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 Inc (NASDAQ: THRM) is described by the company as a global market leader in thermal management and pneumatic comfort technologies for the automotive and medical sectors. The THRM news feed on Stock Titan aggregates company-issued announcements and third-party coverage so readers can follow how Gentherm’s climate comfort systems and patient temperature management products are performing across markets.
News about Gentherm frequently includes quarterly earnings results, where the company reports product revenues from its Automotive and Medical segments, details on automotive climate and comfort solutions, and updates to full-year guidance. These releases often highlight the volume of automotive new business awards, commentary on operational performance, and management’s discussion of factors such as material costs, supply chain conditions and foreign currency effects.
Investors and industry followers can also expect event-related updates, such as Gentherm’s participation in investor conferences hosted by firms including Baird, J.P. Morgan, Seaport and others. These announcements typically provide information on scheduled fireside chats, webcasts and replay availability.
For the Medical segment, news items may cover distribution partnerships and geographic expansion, such as Gentherm’s extended partnership with DUOMED to distribute its patient temperature management portfolio, including Astopad® and Vytil-branded convective warming systems, in additional European markets.
By reviewing the THRM news page regularly, readers can track developments in Gentherm’s automotive climate control seats, interiors, lumbar and massage comfort solutions, valve systems, and medical temperature management offerings, as well as the company’s strategic priorities, guidance updates and participation in key industry and investor events.
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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.
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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.
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