Highest-materiality recent filing
Gentherm Q2 revenue record $416M, raises FY2026 guidance, authorizes $400M buyback
Q2 revenue $416.2M, up 11% YoY (9.5% ex-FX); net income $4.4M vs $0.5M; adjusted EPS $0.75 vs $0.54.
Gentherm enters $550M secured revolving credit facility, amends prior agreement
$550M secured revolving credit facility with $50M swing line and $30M letter of credit sublimits.
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.
Gentherm reports record annual revenue of $1.5B; Q4 adj EPS $0.90, FY adj EPS $2.59
Record product revenues of $1,469.1M in 2023 (+21.9% YoY); Automotive revenues up 22.5%.
Gentherm extends stock buyback to June 2024, launches $60M accelerated share repurchase
Board extended 2020 repurchase program to June 30, 2024; ~$97M remained as of Oct 31.
Gentherm Q3 product revenue $366.2M (+10% YoY); adjusted EPS $0.64 vs $0.70; record $520M in awards
Product revenues of $366.2M, up 10% YoY; auto revenues +10%, organic +3.1% ex-forex and Alfmeier.
Gentherm approves restructuring to move Greenville, SC manufacturing to Monterrey, Mexico
Restructuring costs estimated at $14M-$18M ($14M-$17M cash); annual benefits of $5M-$6M expected.
Gentherm Q2 revenue $372.3M (+42.8% YoY); adjusted EPS $0.58 vs $0.25; record awards $670M
Record quarterly product revenue of $372.3M, up 42.8% YoY (43.4% constant currency); automotive revenue +45.1%.
Gentherm posts record Q1 revenue $363.6M (+35.9% YoY); adjusted EPS $0.49 beats prior year
GAAP diluted EPS $0.24 vs $0.35 YoY; adjusted diluted EPS $0.49 vs $0.41.
Q4 product revenues $343.3M, up 38.3% YoY; organic growth 20.9%.
Gentherm to exit non-automotive electronics business, expects $13M-$18M in impairment charges
Board approved plan to exit non-automotive electronics business; evaluating sale or wind-down over 8-12 months.
Gentherm Q3 revenue record $333M; adj EPS $0.70 beats prior year $0.51
Product revenue $333.0M (+36.8% YoY); organic revenue $290.4M (+27.0% ex-FX and acquisitions).
Gentherm Q2 GAAP EPS $0.21 (adj $0.25); revenue down 2% YoY; guides FY $1.15B-$1.25B
GAAP EPS $0.21 vs $0.74; adjusted EPS $0.25 vs $0.85. Gross margin 22.8% (down from 29.8%).
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.
Gentherm reports record FY2021 revenue, adjusted EBITDA; Q4 revenue down 14%
Full-year product revenue $1,046.2M (+14.6% YoY); GAAP EPS $2.79 vs $1.81.
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”).
Immediately thereafter, the Board appointed Laura Kowalchik to fill the vacancy created by such increase, effective December 1, 2023
Immediately thereafter, the Board appointed Kenneth Washington, Ph.D. to fill the vacancy created by such increase, effective October 2, 2023, to serve a term expiring at the Company’s 2024 annual meeting of shareholders and until a successor has been duly elected and qualified, or until his earlier resignation, retirement or other termination of service.
On January 25, 2023, Matt Fisch, Senior Vice President, Chief Technology Officer of Gentherm Incorporated (the “Company”), informed the Company of his resignation from the Company, effective February 10, 2023, to become the chief executive officer of a public company that does not compete with the Company.
Yvonne Hao, a member of the Board of Directors (the “Board”) of Gentherm Incorporated (the “Company”), informed the Board of her resignation from the Board effective immediately.
On August 5, 2022, Gentherm Incorporated (the “Company”) announced that Nicholas Breisacher, age 39, was appointed as the Chief Accounting Officer of the Company, effective immediately.
On July 7, 2022, Jennifer L. Zoldos notified Gentherm Incorporated (the “Company”) of her decision to resign as Chief Accounting Officer (“CAO”), effective July 31, 2022 (the “Separation Date”).
Max materiality 0.90 · Median 0.65 · Most common event earnings