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.
Gentherm (NASDAQ:THRM), a leader in thermal management technologies, is set to release its second quarter 2022 financial results on August 2, 2022, at 6 am (ET). Following this, the company will hold a conference call at 8 am (ET) for a detailed discussion. Investors can join the call via a toll-free number or listen to a live webcast on Gentherm's Investor Relations page. A replay will also be available for two weeks after the call. Gentherm specializes in automotive and medical temperature control solutions, employing over 11,000 people globally.
NORTHVILLE, Mich., May 18, 2022 – Gentherm (NASDAQ:THRM) has announced that its President and CEO, Phil Eyler, will participate in a fireside chat at the 2022 Baird Global Consumer, Technology & Services Conference on June 8, 2022, at 10:50 am ET. The event will be live-streamed, and a replay will be accessible for 90 days post-presentation on Gentherm's Investor Relations website. Gentherm specializes in thermal management technologies for automotive and medical sectors, employing over 10,000 people globally.
Gentherm (NASDAQ:THRM) reported a decline in first-quarter revenues for 2022, totaling $267.7 million, down 7.2% from $288.5 million in 2021. GAAP diluted EPS was $0.35, down from $0.99 last year, while adjusted diluted EPS fell to $0.41 from $1.04. Automotive revenues decreased by 7.7% year-over-year due to supply chain disruptions and lower vehicle production. Despite challenges, Gentherm secured $170 million in new automotive business awards and maintains its full-year guidance with expected revenues between $1.12 billion and $1.22 billion.
Gentherm (NASDAQ:THRM) announced plans to acquire Alfmeier Präzision SE for €177.5 million. This acquisition aims to enhance Gentherm's offerings in automotive comfort, health, and energy efficiency. Alfmeier, generating €232 million in revenue in 2021, specializes in lumbar and massage comfort solutions, leveraging over 200 patents in advanced valve technologies. The merger is expected to create annual run-rate cost savings of approximately $10 million and will bolster Gentherm's presence in the electric vehicle market. The transaction is anticipated to close in Q3 2022.
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Gentherm (NASDAQ:THRM), a leader in thermal management technologies, will announce its financial results for Q1 2022 on May 4, 2022, at 6 a.m. ET. A conference call will follow at 8 a.m. ET, providing insights into its performance. Interested parties can join the call via toll-free and international dial-in numbers, or access a live webcast on Gentherm's Investor Relations website. Additionally, a telephonic replay will be available shortly after the call. Gentherm specializes in innovative heating and cooling solutions across automotive and medical markets.
Gentherm (NASDAQ:THRM) reported a 57% increase in net income for full-year 2021, achieving record automotive revenue of $1.004 billion. Fourth-quarter product revenues were $248.2 million, down 14.1% year-over-year, attributed to global supply chain challenges. GAAP diluted EPS for Q4 was $0.60, compared to $1.02 in the prior year. For 2022, Gentherm anticipates product revenues between $1.12 billion and $1.22 billion, supported by the recovery of semiconductor supply and growth in light vehicle production.
Gentherm (NASDAQ:THRM), a leader in thermal management technologies, will announce its financial results for Q4 and year-end 2021 on February 17, 2022, at 6 a.m. ET. A conference call will follow at 8 a.m. ET to discuss the results. Investors can join via a toll-free number or international dial-in. An archived replay will be accessible after the call. Gentherm specializes in automotive and medical temperature control solutions and has a global workforce exceeding 11,000 across multiple countries.
Gentherm (NASDAQ: THRM) has committed to donate $250,000 over five years to the GreenLight Fund Detroit, supporting initiatives aimed at alleviating poverty in the area. This annual contribution of $50,000 will bolster existing programs and introduce four new proven initiatives. Among the beneficiaries are the New Teacher Center and the Center for Employment Opportunities, both focusing on education and employment. Gentherm's Senior VP emphasized the importance of community support, while GreenLight Fund leadership expressed gratitude for the partnership aimed at fostering economic mobility.
Gentherm (NASDAQ:THRM), a leader in thermal management technologies, announced that Phil Eyler, President and CEO, will engage in a fireside chat at the 20th Annual J.P. Morgan Tech/Auto Forum in Las Vegas on January 5, 2022, at 3:05 PM PT. A live audio webcast will be available, with a replay accessible for 30 days on Gentherm's Investor Relations page. Gentherm specializes in advanced heating and cooling solutions for automotive and medical applications, employing over 11,000 people globally.