NORTHVILLE, Mich., July 31, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced its financial results for the second quarter ending June 30, 2024. Product revenues of $375.7 million increased 0.9% from $372.3 million in the second quarter of 2023. Excluding the impact of foreign currency translation, product reve ...

NORTHVILLE, Mich., July 18, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced that Phil Eyler, President and CEO, and Matteo Anversa, Executive Vice President of Finance, Chief Financial Officer and Treasurer, will participate in a fireside chat at the 2024 J.P. Morgan Auto Conference in New York City on Thurs ...

Webcast A live webcast and one-year archived replay of the call can be accessed on the Events page of the Investor Relations section of Gentherm's website at www.gentherm.com. NORTHVILLE, Mich., July 10, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, will report its financial results for the second quarter 2024 on Wednesda ...

Core Insights - Cognizant has entered into an agreement with Gentherm to provide engineering services aimed at enhancing product development and customer vehicle experiences [3][4] - The collaboration will focus on creating innovative products and improving the efficiency of Gentherm's development processes through a dedicated delivery center [1][4] - Gentherm is recognized as a global leader in thermal management and pneumatic comfort technologies for the automotive industry, with a strong presence in medical temperature management systems [6] Company Overview - Gentherm specializes in automotive products such as Climate Control Seats, heated interior systems, and battery performance solutions, and is also developing new technologies for existing and new markets [6] - Cognizant is leveraging its expertise in cloud-native technologies and AI to assist Gentherm in transforming its product design and launch processes [4][5] - Gentherm employs over 14,000 individuals across various global locations, including the United States, Germany, and China [6]

Core Viewpoint - Gentherm has announced a new stock repurchase program of $150 million, reflecting the Board's confidence in the company's future performance and cash flow generation [1][2]. Stock Repurchase Program - The new stock repurchase program will commence after the current program, which started in 2020 and has approximately $26 million remaining as of June 4, 2024 [2]. - The timing and number of shares repurchased will be determined by the company's management, considering capital uses and market conditions [2][3]. - Various methods may be used for stock repurchases, including open market purchases and accelerated share repurchase programs [3]. Company Overview - Gentherm is a leader in thermal management and pneumatic comfort technologies for the automotive industry and medical patient temperature management systems [4]. - The company offers a range of automotive products, including Climate Control Seats and heated interior systems, and is developing new technologies for existing and new markets [4]. - Gentherm employs over 14,000 people across multiple countries, including the United States, Germany, China, and others [4].

NORTHVILLE, Mich., June 05, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced that its Board of Directors authorized a new stock repurchase program of $150 million of the Company's issued and outstanding common stock. The new program will take effect upon the conclusion of Gentherm's current program that began ...

Investor Contact Gregory Blanchette investors@gentherm.com 248.308.1702 NORTHVILLE, Mich., June 04, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ:THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced that the Company has received its first production vehicle award for its Puls.A™ technology on a future Hyundai Genesis full-size SUV. Gentherm's proprietary Puls ...

Gregory Blanchette investors@gentherm.com 248.308.1702 Media Contact Melissa Fischer media@gentherm.com 248.289.9702 NORTHVILLE, Mich., May 24, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced that Phil Eyler, President and CEO, and Matteo Anversa, Executive Vice President of Finance, Chief Financial Officer ...

Core Insights - Gentherm, a leader in thermal management and pneumatic comfort technologies for the automotive industry, will participate in a fireside chat at the 2024 Baird Consumer, Technology & Services Conference on June 6, 2024 [1] - The chat will feature Phil Eyler, President and CEO, and Matteo Anversa, Executive Vice President of Finance, CFO, and Treasurer, and is scheduled to last approximately 30 minutes [1] Company Overview - Gentherm is recognized as the global market leader in innovative thermal management and pneumatic comfort technologies for the automotive sector, as well as in medical patient temperature management systems [3] - The company's automotive product offerings include variable temperature Climate Control Seats, heated interior systems, battery performance solutions, and various electronic devices [3] - Gentherm employs over 14,000 individuals across multiple countries, including the United States, Germany, China, and others [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File Number: 0-21810 GENTHERM INCORPORATED (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...