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 described by the company as a global market leader in thermal management and pneumatic comfort technologies for the automotive and medical sectors. The THRM news feed on Stock Titan aggregates company-issued announcements and third-party coverage so readers can follow how Gentherm’s climate comfort systems and patient temperature management products are performing across markets.
News about Gentherm frequently includes quarterly earnings results, where the company reports product revenues from its Automotive and Medical segments, details on automotive climate and comfort solutions, and updates to full-year guidance. These releases often highlight the volume of automotive new business awards, commentary on operational performance, and management’s discussion of factors such as material costs, supply chain conditions and foreign currency effects.
Investors and industry followers can also expect event-related updates, such as Gentherm’s participation in investor conferences hosted by firms including Baird, J.P. Morgan, Seaport and others. These announcements typically provide information on scheduled fireside chats, webcasts and replay availability.
For the Medical segment, news items may cover distribution partnerships and geographic expansion, such as Gentherm’s extended partnership with DUOMED to distribute its patient temperature management portfolio, including Astopad® and Vytil-branded convective warming systems, in additional European markets.
By reviewing the THRM news page regularly, readers can track developments in Gentherm’s automotive climate control seats, interiors, lumbar and massage comfort solutions, valve systems, and medical temperature management offerings, as well as the company’s strategic priorities, guidance updates and participation in key industry and investor events.
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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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.
Gentherm (NASDAQ:THRM) announced record quarterly revenue of $288.9 million for Q4 2020, representing a 25.4% increase year-over-year, despite a 6.0% decline in full-year revenue to $913.1 million. The company postponed its Q4 and full-year earnings release due to ongoing audits concerning tax asset valuations. Gentherm secured $440 million in new automotive business awards in Q4 2020, totaling $940 million for the year. Expected product revenues for 2021 range between $1.05 billion and $1.13 billion, with adjusted EBITDA projected at 17%-19% of revenue.
Gentherm (NASDAQ:THRM) will announce its financial results for Q4 and year-end 2020 on February 19, 2021, at 6 a.m. ET, followed by a conference call at 8 a.m. ET. The call can be accessed via a toll-free number or an international dial-in. A live webcast will also be available on Gentherm's Investor Relations website, with a replay accessible for one year. Gentherm develops thermal management technologies for automotive and medical applications, employing over 11,000 people worldwide.
Gentherm (NASDAQ: THRM) announced the appointment of Betsy Meter to its Board of Directors, effective January 8, 2021. Meter, a former Managing Partner at KPMG Michigan, brings extensive experience in accounting and operational issues, particularly in the automotive sector. Her strategic insights and strong industry network are expected to enhance shareholder value as Gentherm pursues its Focused Growth strategy. This appointment marks an important step in promoting diversity within the Board, now comprising three female members.
Gentherm (NASDAQ:THRM) announced the appointment of Steve Fletcher as the new Senior Vice President and General Manager of its Medical business. Fletcher, who has extensive experience in medical technology, will drive profitable growth and product development while aligning with the company's automotive product lines. Gentherm's CEO, Phil Eyler, expressed confidence in Fletcher's ability to enhance the company's leadership in patient temperature management solutions. Fletcher previously held roles at C2 Sense and Thermo Fisher Scientific.
Gentherm (NASDAQ:THRM), a leader in thermal management technologies, announced that CEO Phil Eyler will participate in a virtual fireside chat during the 19th Annual J.P. Morgan Tech/Auto Forum on January 12, 2021, at 12:25 pm PT (3:25 pm ET). A live audio webcast will be available, with a replay accessible for 45 days on Gentherm's Investor Relations page. The company specializes in heating and cooling systems for various applications, including automotive and medical sectors, with over 11,000 employees worldwide.