Gentherm Q1 revenue up 11% to $394M; adj. EPS $0.84 vs $0.51; Modine deal on track

First Quarter Financial Highlights • Secured Automotive New Business Awards totaling $395 million in the quarter. • Product revenues of $393.7 million increased 11.3% from $353.9 million in the prior year. Excluding the impact of foreign currency translation, product revenues increased 7.2%, with Automotive increasing 7.7% and Medical decreasing 6.3%. • Automotive Climate and Comfort Solutions revenue increased 13.6% year over year, or 9.8% excluding the impact of foreign currency translation, outperforming S&P Global’s mid-April light vehicle production report in our relevant markets by 14 percentage points. • Gross margin was 24.7%, compared to 24.4% in the prior year. The increase was primarily driven by operating leverage and net material performance, partially offset by annual price reductions and higher labor costs. • Net income (loss) was $4.2 million, compared to $(0.1) million in the prior year. • Adjusted EBITDA was $49.3 million, or 12.5% of revenue, compared to $39.3 millio