Highest-materiality recent filing
Gentherm shareholders approve equity plan amendment adding 1.7M shares; elect all nine directors
Shareholders approved amendment to 2023 Equity Plan, increasing share limit by 1.7M to 5.43M shares (subject to recycling).
Gentherm Q1 revenue up 11% to $394M; adj. EPS $0.84 vs $0.51; Modine deal on track
Product revenue $393.7M (+11.3% YoY; +7.2% ex-FX); Automotive +7.7% ex-FX, outperforming production by 14pp.
Gentherm Q4 net income falls to $3M; record FY revenue $1.5B, 2026 guidance set
Q4 product revenue $382.8M (+8.5% YoY); net income $3.0M vs $15.3M a year ago.
Gentherm to combine with Modine's Performance Technologies in ~$1.0B RMT deal
Transaction valued at ~$1.0B; Gentherm shareholders to own 60%, Modine shareholders 40%.
Gentherm shareholders will own ~60%; former SpinCo shareholders ~40% post-merger, subject to tax-driven adjustment to 50.5%.
Gentherm Q3 revenue record $387M (+4.1%); adjusted EPS $0.73 vs $0.75; FY guidance raised
Record product revenue $386.9M, up 4.1% YoY; Automotive Climate revenue up 8.6%.
Gentherm Q2 revenue $375M flat YoY, net income drops to $0.5M; narrows 2025 guidance
Product revenue $375.1M (-0.2% YoY); net income $0.5M vs $18.9M prior year, hit by $18.9M unrealized FX losses.
Gentherm Q1 revenue $354M flat YoY, net loss $0.1M; adj EBITDA margin down to 11.1%
Product revenues $353.9M, down 0.6% YoY; up 0.9% ex-FX with Automotive +0.8%, Medical +5.9%.
Q4 product revenues $352.9M (-3.8% YoY); FY product revenues $1,456.1M (-0.9% YoY).
Gentherm names Bill Presley as CEO effective Jan 1, 2025; Phil Eyler departs Dec 31, 2024
Phil Eyler will resign as CEO and director Dec 31, 2024; will serve as advisor through June 2025.
Gentherm Q3 adj. EPS $0.75 vs $0.64; record $600M awards; updates FY guidance
Product revenues $371.5M (+1.5% YoY); automotive revenues outperformed light vehicle production by ~800 bps.
Gentherm CFO Matteo Anversa resigns; CEO Phillip Eyler appointed interim CFO
CFO Anversa resigned effective Sept 1, 2024 to pursue another opportunity.
Gentherm Q2 2024: Record revenue $376M, EPS $0.60 vs loss, $660M new awards
Product revenue $375.7M (+0.9% YoY); GAAP diluted EPS $0.60 vs ($0.05); adjusted EPS $0.66 vs $0.58.
Gentherm authorizes $150M stock repurchase program expiring June 2027
Board authorized new $150M common stock repurchase program, effective July 1, 2024 through June 30, 2027.
Gentherm Q1 net income up 86% YoY; secures $530M in new awards; reaffirms 2024 guidance
Product revenues of $356M down 2.1% YoY; automotive rev down 2.3% but outperformed production by 300bps.
Jonathan Douyard has been appointed to be the Executive Vice President, Chief Financial Officer and Treasurer of the Company, effective on January 1, 2025
Phillip Eyler, the Company’s President and Chief Executive Officer, and Interim Chief Financial Officer, will depart from the Company effective December 31, 2024
William T. Presley has been hired as the successor President and Chief Executive Officer of the Company, and has been appointed by the Board as a director of the Company, each effective January 1, 2025
On September 1, 2024, the board of directors of the Company (the “Board”) appointed Phillip Eyler as Interim Chief Financial Officer of the Company, effective as of September 1, 2024.
Matteo Anversa, Executive Vice President of Finance, Chief Financial Officer and Treasurer of Gentherm Incorporated (the “Company”), and serving as the Company’s principal financial officer, notified the Company on August 5, 2024 of his decision to resign from such position effective September 1, 2024 to pursue another opportunity.
On August 5, 2024, Matteo Anversa notified Gentherm Incorporated (the “Company”) of his voluntary resignation as Executive Vice President of Finance, Chief Financial Officer and Treasurer of the Company (collectively, “CFO”), effective September 1, 2024 (the “Separation Date”).
Max materiality 0.90 · Median 0.70 · Most common event earnings