Core Insights - Harvey Partners increased its stake in Gentherm by acquiring 431,072 shares, raising its total holdings to approximately 1 million shares valued at $34.9 million as of September 30 [2][3][11] - Gentherm's market capitalization stands at $1.1 billion, with a revenue of $1.5 billion and a net income of $30.6 million for the trailing twelve months [5] - The company specializes in thermal management technologies, providing solutions for automotive interiors, battery performance, and medical applications [6][9] Financial Performance - Gentherm reported a record quarterly revenue of $386.9 million, reflecting a 4% year-over-year increase, driven by an 8.6% growth in automotive climate and comfort solutions [12] - Adjusted EBITDA increased to $49 million, with healthy margins at 12.7%, and year-to-date operating cash flow reached $87.8 million, up from $73.1 million in the previous year [12] - The company secured $745 million in new automotive awards, positioning it to exceed $2 billion in awards for the year, indicating strong demand for its core technologies despite material cost pressures [12] Market Context - Gentherm's stock price is currently at $36.46, down 13% over the past year, underperforming the S&P 500, which has increased by 13% during the same period [4] - The company's stake now represents 3.1% of Harvey Partners' reportable U.S. equity AUM, ranking below the top five fund holdings [4][11] - Gentherm's diversified product portfolio and established relationships with major OEMs enhance its competitive position in the automotive parts industry [9]

Core Insights - Harvey Partners increased its stake in Gentherm by purchasing 431,072 shares, bringing its total holdings to approximately 1 million shares valued at $34.9 million as of September 30 [2][11] - Gentherm's stock price is currently $36.46, reflecting a 13% decline over the past year, contrasting with a 13% increase in the S&P 500 during the same period [3] - Gentherm reported record quarterly revenue of $386.9 million for the third quarter, a 4% year-over-year increase, driven by an 8.6% growth in automotive climate and comfort solutions [12] Company Overview - Gentherm specializes in thermal management solutions for the automotive and medical sectors, focusing on climate comfort and battery performance products [6][9] - The company has a market capitalization of $1.1 billion and generates revenue primarily through the design, manufacture, and sale of automotive parts and systems [4][9] - Gentherm's revenue for the trailing twelve months (TTM) is $1.5 billion, with a net income of $30.6 million [4] Financial Performance - The company achieved an adjusted EBITDA of $49 million with healthy margins at 12.7% [12] - Year-to-date operating cash flow reached $87.8 million, up from $73.1 million in the previous year [12] - Gentherm secured $745 million in new automotive awards, positioning it to exceed $2 billion in revenue for the year [12]