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 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.
Gentherm (THRM) reported Q3 2024 financial results with product revenues of $371.5 million, up 1.5% year-over-year. The company achieved $0.51 GAAP diluted EPS compared to $0.48 in Q3 2023, and $0.75 adjusted EPS versus $0.64 last year. Automotive revenues increased 1.1%, outperforming light vehicle production in key markets by 800 basis points. The company secured record Q3 automotive new business awards of $600 million. Gentherm updated its 2024 guidance, now expecting product revenues of $1.45B-$1.47B and adjusted EBITDA margin near mid-point of 12.5%-13.5%.
Gentherm (NASDAQ: THRM), a global leader in thermal management and pneumatic comfort technologies for the automotive industry and medical patient temperature management systems, has announced its participation in the 2024 Baird Global Industrial Conference in Chicago. Phil Eyler, President and CEO, will engage in a fireside chat on Tuesday, November 12, 2024, starting at 6:45 am CST for approximately 30 minutes.
The event will feature a live webcast of the presentation, with a replay available for 90 days following the event on Gentherm's website. Interested parties can access the webcast through the Events page in the Investor Relations section at www.gentherm.com. For further information, investors can contact Gregory Blanchette, while media inquiries should be directed to Melissa Fischer.
Gentherm (NASDAQ: THRM), the global market leader in innovative thermal management and pneumatic comfort technologies for the automotive industry and medical patient temperature management systems, has announced its schedule for the 2024 third quarter results release and conference call.
The company will report its financial results on Wednesday, October 30, 2024, followed by a conference call at 8 am (ET) on the same day. Investors can join the call using the toll-free number 1-877-407-4018 (US) or 1-201-689-8471 (International) with the Conference ID 13749599.
A live webcast and one-year archived replay of the call will be available on Gentherm's website. A telephonic replay will be accessible until November 13, 2024, using specific dial-in numbers and the passcode 13749599.
Gentherm (NASDAQ:THRM), a leader in automotive thermal management and medical patient temperature management systems, announced the resignation of its CFO, Matteo Anversa, effective September 1, 2024. Anversa is leaving to become CFO at Logitech International after five and a half years with Gentherm. CEO Phil Eyler praised Anversa's contributions, including implementing the Fit-For-Growth strategy and executing the Alfmeier acquisition.
Anversa expressed gratitude for his time at Gentherm, highlighting achievements such as record revenues, expanded profitability, and significant new business wins. The company has initiated a CFO succession process led by the CEO and will provide updates as appropriate.
Gentherm (NASDAQ:THRM) reported strong Q2 2024 results with record quarterly revenue of $375.7 million, up 0.9% year-over-year. GAAP diluted EPS was $0.60, compared to a loss of $0.05 in Q2 2023. Adjusted diluted EPS rose to $0.66 from $0.58 last year. The company secured $660 million in automotive new business awards.
Key highlights include:
- Automotive revenues increased 0.7% YoY (1.8% excluding forex impact)
- Medical revenue grew 8.3% YoY
- Gross margin improved to 25.7% from 23.6% last year
- Adjusted EBITDA increased 17.7% to $49.9 million
Gentherm maintained its full-year 2024 guidance, expecting product revenues at the low end of $1.5B-$1.6B range and Adjusted EBITDA margin rate above the mid-point of 12.5%-13.5% range.
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