellness, comfort, and sustainable solutions, highlighting their dedication to creating long-term value for employees, customers, communities, and stakeholders.
Gentherm (NASDAQ:THRM) announced the grant of inducement equity awards to its newly appointed executives. William Presley, President and CEO, received 123,135 restricted stock units (RSUs), while Jonathan Douyard, Executive VP, CFO and Treasurer, received 52,398 RSUs.
The awards, effective February 24, 2025, were granted as material inducements for their employment and will vest equally over three years on the anniversary of the grant date, contingent on continued employment. While the RSUs align with terms in Gentherm's 2023 Equity Incentive Plan, they were granted outside of it under Nasdaq Rule 5635(c)(4).
Gentherm (NASDAQ:THRM) reported its Q4 and full-year 2024 results, showing mixed performance. Full-year product revenues slightly decreased by 0.9% to $1,456.1 million, while achieving record annual Adjusted EBITDA of $182.9 million, up 1.3% from 2023.
Q4 product revenues decreased 3.8% to $352.9 million, with automotive revenues down 4.3%. The company secured $2.4 billion in automotive new business awards for the year. GAAP diluted EPS for 2024 increased to $2.06 from $1.22, while adjusted EPS decreased to $2.33 from $2.59.
The company maintained net leverage at ~0.5x while investing in operations and repurchasing $50.2 million of common stock. For 2025, Gentherm guides product revenues between $1.4-1.5 billion and Adjusted EBITDA at 12-13% of product revenues.
Gentherm (NASDAQ: THRM), a global leader in automotive thermal management and medical patient temperature management systems, has scheduled its fourth quarter and year-end 2024 financial results announcement for Wednesday, February 19, 2025.
The company will host a conference call at 8 am ET on the same day. Investors can join via toll-free number (1-877-407-4018) or international dial-in (1-201-689-8471) using Conference ID 13751539. A live webcast will be available on Gentherm's website investor relations section, with a one-year archived replay.
A telephonic replay will be accessible approximately two hours after the call through March 5, 2025, using 1-844-512-2921 (US) or 1-412-317-6671 (international) with the same passcode.
Gentherm (NASDAQ:THRM) has appointed Jonathan Douyard as Executive Vice President, Chief Financial Officer and Treasurer, effective January 1, 2025. Douyard, who brings 25 years of global finance experience, will lead the company's finance, treasury, investor relations, and IT operations globally, reporting to incoming CEO Bill Presley. He succeeds Matteo Anversa, who departed in September 2024 for Logitech International. Douyard joins from The Shyft Group, where he served as CFO since March 2020, and previously held CFO positions at Fluke and key financial leadership roles at United Technologies and General Electric.
Gentherm (NASDAQ: THRM), a leader in automotive thermal management and medical patient temperature management systems, announced a schedule update for their participation in the 2024 Baird Global Industrial Conference. President and CEO Phil Eyler's fireside chat will now begin at 7:55 am CST on Tuesday, November 12, 2024. The 30-minute presentation will be available via live webcast, with a replay accessible for 90 days on Gentherm's website investor relations section.
Gentherm (NASDAQ:THRM) announced its planned CEO succession, effective January 1, 2025. Bill Presley, currently Vice-Chairman and COO of Aptiv PLC, will succeed current President and CEO Phil Eyler as President, CEO, and Board Director. Eyler will remain as an advisor through June 30, 2025. The succession follows a year-long planned transition process. Under Eyler's seven-year leadership, Gentherm implemented its Focused Growth strategy, repositioned business lines, and achieved record business awards and revenue. The company is also in the process of selecting a new CFO, expected to be announced soon.
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