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.
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.
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