Recent Insider Transactions • Jul 31
Senior VP recently sold €178k worth of stock On the 29th of July, Wayne Kauffman sold around 5k shares on-market at roughly €37.97 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €279k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €36.00, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 12x in the Auto Components industry in Germany. Total loss to shareholders of 38% over the past three years. Reported Earnings • Jul 24
Second quarter 2026 earnings released: EPS: US$0.14 (vs US$0.016 in 2Q 2025) Second quarter 2026 results: EPS: US$0.14 (up from US$0.016 in 2Q 2025). Revenue: US$416.2m (up 11% from 2Q 2025). Net income: US$4.42m (up US$3.94m from 2Q 2025). Profit margin: 1.1% (up from 0.1% in 2Q 2025). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 9% per year. Tillkännagivande • Jul 08
Gentherm Incorporated to Report Q2, 2026 Results on Jul 23, 2026 Gentherm Incorporated announced that they will report Q2, 2026 results Pre-Market on Jul 23, 2026 Tillkännagivande • Apr 24
Gentherm Incorporated Reaffirms Earnings Guidance for the Full Year 2026 Gentherm Incorporated reaffirmed earnings guidance for the full year 2026. For 2026, the company's guidance remains unchanged and expects product revenues as of April 2026 to be $1.5 billion to $1.6 billion. Tillkännagivande • Apr 09
Gentherm Incorporated to Report Q1, 2026 Results on Apr 23, 2026 Gentherm Incorporated announced that they will report Q1, 2026 results Pre-Market on Apr 23, 2026 Tillkännagivande • Apr 02
Gentherm Incorporated, Annual General Meeting, May 14, 2026 Gentherm Incorporated, Annual General Meeting, May 14, 2026. Tillkännagivande • Feb 19
Gentherm Incorporated Provides Earnings Guidance for the Full Year of 2026 and 2027 Gentherm Incorporated provided earnings guidance for the full year of 2026 and 2027. For the full year 2026, the company expects product revenues of $1.5 billion to $1.6 billion.
For the full year 2027, the company expects product revenues of $1.7 billion. Tillkännagivande • Feb 05
Gentherm Incorporated to Report Q4, 2025 Results on Feb 19, 2026 Gentherm Incorporated announced that they will report Q4, 2025 results Pre-Market on Feb 19, 2026 Tillkännagivande • Feb 03
Gentherm Announces FDA 510(K) Submission for Innovative Technology Expected to Promote Safer Surgeries and Better Patient Outcomes Gentherm announced it submitted a 510(k) Class II premarket notification to the U.S. Food and Drug Administration (FDA) for ThermAffyx Patient Safety System, an integrated patient warming and securement system. Two leading patient safety concerns during robotic surgery are maintaining patient temperature and preventing patient movement while on the operating room table. The first of its kind ThermAffyx System combines air-free patient warming with securement technology to help prevent both hypothermia and patient movement during procedures where it is common for the patient to be positioned in Trendelenburg. Trendelenburg is a tilted, head-down position that uses gravity to shift organs in the abdomen out of the way, giving the surgeon better access. In surgical settings, inadvertent hypothermia can dramatically increase the risk of surgical complications. FDA clearance is expected within the first half of 2026. Tillkännagivande • Jan 30
Gentherm Incorporated (NasdaqGS:THRM) entered into a definitive agreement to acquire Performance Technologies business from Modine Manufacturing Company (NYSE:MOD) for approximately $760 million. Gentherm Incorporated (NasdaqGS:THRM) entered into a definitive agreement to acquire Performance Technologies business from Modine Manufacturing Company (NYSE:MOD) for approximately $760 million on January 29, 2026. The transaction is valued at approximately $1 billion: Modine shareholders set to receive approximately 21 million shares of newly issued Gentherm common stock, representing an equity consideration of approximately $790 million and Modine is expected to receive a cash distribution of $210 million from SpinCo, subject to adjustment. As a part of transaction, Modine will spin-off and simultaneously combine its Performance Technologies business (“Modine Performance Technologies” or “SpinCo”) with Gentherm in a Reverse Morris Trust (RMT) transaction that is intended to be tax-free for Modine and Modine shareholders for U.S. federal income tax purposes. Modine shareholders are expected to own approximately 40% of the combined company, and Gentherm shareholders are expected to own approximately 60% of the combined company, subject to adjustment. The merger agreement requires Gentherm to pay Modine a termination fee of $45 million if the merger agreement is terminated under certain circumstances. Gentherm/SpinCo executed a 364-day bridge loan facility commitment letter under which a financial institution committed to provide debt financing (SpinCo Bridge Facility) to fund the SpinCo cash distribution and any special dividend and related transaction expenses.
Bill Presley, Gentherm CEO and Jon Douyard, Gentherm CFO, to lead management team of combined company and Jeremy Patten will continue as President of Modine Performance Technologies. Gentherm Board of Directors will be expanded with addition of two Board nominees designated by Modine in consultation with the Gentherm Board. The combined company will continue to operate under the Gentherm name and retain its listing on the NASDAQ stock exchange under the ticker symbol THRM and will remain headquartered in Novi, Michigan, and will retain a significant presence in Modine Performance Technologies’ current locations, including its Racine Technical Center.
The RMT transaction is expected to close in the fourth quarter of calendar year 2026 subject to receipt of Gentherm shareholder approval, the completion of SpinCo financing, a customary IRS tax ruling, and customary closing conditions, including required regulatory approvals and certain tax opinions. The transaction was unanimously approved by the Boards of both Gentherm and Modine. The merger is expected to be accretive to adjusted EPS by year two.
Barclays Capital Inc. acted as financial advisor, Bradley C. Faris and Jason Morelli of Latham & Watkins LLP and Michael S. Ben and Matt VanWasshnova of Honigman LLP acted as legal advisor for Gentherm Incorporated. BofA Securities, Inc. acted as financial advisor and Andrew Kaplan of Gibson, Dunn & Crutcher LLP acted as legal advisor for Modine Manufacturing Company. Tillkännagivande • Oct 23
Gentherm Incorporated Raises Earnings Guidance for the Full Year 2025 Gentherm Incorporated raised earnings guidance for the full year 2025. For the year, the company now expected product revenues to be in the range of $1.47 billion to $1.49 billion against previously expected range of $1.43 billion to $1.5 billion. Tillkännagivande • Oct 09
Gentherm Incorporated to Report Q3, 2025 Results on Oct 23, 2025 Gentherm Incorporated announced that they will report Q3, 2025 results on Oct 23, 2025 Tillkännagivande • Jul 24
Gentherm Incorporated Revises Earnings Guidance for the Full Year 2025 Gentherm Incorporated revised earnings guidance for the full year 2025. For the year, the company revises product revenues between $1.43 billion and $1.5 billion compared to $1.4 billion and $1.5 billion previous guidance. Tillkännagivande • Jul 10
Gentherm Incorporated to Report Q2, 2025 Results on Jul 24, 2025 Gentherm Incorporated announced that they will report Q2, 2025 results on Jul 24, 2025 Tillkännagivande • Apr 24
Gentherm Incorporated Provides Earnings Guidance for the Full Year 2025 Gentherm Incorporated provided earnings guidance for the full year 2025. For the year, the company expects Product revenues between $1.4 billion and $1.5 billion. Tillkännagivande • Apr 15
Gentherm Incorporated to Report Q1, 2025 Results on Apr 24, 2025 Gentherm Incorporated announced that they will report Q1, 2025 results on Apr 24, 2025 Tillkännagivande • Mar 28
Gentherm Incorporated, Annual General Meeting, May 08, 2025 Gentherm Incorporated, Annual General Meeting, May 08, 2025. Tillkännagivande • Jan 31
Gentherm Incorporated to Report Q4, 2024 Results on Feb 19, 2025 Gentherm Incorporated announced that they will report Q4, 2024 results on Feb 19, 2025 Tillkännagivande • Nov 09
Gentherm Announces CEO Succession in 2025 Gentherm Incorporated announced its planned CEO succession, effective January 1, 2025. Gentherm’s current President and Chief Executive Officer, Phillip Eyler, will be succeeded by William (“Bill”) Presley, who currently serves as Vice Chairman and Chief Operating Officer of Aptiv PLC, and will become the next President and CEO of Gentherm. Mr. Presley will also be appointed by the Board to fill the vacancy following Mr. Eyler’s resignation from the Board. Mr. Eyler has agreed to remain as an advisor to Mr. Presley and the company through June 30, 2025. Tillkännagivande • Nov 08
Gentherm Incorporated Appoints William (“Bill”) Presley as President Gentherm Incorporated announced that William (“Bill”) Presley, who currently serves as Vice Chairman and Chief Operating Officer of Aptiv PLC, and will become the next President of Gentherm. Mr. Presley will also be appointed by the Board to fill the vacancy following Mr. Eyler’s resignation from the Board. Mr. Eyler has agreed to remain as an advisor to Mr. Presley and the company through June 30, 2025. Tillkännagivande • Nov 02
Gentherm Incorporated Updates Earnings Guidance for the Full Year 2024 Gentherm Incorporated updated earnings guidance for the full year 2024. For the year, the company expects product revenue of $1.45 billion – $1.47 billion as compared to pervious guidance of Low end of $1.5 billion – $1.6 billion . Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: US$0.51 (vs US$0.48 in 3Q 2023) Third quarter 2024 results: EPS: US$0.51 (up from US$0.48 in 3Q 2023). Revenue: US$371.5m (up 1.5% from 3Q 2023). Net income: US$16.0m (flat on 3Q 2023). Profit margin: 4.3% (in line with 3Q 2023). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Tillkännagivande • Oct 10
Gentherm Incorporated to Report Q3, 2024 Results on Oct 30, 2024 Gentherm Incorporated announced that they will report Q3, 2024 results on Oct 30, 2024 Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: US$0.60 (vs US$0.047 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.60 (up from US$0.047 loss in 2Q 2023). Revenue: US$375.7m (flat on 2Q 2023). Net income: US$18.9m (up US$20.4m from 2Q 2023). Profit margin: 5.0% (up from net loss in 2Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Tillkännagivande • Jul 31
Gentherm Incorporated Provides Earnings Guidance for the Full Year 2024 Gentherm Incorporated provided earnings guidance for the full year 2024. For the period, the company expects product revenues to low end of range compared to initial guidance between $1.5 billion and $1.6 billion. Tillkännagivande • Jul 11
Gentherm Incorporated to Report Q2, 2024 Results on Jul 31, 2024 Gentherm Incorporated announced that they will report Q2, 2024 results on Jul 31, 2024 Tillkännagivande • Jun 06
Gentherm Incorporated (NasdaqGS:THRM) announces an Equity Buyback for $150 million worth of its shares. Gentherm Incorporated (NasdaqGS:THRM) announces a share repurchase program. Under the program, the company will repurchase up to $150 million worth of its common stock. The program will be funded from cash on hand, available borrowings or proceeds from potential debt or other capital markets sources. The program is valid for a period 3 years, until June 30, 2027. Buy Or Sell Opportunity • May 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 13% to €44.40. The fair value is estimated to be €55.56, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 51%. Revenue is forecast to grow by 7.3% in a year. Earnings are forecast to grow by 94% in the next year. Tillkännagivande • Apr 30
Gentherm Incorporated Reaffirms Earnings Guidance for the Full Year 2024 Gentherm Incorporated reaffirmed earnings guidance for the full year 2024. For the year, the company expects Product revenues between $1.5 billion and $1.6 billion, based on the current forecast of customer orders, light vehicle production in the Company’s key markets declining at a low single digit rate, and a EUR to USD exchange rate of $1.10/Euro. Reported Earnings • Apr 30
First quarter 2024 earnings released: EPS: US$0.47 (vs US$0.24 in 1Q 2023) First quarter 2024 results: EPS: US$0.47 (up from US$0.24 in 1Q 2023). Revenue: US$356.0m (down 2.1% from 1Q 2023). Net income: US$14.8m (up 86% from 1Q 2023). Profit margin: 4.2% (up from 2.2% in 1Q 2023). Revenue is forecast to grow 7.9% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Tillkännagivande • Apr 11
Gentherm Incorporated to Report Q1, 2024 Results on Apr 30, 2024 Gentherm Incorporated announced that they will report Q1, 2024 results on Apr 30, 2024 Tillkännagivande • Apr 05
Gentherm Incorporated, Annual General Meeting, May 16, 2024 Gentherm Incorporated, Annual General Meeting, May 16, 2024, at 08:30 US Eastern Standard Time. Agenda: To elect nine directors named in the accompanying proxy statement, each to serve for a one-year term until the 2025 annual meeting of shareholders and until a successor has been duly elected and qualified, or until such director's earlier resignation, retirement or other termination of service; to ratify the appointment of Ernst & Young LLP as independent registered public accounting firm for the year ending December 31, 2024; to approve (on an advisory basis) the compensation of named executive officers; and to transact any other business that may properly come before the meeting or any postponement or adjournment of the meeting. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$1.23 (vs US$0.74 in FY 2022) Full year 2023 results: EPS: US$1.23 (up from US$0.74 in FY 2022). Revenue: US$1.47b (up 22% from FY 2022). Net income: US$40.3m (up 65% from FY 2022). Profit margin: 2.7% (up from 2.0% in FY 2022). Revenue is forecast to grow 7.4% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 49% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Tillkännagivande • Feb 21
Gentherm Incorporated Provides Earnings Guidance for the Full Year 2024 and the Year 2026 Gentherm Incorporated provided earnings guidance for the full year 2024 and the year 2026. For the year, the company expects Product revenues between $1.5 billion and $1.6 billion, based on the current forecast of customer orders, light vehicle production in the Company’s key markets declining at a low single digit rate, and a EUR to USD exchange rate of $1.10/Euro.For the year 2026, the company expects Product Revenues between $1.9 billion and $2.0 billion. Tillkännagivande • Jan 26
Gentherm Incorporated to Report Q4, 2023 Results on Feb 21, 2024 Gentherm Incorporated announced that they will report Q4, 2023 results on Feb 21, 2024 Tillkännagivande • Dec 06
Gentherm Appoints Laura Kowalchik as New Independent Director Gentherm announced that Laura Kowalchik has been appointed to the Company’s Board of Directors as New Independent Director, effective December 1, 2023. Kowalchik is the Chief Financial Officer of Communications & Power Industries LLC where she oversees the finance and accounting departments and is actively involved in strategy, M&A and restructuring activities. Prior to joining CPI, Kowalchik served as the Chief Financial Officer of Dayco Incorporated, a global manufacturer and distributor of engine drive systems and aftermarket services for automotive, heavy-duty, and industrial markets. Before Dayco, she served as the Chief Financial Officer of Kenwal Steel Corp., a flat rolled steel service center primarily for the automotive industry. Kowalchik served as the Chief Financial Officer and Treasurer of Urban Science, a global automotive consultancy and technology firm, prior to joining Kenwal Steel, where she was responsible for transforming the finance organization. Kowalchik currently serves on the Board of Trustees of The Children’s Foundation, and its Finance and Audit Committee. She has a Bachelor of Science in Business Administration from the University of Richmond and a Master of Business Administration from Indiana University. Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to €37.40, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 8x in the Auto Components industry in Germany. Total loss to shareholders of 10% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €55.36 per share. Tillkännagivande • Oct 29
Gentherm Incorporated Revises Financial Guidance for the Year 2023 Gentherm Incorporated revised financial guidance for the year 2023. For the year, the company expects product revenues to be in the range of $1.45 billion to $1.47 billion against previous forecast of $1.45 billion to $1.55 billion. Buying Opportunity • Oct 27
Now 30% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be €59.88, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has declined by 42%. Revenue is forecast to grow by 18% in 2 years. Earnings is forecast to grow by 504% in the next 2 years. Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: US$0.48 (vs US$0.30 in 3Q 2022) Third quarter 2023 results: EPS: US$0.48 (up from US$0.30 in 3Q 2022). Revenue: US$366.2m (up 10.0% from 3Q 2022). Net income: US$15.8m (up 61% from 3Q 2022). Profit margin: 4.3% (up from 3.0% in 3Q 2022). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Tillkännagivande • Oct 10
Gentherm Incorporated to Report Q3, 2023 Results on Oct 26, 2023 Gentherm Incorporated announced that they will report Q3, 2023 results at 6:00 AM, US Eastern Standard Time on Oct 26, 2023 Tillkännagivande • Oct 05
Gentherm Appoints Ken Washington to the Board of Directors, Effective October 2, 2023 Gentherm announced that Dr. Ken Washington has been appointed to the Company’s Board of Directors, effective October 2, 2023. Dr. Washington is the Senior Vice President, Chief Technology and Innovation Officer of Medtronic plc. He was appointed to this position in June 2023, and he leads innovation and the expansion of technology platforms across Medtronic’s portfolio. Prior to joining Medtronic, Dr. Washington served as the Vice President of Software Engineering, Consumer Robotics for Amazon Lab126, a premier innovation hub and subsidiary of Amazon.com Inc. At Amazon Lab 126, Dr. Washington was responsible for all aspects of the profitability of Amazon’s consumer robotics business unit. Before Amazon Lab 126, he held varying positions at Ford Motor Company, including serving as Chief Technology Officer. At Ford, he led the worldwide research organization, oversaw the development and implementation of Ford’s technology strategy and plans, oversaw the autonomous vehicle program, and played a key role in Ford’s expansion into emerging mobility opportunities. Dr. Washington worked at Lockheed Martin Corporation as Vice President of the Advanced Technology Center and its first Chief Privacy Officer. Dr. Washington also served for approximately 21 years in various roles at Sandia National Laboratories, including as Chief Information Officer. Dr. Washington previously served as a member of the Board of Directors of McKesson Corporation from July 2019 to October 2021, including as a member of the Compliance and Finance Committees, as well as numerous private company boards and advisory boards of academic institutions. Dr. Washington earned his bachelor’s, master’s, and doctorate degrees in nuclear engineering from Texas A&M University. Board Change • Sep 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Independent Director Elizabeth Meter was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Aug 17
Gentherm Names Vishnu Sundaram as Senior Vice President and Chief Technology Officer, Effective from September 5, 2023 Gentherm announced that Vishnu Sundaram will join the Company’s leadership team as Senior Vice President and Chief Technology Officer on September 5, 2023. In this role, Sundaram will lead Gentherm’s technology strategy, advanced product engineering, longer term R&D, and the Company’s partnership ecosystem to continue Gentherm’s heritage of introducing innovations in Climate Comfort, Pneumatic Lumbar and Massage, Battery Performance Solutions (BPS), Electronics and Software systems, and Patient Thermal Solutions. Sundaram will report to Gentherm’s President and CEO, Phil Eyler. Sundaram comes to Gentherm from Stellantis, where he was the Senior Vice President, Head of Cockpit Connected Services. As a driving force at Stellantis, he was instrumental in the automakers’ development in becoming a leader in the connected cabin experience. He led global development and drove platform-oriented creation of Cockpit, Connectivity and Cloud products and solutions. Buying Opportunity • Aug 10
Now 22% undervalued Over the last 90 days, the stock is up 6.6%. The fair value is estimated to be €72.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has declined by 26%. Revenue is forecast to grow by 12% in a year. Earnings is forecast to grow by 584% in the next year. New Risk • Aug 02
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 52% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (0.9% net profit margin). Reported Earnings • Aug 02
Second quarter 2023 earnings released: US$0.047 loss per share (vs US$0.21 profit in 2Q 2022) Second quarter 2023 results: US$0.047 loss per share (down from US$0.21 profit in 2Q 2022). Revenue: US$372.3m (up 43% from 2Q 2022). Net loss: US$1.55m (down 122% from profit in 2Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Tillkännagivande • Jul 18
Gentherm Incorporated to Report Q2, 2023 Results on Aug 01, 2023 Gentherm Incorporated announced that they will report Q2, 2023 results at 6:00 AM, US Eastern Standard Time on Aug 01, 2023 Recent Insider Transactions • May 07
Insider recently sold €203k worth of stock On the 3rd of May, Barbara Runyon sold around 4k shares on-market at roughly €54.13 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €994k more than they bought in the last 12 months. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.24 (vs US$0.36 in 1Q 2022) First quarter 2023 results: EPS: US$0.24 (down from US$0.36 in 1Q 2022). Revenue: US$363.6m (up 36% from 1Q 2022). Net income: US$7.96m (down 32% from 1Q 2022). Profit margin: 2.2% (down from 4.4% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$0.74 (vs US$2.82 in FY 2021) Full year 2022 results: EPS: US$0.74 (down from US$2.82 in FY 2021). Revenue: US$1.20b (up 15% from FY 2021). Net income: US$24.4m (down 74% from FY 2021). Profit margin: 2.0% (down from 8.9% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 02
Gentherm Incorporated Announces Resignation of Matt Fisch as Senior Vice President, Chief Technology Officer, Effective February 10, 2023 Gentherm Incorporated announced that on January 25, 2023, Matt Fisch, Senior Vice President, Chief Technology Officer of 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. Tillkännagivande • Jan 31
Gentherm Incorporated to Report Q4, 2022 Results on Feb 22, 2023 Gentherm Incorporated announced that they will report Q4, 2022 results at 6:00 AM, US Eastern Standard Time on Feb 22, 2023 Tillkännagivande • Jan 22
Gentherm Incorporated Announces Resignation of Yvonne Hao as Member of Board On January 16, 2023, in connection with her appointment as the Secretary of the Executive Office of Economic Development of the Commonwealth of Massachusetts, 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. Ms. Hao’s resignation was not a result of any disagreement on any matter relating to the Company’s operations, policies, or practices. Recent Insider Transactions • Dec 11
Senior VP recently sold €68k worth of stock On the 9th of December, Thomas Stocker sold around 1k shares on-market at roughly €68.07 per share. This transaction amounted to 49% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €167k. Insiders have been net sellers, collectively disposing of €791k more than they bought in the last 12 months. Recent Insider Transactions • Nov 25
Insider recently sold €167k worth of stock On the 22nd of November, Rafael Barkas sold around 2k shares on-market at roughly €70.69 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.5m more than they bought in the last 12 months. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.30 (vs US$0.47 in 3Q 2021) Third quarter 2022 results: EPS: US$0.30 (down from US$0.47 in 3Q 2021). Revenue: US$333.0m (up 37% from 3Q 2021). Net income: US$9.83m (down 37% from 3Q 2021). Profit margin: 3.0% (down from 6.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.30 (vs US$0.47 in 3Q 2021) Third quarter 2022 results: EPS: US$0.30 (down from US$0.47 in 3Q 2021). Revenue: US$333.0m (up 37% from 3Q 2021). Net income: US$9.83m (down 37% from 3Q 2021). Profit margin: 3.0% (down from 6.4% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Auto Components industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 15% per year. Tillkännagivande • Nov 03
Gentherm Incorporated Provides Revenue Guidance Full-Year 2022 Gentherm Incorporated provided revenue guidance full-year 2022. For the period, the company expects product revenues between $1.15 billion and $1.25 billion, based on the current forecast of customer orders, supply chain constraints, estimated recovery of industry-wide semiconductor supply, light vehicle production in the Company’s key markets growing at a low single-digit rate in 2022 versus 2021 and current foreign exchange rates. Tillkännagivande • Oct 13
Gentherm Incorporated to Report Q3, 2022 Results on Nov 02, 2022 Gentherm Incorporated announced that they will report Q3, 2022 results at 6:00 AM, US Eastern Standard Time on Nov 02, 2022 Recent Insider Transactions • Aug 24
President recently sold €259k worth of stock On the 22nd of August, Phillip Eyler sold around 4k shares on-market at roughly €62.20 per share. This was the largest sale by an insider in the last 3 months. Phillip has been a seller over the last 12 months, reducing personal holdings by €1.0m. Tillkännagivande • Aug 10
Gentherm Incorporated Appoints Nicholas Breisacher as its Chief Accounting Officer Gentherm Incorporated announced that Nicholas Breisacher, age 39, was appointed as the Chief Accounting Officer of the Company, effective immediately. Mr. Breisacher served as the Company’s Director of Financial Reporting since April 2019. Previously, he held several positions over approximately 13 years at Ernst & Young, LLP. He served as a Senior Manager, Assurance Services from October 2014 to April 2019. During such time, he was responsible for numerous public and private companies across various industries, primarily global automotive component suppliers and medical device suppliers. At Ernst & Young, LLP, he had extensive experience with U.S. GAAP and SEC reporting, internal control over financial reporting, and coordinating global audits. Mr. Breisacher holds a Master of Science in Accounting and a Bachelor of Arts in Accounting from the Eli Broad College of Business at Michigan State University. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: US$0.21 (vs US$0.75 in 2Q 2021) Second quarter 2022 results: EPS: US$0.21 (down from US$0.75 in 2Q 2021). Revenue: US$260.7m (down 2.0% from 2Q 2021). Net income: US$7.07m (down 72% from 2Q 2021). Profit margin: 2.7% (down from 9.3% in 2Q 2021). The decrease in margin was primarily driven by higher expenses. Over the next year, revenue is forecast to grow 24%, compared to a 10% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Aug 02
Gentherm Incorporated (NasdaqGS:THRM) acquired automotive business from Alfmeier PrÄZision Se for approximately €180 million. Gentherm Incorporated (NasdaqGS:THRM) entered into a definitive purchase agreement to acquire automotive business from Alfmeier PrÄZision Se for approximately €180 million on April 29, 2011. The consideration will be paid in cash, subject to adjustments. The transaction will be funded through a combination of Gentherm’s existing cash balances and revolving credit facility. The members of the Alfmeier team will become part of the Gentherm family. Alfmeier’s automotive business generated €232 million in revenue for 2021. The transaction, subject to regulatory approvals and other customary closing conditions, is expected to close during the third quarter of 2022. In addition to revenue synergies, the Gentherm expects to achieve approximately €9.5 million in annual run-rate cost savings. Guggenheim Securities, LLC acted as financial advisor, Honigman LLP and Gleiss Lutz acted as legal advisors to the Gentherm.
Gentherm Incorporated (NasdaqGS:THRM) completed the acquisition of automotive business from Alfmeier PrÄZision Se on August 1, 2022. Tillkännagivande • Jul 12
Gentherm Incorporated Announces Management Changes 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”). Ms. Zoldos will continue to perform her duties as CAO until that date. Effective the Separation Date, Matteo Anversa, Chief Financial Officer, will assume the role of principal accounting officer until the Company identifies Ms. Zoldos’ successor. Tillkännagivande • Jul 09
Gentherm Incorporated to Report Q2, 2022 Results on Aug 02, 2022 Gentherm Incorporated announced that they will report Q2, 2022 results at 6:00 AM, US Eastern Standard Time on Aug 02, 2022 Recent Insider Transactions • Jun 18
Senior VP recently sold €168k worth of stock On the 15th of June, Thomas Stocker sold around 3k shares on-market at roughly €67.35 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.1m more than they bought in the last 12 months. Tillkännagivande • May 06
Gentherm Incorporated (NasdaqGS:THRM) entered into a definitive purchase agreement to acquire automotive business from Alfmeier PrÄZision Se for approximately €180 million. Gentherm Incorporated (NasdaqGS:THRM) entered into a definitive purchase agreement to acquire automotive business from Alfmeier PrÄZision Se for approximately €180 million on April 29, 2011. The consideration will be paid in cash, subject to adjustments. The transaction will be funded through a combination of Gentherm’s existing cash balances and revolving credit facility. The members of the Alfmeier team will become part of the Gentherm family. Alfmeier’s automotive business generated €232 million in revenue for 2021. The transaction, subject to regulatory approvals and other customary closing conditions, is expected to close during the third quarter of 2022. In addition to revenue synergies, the Gentherm expects to achieve approximately €9.5 million in annual run-rate cost savings. Guggenheim Securities, LLC acted as financial advisor, Honigman LLP and Gleiss Lutz acted as legal advisors to the Gentherm. Reported Earnings • May 05
First quarter 2022 earnings released: EPS: US$0.36 (vs US$1.00 in 1Q 2021) First quarter 2022 results: EPS: US$0.36 (down from US$1.00 in 1Q 2021). Revenue: US$267.7m (down 7.2% from 1Q 2021). Net income: US$11.7m (down 64% from 1Q 2021). Profit margin: 4.4% (down from 11% in 1Q 2021). Over the next year, revenue is forecast to grow 14%, compared to a 9.3% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Tillkännagivande • May 05
Gentherm Incorporated Provides Earnings Guidance for the Full Year 2022 Gentherm Incorporated provided earnings guidance for the full year 2022. The company maintains its full-year 2022 guidance that was initially provided on its year-end 2021 earnings release on February 17, 2022, excluding any impact from the announced acquisition of Alfmeier: Product revenues between $1.12 billion and $1.22 billion, based on the current forecast of customer orders, supply chain constraints, estimated recovery of industry-wide semiconductor supply, light vehicle production in the company’s key markets growing at a low single-digit rate in 2022 versus 2021 and current foreign exchange rates. Tillkännagivande • Apr 22
Gentherm Incorporated, Annual General Meeting, Jun 02, 2022 Gentherm Incorporated, Annual General Meeting, Jun 02, 2022, at 08:30 Eastern Daylight. Agenda: To elect nine directors named in the accompanying proxy statement, each to serve for a one-year term until the 2023 annual meeting of shareholders and until a successor has been duly elected and qualified, or until such director’s earlier resignation, retirement or other termination of service; to ratify the appointment of ernst & young llp as independent registered public accounting firm for the year ending december 31, 2022; to approve (on an advisory basis) the compensation of named executive officers; and to transact any other business that may properly come before the meeting or any postponement or adjournment of the meeting. Tillkännagivande • Apr 12
Gentherm Incorporated to Report Q1, 2022 Results on May 04, 2022 Gentherm Incorporated announced that they will report Q1, 2022 results at 6:00 AM, US Eastern Standard Time on May 04, 2022 Valuation Update With 7 Day Price Move • Mar 08
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €63.00, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 8x in the Auto Components industry in Germany. Total returns to shareholders of 86% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €47.46 per share. Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$2.82 (up from US$1.83 in FY 2020). Revenue: US$1.05b (up 15% from FY 2020). Net income: US$93.4m (up 56% from FY 2020). Profit margin: 8.9% (up from 6.5% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.5%. Over the next year, revenue is forecast to grow 10% compared to a 2.9% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Feb 18
Gentherm Incorporated Provides Earnings Guidance for the Full-Year 2022 Gentherm Incorporated provided earnings guidance for the full-year 2022. For the year, the company expected product revenues between $1.12 billion and $1.22 billion, based on the current forecast of customer orders, supply chain constraints, estimated recovery of industry-wide semiconductor supply, light vehicle production in the Company’s key markets growing at a high single-digit rate in 2022 versus 2021 and current foreign exchange rates. Recent Insider Transactions • Dec 05
President recently sold €306k worth of stock On the 2nd of December, Phillip Eyler sold around 4k shares on-market at roughly €76.62 per share. This was the largest sale by an insider in the last 3 months. This was Phillip's only on-market trade for the last 12 months. Reported Earnings • Oct 31
Third quarter 2021 earnings released: EPS US$0.47 (vs US$0.74 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$243.4m (down 6.2% from 3Q 2020). Net income: US$15.7m (down 35% from 3Q 2020). Profit margin: 6.4% (down from 9.3% in 3Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €63.50, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 11x in the Auto Components industry in Germany. Total returns to shareholders of 65% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.21 per share.