Gentherm Stock Price, News & Analysis

Gentherm (NASDAQ:THRM) reported a record annual revenue of $1.2 billion for 2022, a 15.2% increase from 2021. The company secured new automotive business awards totaling $1.8 billion and achieved a fourth quarter revenue of $343.3 million, up 38.3% year over year. However, GAAP diluted loss per share was $(0.13), compared to earnings of $0.60 in the previous year. Adjusted diluted EPS for 2022 was $1.82, down from $3.01 in 2021. The company anticipates 2023 product revenues between $1.45 billion and $1.55 billion, with an adjusted EBITDA margin of 11.5% to 13.5%.

AEye, Inc. (NASDAQ: LIDR) has appointed Matt Fisch as its new CEO and board member, effective February 13, 2023. Fisch brings over 30 years of experience in leading software development and product commercialization across multiple industries, including automotive and consumer electronics. He previously held key positions at HARMAN International, Intel, and Verifone, enhancing product offerings in high-growth markets. This leadership change aims to boost AEye's transition towards commercializing its cutting-edge software-defined lidar technology and expanding its application across various sectors, particularly in automotive technology.

Gentherm (NASDAQ: THRM) will report its Q4 2022 and year-end results on February 22, 2023, at 6 am ET, followed by a strategic update and 2026 outlook from executives.

The call will feature Phil Eyler, CEO, and Matteo Anversa, CFO, detailing the company's performance and future guidance. A live audio webcast will be accessible on Gentherm's Investor Relations website. Interested parties can also access a replay after the event. Gentherm specializes in automotive thermal management and comfort technologies, employing over 13,000 people globally.

Gentherm (NASDAQ:THRM) announced that its President and CEO, Phil Eyler, will participate in a fireside chat at the 21st Annual J.P. Morgan Tech/Auto Forum on January 5, 2023, at 10:30 am PT (1:30 pm ET) in Las Vegas, NV. The event will be streamed live, with a recording available for 30 days on the company’s Investor Relations page. Gentherm is a leader in thermal management and comfort technologies for the automotive sector, employing approximately 13,000 people globally.

Gentherm (THRM) announced record third-quarter 2022 financial results, with product revenues soaring to $333 million, a 36.8% increase from the previous year. Organic revenues reached $290.4 million, marking the highest in company history. GAAP diluted EPS was $0.29, down from $0.47 year-over-year, while adjusted EPS rose to $0.70 from $0.51. The company secured new automotive business awards totaling $430 million and is maintaining its full-year guidance of $1.15 to $1.25 billion in product revenues. CEO Phil Eyler emphasized strong demand for thermal solutions in the electric vehicle market.

Gentherm (NASDAQ:THRM), a leader in thermal management technologies, announced that President and CEO Phil Eyler will present at the 2022 Baird Global Industrial Conference in Chicago on November 9, 2022, at 10:50 am CST. A live webcast of this presentation will be available and a replay can be accessed for 90 days afterward on Gentherm’s Investor Relations page.

The company, which employs over 13,000 individuals worldwide, specializes in automotive thermal management systems and medical temperature management solutions, continuing to innovate in its field.

Gentherm (NASDAQ: THRM) has been selected by Cadillac to supply its ClimateSense® system for the 2024 Cadillac CELESTIQ, marking a pivotal shift in automotive climate control technology. The ClimateSense system, which features 33 microclimate devices, allows personalized comfort for each occupant through advanced heating and cooling technologies. It promises to deliver up to 69% energy savings in cold weather and 34% in hot conditions, enhancing the vehicle's efficiency. This integration represents a significant advancement in cabin comfort and energy management.