THRM
Gentherm Incorporated36.94
-0.31-0.85%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A sizes adjacent upside
Q&A quantified adjacent market potential beyond prepared remarks, projecting Home & Office at $50-100M by 2028 and ThermAffyx fueling medical doubling pre-2030, plus another launch early 2027. Footprint realignment confirms 2026 finish with 60bps drag, no delays. China delivered Q4 strength via global OEM take-rates, with awards now 60% domestic. 2027 outlook includes margin step-up from mix and efficiencies. Management fielded queries crisply. Adjacents gain real traction now.
Key Stats
Market Cap
1.13BP/E (TTM)
37.31Basic EPS (TTM)
0.99Dividend Yield
0%Recent Filings
8-K
8-K
8-K
Credit amendment enables SpinCo merger
8-K
Record $1.5B revenue, 2026 guide
Gentherm hit record 2025 revenue of $1.5B, up 2.9%, with operating cash flow rising 7% to $116.8M and net leverage dropping to 0.2x. Q4 product sales climbed 8.5% to $382.8M, yet net income fell to $3.0M from material costs and realignment. Guides 2026 revenues $1.5B–$1.6B; Modine deal risks regulatory delays.
10-K
FY2025 results
Gentherm posted FY2025 product revenues of $1.50B, up 2.9% y/y on automotive volume gains and Euro strength, yet gross margins slipped to 24.2% from 25.2% amid quality costs and labor hikes. Automotive climate solutions surged—CCS +2.9%, lumbar/massage +18.8%—while valves dipped 7.8%; Q4 momentum showed in $2.2B new awards. Operating income fell to $83M on $28M FX loss and M&A costs, but free cash flow hit $61M (derived). Debt sits at $189M with $308M revolver room; $10M buybacks executed. Modine deal eyes Q4 2026 close. Ukraine ops expose supply risks.
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