Gentherm Inc
THRMGentherm Inc (THRM) is a global developer and manufacturer of innovative thermal management and comfort solutions for automotive, consumer, and healthcare markets. The company is known for its advanced heated and cooled seating systems, as well as temperature management products designed to enhance comfort, safety, and energy efficiency in various applications.
Company News
Harvey Partners purchased 431,072 shares of Gentherm in Q3, increasing its stake to approximately 1 million shares valued at $34.9 million. Despite the stock being down 13% over the past year, the company reported record quarterly revenue and strong operational performance.
Gentherm reported Q2 2025 financial results with revenue of $375.1 million, slightly below previous year. Despite securing $620 million in new automotive business awards, the company experienced margin compression and reduced net income due to higher costs and currency fluctuations.
Gentherm reported Q2 2025 revenues of $375 million, secured $620 million in automotive new business awards, and maintained a measured approach amid macro uncertainties. Gross margin decreased and net income dropped compared to the previous year.
Gentherm has extended its partnership with DUOMED to offer patient temperature management technologies in France and Benelux, including Astopad® and Vytil-branded warming systems.
Gentherm announced that it has granted inducement equity awards to its newly appointed CEO and CFO, consisting of restricted stock units that vest over three years. The awards were made in accordance with the previously announced offer letters and were approved by the Compensation and Talent Committee under the Nasdaq employment inducement exempt...
