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) has secured its first production vehicle award for its ClimateSense technology, designed for a new 2024 model electric vehicle from a global automaker. This proprietary technology enhances vehicle energy efficiency and personal thermal comfort by reducing HVAC energy consumption. ClimateSense is projected to provide significant energy savings, with studies indicating up to 69% in cold weather and 34% in hot weather. Gentherm's innovation aligns with the rising demand for electric vehicles, positioning the company favorably in the market.
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.
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