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) announced its first-quarter 2023 financial results, reporting a record revenue of $363.6 million, a 35.9% increase from $267.7 million in Q1 2022. Automotive revenues rose 36.8% year over year, while new automotive awards secured totaled $480 million. Adjusted diluted earnings per share improved to $0.49, up from $0.41 in the same quarter last year. Despite these strong figures, GAAP diluted EPS decreased to $0.24 from $0.35 year-over-year. The company reaffirmed its full-year 2023 guidance, anticipating product revenues between $1.45 billion and $1.55 billion. Gentherm's gross margin faced a decline to 22.3% from 24.0%, attributed to inflation and the acquisition of Alfmeier.
Gentherm (NASDAQ: THRM), a leader in innovative thermal management technologies for the automotive sector and medical temperature management, will announce its first-quarter 2023 financial results on April 27, 2023, at 6 am ET. A conference call discussing these results will follow at 8 am ET. The call can be accessed via a toll-free number or through a live webcast available on Gentherm's website. A telephonic replay of the call will also be provided shortly after, valid until May 11, 2023. The company continues to drive advancements in automotive products, including heated seats and climate control systems, and is expanding its medical product offerings. Gentherm operates globally with over 14,000 employees, emphasizing its commitment to innovation in both automotive and medical applications.
FAQ
What is the current stock price of Gentherm (THRM)?
What is the market cap of Gentherm (THRM)?
