secwatch.observer — SEC 8-K summary
======================================

Issuer:     Gentherm Inc (THRM)
CIK:        0000903129
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001564590-22-017660
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gentherm Q1 revenue down 7.2%; acquires Alfmeier automotive for €177.5M
-----------------------------------------------------------------------

- Revenue $267.7M, down 7.2% YoY; GAAP EPS $0.35 vs $0.99, adjusted EPS $0.41 vs $1.04.
- Gross margin fell to 24.0% from 30.4%; Adjusted EBITDA $27.0M vs $51.8M.
- Maintains 2022 guidance: revenue $1.12–1.22B, Adj EBITDA margin 14–16%.
- Acquiring Alfmeier automotive business for €177.5M cash; 2021 revenue €232M.
- Expects ~$10M annual cost savings; deal closes Q3 2022 subject to regulatory approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/903129/000156459022017660/0001564590-22-017660-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/903129/000156459022017660/thrm-8k_20220504.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-017660

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer