earnings
confidence medium
sentiment negative
materiality 0.70
Gentherm Q3 revenue rises 4.4% ex-FX to $405M but swings to $2.6M net loss; FY26 guidance updated for Modine deal
Gentherm Inc
- Product revenue $405.1M, up 4.7% from $386.9M (4.4% ex-FX); Automotive Climate and Comfort Solutions revenue +8.8% YoY, beating relevant-market light vehicle production by 12 points.
- GAAP diluted EPS was $(0.08) vs $0.49 a year ago; adjusted diluted EPS $0.33 vs $0.73. Net loss $(2.6)M vs $14.9M income; adjusted EBITDA $45.0M (11.1% of revenue) vs $49.0M (12.7%).
- Gross margin fell to 23.3% from 24.6% on foreign exchange, higher net material costs and inflation, partly offset by operating leverage.
- Cash flow from operations $36.0M vs $87.8M; adjusted free cash flow $59.5M vs $72.3M. Secured $555M of automotive new business awards in the quarter.
- Closed the Modine Performance Technologies combination on October 1, 2026; full-year 2026 guidance was updated to include it, and the company repurchased $60M of stock in October.