Gentherm authorizes $150M stock repurchase program expiring June 2027

Gentherm Inc

Board authorized new $150M common stock repurchase program, effective July 1, 2024 through June 30, 2027.
Current 2020 program had ~$26M remaining as of June 4, 2024.
Repurchases may be executed via open market, accelerated repurchase, or private agreements subject to market conditions and legal requirements.
CEO Phil Eyler cited confidence in future performance and cash flow generation as rationale.

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