{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-050187","form_type":"8-K","ticker":"THRM","cik":"0000903129","company_name":"Gentherm Inc","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.387929+00:00","generated_at":"2026-06-03T05:14:45.330638+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Gentherm Q1 net income up 86% YoY; secures $530M in new awards; reaffirms 2024 guidance","bullets":["Product revenues of $356M down 2.1% YoY; automotive rev down 2.3% but outperformed production by 300bps.","GAAP diluted EPS $0.47 vs $0.24; adjusted EPS $0.62 vs $0.49.","Secured $530M in automotive new business awards, a Q1 record; won GM conquest award for next-gen truck platform.","Gross margin rate improved to 24.9% from 22.3% driven by Fit-for-Growth 2.0 initiatives.","Adjusted EBITDA $43.5M (+4.9% YoY); reaffirms full-year 2024 guidance."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-050187","json":"https://secwatch.observer/filing/0000950170-24-050187.json","markdown":"https://secwatch.observer/filing/0000950170-24-050187.md","text":"https://secwatch.observer/filing/0000950170-24-050187.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/903129/000095017024050187/0000950170-24-050187-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/903129/000095017024050187/thrm-20240430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:14:45.330638+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0ae1f054ca327c8d52762593323ed4357890954e","claim":"Gentherm Inc reported first quarter ending March 31, 2024 results: revenue $356.0 million, EPS $0.47. Guidance reaffirmed.","evidence_excerpt":"medical patient temperature management systems, today announced its financial results for the first quarter ending March 31, 2024. First Quarter Highlights • Product revenues of $356.0 million decreased 2.1% from $363.6 million in the first quarter of 2023. Excluding the impact of foreign currency translation, product revenues decreased 1.3% year over year • Automotive","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/903129/000095017024050187/0000950170-24-050187-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ending March 31, 2024"},{"label":"Revenue","value":"$356.0 million"},{"label":"EPS","value":"$0.47"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}