Gentherm Stock Price, News & Analysis

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.

Gentherm (NASDAQ:THRM) reported a strong fourth quarter for 2020 with product revenues of $288.9 million, a 25.4% increase from the previous year. GAAP diluted earnings per share rose to $1.02 from $0.66. Despite a full-year revenue decrease of 6.0% to $913.1 million, the company secured automotive business awards totaling $940 million. Gentherm's gross margin improved to 32.1%. The company anticipates product revenues of $1.05 to $1.13 billion for 2021, targeting adjusted EBITDA of 17-19% of revenues.

Gentherm (NASDAQ:THRM) will announce its fourth quarter and year-end 2020 financial results on March 1, 2021, at 6 a.m. (ET). A conference call will follow at 8 a.m. (ET) to discuss the results. Investors can join the call via toll-free or international numbers provided, and a live webcast will be available on Gentherm's website. The replay of the call will be accessible shortly after its conclusion until March 15, 2021. Gentherm specializes in thermal management technologies across various applications, including automotive and medical sectors.