☒ Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2025 OR ☐ Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) For the transition period from to . Commission File Number: 0-21810 GENTHERM INCORPORATED (Exact name of registrant as specified in its charter) Michigan 95-4318554 (State or other jurisdic ...

Forward-Looking Statements Except for historical information contained herein, statements in this presentation are forward-looking statements that are made by Gentherm Incorporated (the "Company") pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements that address future operating, financial or business performance or strategies or expectations are forward-looking statements. The forward-looking statements included in this presentation are made as of t ...

Gentherm (THRM) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 6.25%. A quarter ago, it was expected that this maker of climate-controlled seats and other products would post earnings of $0.68 per share when it actually produced earnings of $0.29, delivering a surprise of -57.35%.Ove ...

Delivered Revenue of $354 million, up +1% ex-FX, led by Strong Lumbar and Massage Comfort Solutions Growth Secured $400 million of Automotive New Business Awards including Key Conquest Wins Commenced Shipment of Customer Approved Production Components from New Morocco Facility 2025 Full Year Revenue Guidance Remains Unchanged, Adjusted EBITDA Margin Range Expanded NOVI, Mich., April 24, 2025 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management and pneumatic com ...

Core Viewpoint - Gentherm, a leader in thermal management and comfort technologies, is set to report its Q1 2025 financial results on April 24, 2025, followed by a conference call at 8 am ET to discuss these results [1]. Financial Results Announcement - The financial results for the first quarter of 2025 will be reported on April 24, 2025 [1]. - A conference call to discuss the results will take place at 8 am ET on the same day [1]. Conference Call Details - Toll-free dial-in number for the conference call is 1-877-407-4018, and the international dial-in number is 1-201-689-8471 [2]. - The conference ID number for the call is 13753379 [2]. - A live webcast and a one-year archived replay of the call will be available on Gentherm's Investor Relations website [2]. Telephonic Replay Information - A telephonic replay will be available approximately two hours after the call by dialing 1-844-512-2921 for domestic callers and 1-412-317-6671 for international callers [3]. - The passcode for both the live call and the replay is 13753379 [3]. - The replay will be accessible until 11:59 p.m. ET on May 8, 2025 [3]. Company Overview - Gentherm is a global market leader in thermal management and pneumatic comfort technologies, with a diverse range of automotive and medical products [4]. - Automotive products include Climate Control Seats, heated interior systems, battery performance solutions, and various electronic devices [4]. - The company employs over 14,000 individuals across multiple countries, including the United States, Germany, China, and others [4].

NOVI, Mich., March 25, 2025 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, today published its 2024 Sustainability Report. The report highlights Gentherm's key areas of focus: People, Planet and Products, and provides updates on previously established environmental performance metrics. "Gentherm's success is built on innovation, dedication and the pursuit of excellence. Over the past year, we made significant progress i ...

NOVI, Mich., March 25, 2025 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, today published its 2024 Sustainability Report. The report highlights Gentherm’s key areas of focus: People, Planet and Products, and provides updates on previously established environmental performance metrics. “Gentherm’s success is built on innovation, dedication and the pursuit of excellence. Over the past year, we made significant progress i ...

NOVI, Mich., Feb. 24, 2025 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), a global market leader of innovative thermal management and pneumatic comfort technologies, today announced that the Compensation and Talent Committee (the "Committee") of the Board of Directors has granted inducement equity awards to newly appointed William Presley, President and Chief Executive Officer, and Jonathan Douyard, Executive Vice President, Chief Financial Officer and Treasurer, each effective February 24, 2025. The awards we ...

Group 1 - Gentherm Incorporated experienced a negative impact on February 19th, affecting its shareholders [1] - The company is recognized as a global developer and marketer of thermal management technologies and other products [1] Group 2 - Crude Value Insights provides an investment service focused on oil and natural gas, emphasizing cash flow and growth prospects [2]

Revenue Contribution - Gentherm's Climate Control Seats® contributed 32%, 33%, and 35% to total product revenues for the years ended December 31, 2024, 2023, and 2022, respectively [47]. - Sales of CCS Heat products accounted for 20%, 21%, and 24% of total product revenues for the years ended December 31, 2024, 2023, and 2022, respectively [48]. - Gentherm's total product revenues for 2024 were significantly impacted by its two largest customers, Lear Corporation and Adient plc, generating $231 million (16%) and $157 million (11%) respectively [66]. - The company's product revenues were distributed among various OEMs, with General Motors at 13%, Volkswagen at 12%, and Hyundai at 9% for 2024 [69]. - The top two customers, Lear and Adient, comprised 16% and 11% of product revenues, respectively, for the year ended December 31, 2024 [95]. - Approximately 66% of product revenues to Lear and Adient was sourced directly by OEMs, with General Motors and Volkswagen representing 13% and 12% of total product revenues [95]. - In 2024, 65% of product revenue was generated from sales to customers outside the United States, indicating significant international exposure [128]. - Over 15% of 2024 product revenue was generated from sales to customers in China, highlighting the importance of the Chinese market [130]. Product Development and Innovation - The company is developing WellSense, a software-defined consumer experience aimed at enhancing in-cabin comfort and wellness, expected to launch in January 2024 [44]. - Gentherm's ComfortScale™ system is designed to improve performance and reduce complexity, labor, and logistics costs, with its first award secured for General Motor's future full-size truck platform [42]. - Gentherm's pneumatic lumbar and massage comfort solutions utilize shape memory alloy technology for improved comfort and efficiency [39]. - Gentherm's thermal management systems are critical for the performance of advanced automotive batteries, addressing the growing demand for electric vehicles [57]. - The company has developed the PilotSense technology to ensure driver control in vehicles with autonomous driving capabilities, enhancing safety measures [55]. - Gentherm's proprietary Battery Thermal Management system maintains optimal battery temperatures without the use of chilled liquids, making it a lightweight and scalable solution [57]. - Gentherm is developing new technologies and products, such as ClimateSense, WellSense, and ComfortScale, to enhance user experience and address health and wellness trends [209]. Market and Competitive Landscape - The automotive supply industry remains highly competitive, with Gentherm facing challenges from both traditional suppliers and OEMs capable of manufacturing similar products [74]. - The automotive segment represents 97% of the company's product revenues for the years ended December 31, 2024, 2023, and 2022 [112]. - The company is experiencing increased competition from Chinese-based component suppliers, which are expanding in key global markets, including Europe and North America [94]. - The automotive supply market in China is highly competitive, with domestic OEMs expanding their market share, leading to revenue declines for non-Chinese OEMs [113]. - Recent global economic conditions have led to significant volatility, inflationary pressures, and supply chain disruptions affecting the automotive industry [211]. Operational Challenges - Labor shortages and work stoppages have periodically disrupted operations, impacting financial performance due to increased labor and related operating costs [100]. - The global automotive supply chain is facing raw material and component shortages, manufacturing disruptions, and inflationary pressures, which are expected to continue affecting profitability [117]. - The company has been awarded record new business awards in recent years, enhancing risks related to actual sales volumes not meeting projections [134]. - The company is in the early stages of incorporating automation and artificial intelligence into its operations, facing significant competitive and operational risks [143]. - The ongoing conflict in Ukraine has led to increased costs and potential disruptions in operations, impacting financial results and stock price [116]. Financial Performance and Risks - The company has experienced margin pressure due to rising prices of components and raw materials, including semiconductor chips and petroleum-based materials [118]. - The company relies on projected future sales volume, which is highly dependent on customer information and market data, making it vulnerable to inaccuracies [133]. - The company manages its business based on projected future sales volumes influenced by awarded business and customer forecasts, with no guaranteed sales volumes [134]. - The company may incur significant costs related to compliance with environmental laws and regulations, which could adversely affect financial condition and results of operations [165]. - The company faces risks related to defects or quality issues in its automotive and medical products, which could lead to product liability claims and recalls [150]. - The company is involved in various legal and regulatory proceedings that could adversely affect financial performance [166]. - The company may not be able to realize the expected benefits of its restructuring actions, which could adversely affect profitability and operations [167]. Corporate Governance and Financial Management - The Audit Committee oversees the Company's significant financial risk exposures, including those related to cybersecurity threats [188]. - The company is subject to significant foreign currency risk due to a substantial portion of global transactions being conducted in currencies other than the U.S. Dollar [168]. - The total consolidated indebtedness of the company was $220.2 million, with $280.0 million available for additional borrowings under the Second Amended and Restated Credit Agreement [170]. - As of December 31, 2024, the company had approximately $54.2 million in net deferred tax assets, including a $25.3 million valuation allowance [156]. - The company has not paid any cash dividends since formation and does not expect to pay any in the foreseeable future [198]. - The Company repurchased shares for $20.0 million in the open market and approximately $60.0 million in an accelerated share repurchase program during the year ended December 31, 2024 [176]. - Under the 2024 Stock Repurchase Program, the Company is authorized to repurchase up to $150.0 million of its Common Stock over a three-year period, expiring June 30, 2027 [176]. Workforce and Employee Engagement - Gentherm's workforce totaled 14,246 employees as of December 31, 2024, showing a slight decrease from 14,504 in 2023 [80]. - The company completed its second global engagement survey in November 2023, achieving a participation rate of 89% [81]. - Approximately 35% of the company's workforce are members of industrial trade unions, which could impact operations if strikes or labor agreements are not managed effectively [101].