Gentherm Stock Price, News & Analysis

Gentherm (NASDAQ:THRM) will report its third-quarter 2021 financial results on October 28, 2021, at 6 a.m. (ET). A conference call to discuss these results is scheduled for the same day at 8 a.m. (ET). Interested parties can access the call via toll-free or international numbers, or through the webcast available on Gentherm's Investor Relations website. A telephonic replay will be available shortly after the call, lasting until November 11, 2021.

Gentherm (NASDAQ: THRM) has been awarded the 2021 Automotive News PACEpilot Innovations to Watch award for its INTU Thermal Comfort with ClimateSense technology, developed in partnership with Lear. This award recognizes pre-commercial innovations in the automotive sector. The INTU system utilizes advanced thermal management along with intelligent software to enhance passenger comfort while achieving significant energy savings—up to 69% in cold and 34% in hot weather compared to traditional HVAC systems. This collaboration aims at advancing electric vehicle capabilities by improving energy efficiency.

Gentherm (NASDAQ: THRM) announced significant executive shifts effective October 1, 2021. Jaymi Wilson has been promoted to Senior Vice President of Global Sales, Marketing, and Corporate Communications, succeeding Paul Giberson, who departs after 15 years. Wilson is tasked with expanding Gentherm’s customer base and financial performance. Yijing Brentano takes on the role of Senior Vice President of Strategy, Corporate Development, and Investor Relations, enhancing corporate strategy and investor ties. Both leaders bring extensive industry experience to their new roles.

Gentherm (NASDAQ: THRM) has invested in Forciot, a Finnish developer of touch, motion, and force sensor technology. This investment aims to enhance Gentherm's automotive and electronics solutions, particularly in improving vehicle safety and passenger comfort. Forciot's sensors can be integrated into vehicle interiors, potentially replacing traditional buttons and enhancing Advanced Driver Assistance Systems (ADAS). The collaboration is set to enable Forciot to scale operations for mass production, aligning with Gentherm's strategy to address evolving automotive industry challenges.

Gentherm (NASDAQ: THRM) will have its Executive Vice President and CFO, Matteo Anversa, participate in a virtual fireside chat at the CL King’s 19th Annual Best Ideas Conference on September 14, 2021, starting at 9:30 am ET. A live audio webcast will be accessible, with a replay available for 45 days on Gentherm’s website. The company specializes in innovative thermal management technologies, serving various sectors, including automotive and medical markets. More details can be found on their website.

Gentherm (NASDAQ:THRM) reported a remarkable financial performance for Q2 2021, showcasing a 95.5% year-over-year increase in product revenues, totaling $266.0 million. This significant growth was driven by a 105.1% rise in automotive revenues. The company secured $400 million in new automotive awards and achieved a GAAP diluted EPS of $0.74, recovering from a loss of $0.32 in the previous year. Despite ongoing supply chain challenges, Gentherm updated its 2021 guidance, predicting product revenues between $1.11 and $1.17 billion.

Gentherm (NASDAQ: THRM) has secured its first production vehicle award for its ClimateSense technology, designed for a new 2024 model electric vehicle from a global automaker. This proprietary technology enhances vehicle energy efficiency and personal thermal comfort by reducing HVAC energy consumption. ClimateSense is projected to provide significant energy savings, with studies indicating up to 69% in cold weather and 34% in hot weather. Gentherm's innovation aligns with the rising demand for electric vehicles, positioning the company favorably in the market.

Gentherm (NASDAQ:THRM), a leader in thermal management technologies, announced that Phil Eyler, its President and CEO, will join a virtual fireside chat at the 2021 J.P. Morgan Auto Conference on August 11, 2021, starting at 8:55 am (ET). The event will feature a live audio webcast and will be accessible for 30 days post-event on Gentherm's Investor Relations page. With over 11,000 employees globally, Gentherm continues to innovate in automotive and medical thermal management solutions.