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Gentherm Inc. reports developments in thermal management and pneumatic comfort technologies for automotive and medical markets. Its Automotive products include Climate Control Seats (CCS®), Climate Control Interiors (CCI™), Lumbar and Massage Comfort Solutions, Valve Systems, cable systems, battery performance solutions, and automotive electronics and software systems. Its Medical business covers patient temperature management systems and related device technology.
Recurring news includes quarterly and annual results, conference participation, automotive new-business activity, shareholder voting matters, and medical-device regulatory updates. Company announcements also cover ThermAffyx™ Patient Safety System, an integrated patient warming and securement system submitted through the FDA 510(k) pathway, and communications activity around Gentherm Medical products.
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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.
Gentherm (NASDAQ:THRM), a leader in thermal management technologies, has rescheduled its conference call to discuss Q3 2020 financial results to 11 am ET on October 29, 2020. Investors can dial in using the toll-free number 1-855-327-6837 or access via the webcast available on the company's website. A replay will be available two hours post-call until November 12, 2020 at 11:59 p.m. ET. Gentherm specializes in innovative thermal products across various sectors, employing over 11,000 personnel globally.