Gentherm Incorporated

Gentherm Reports 2023 Third Quarter Results

Retrieved on: 
Thursday, October 26, 2023
Adjustment, EV, Temperature, EBITDA, GAAP, Acquisition, Research, Net income, UAW, Gentherm Incorporated, General Motors, Automotive industry, Video game, Security (finance), Pharmaceutical industry, Electronics

NORTHVILLE, Mich., Oct. 26, 2023 (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 third quarter ending September 30, 2023.

Key Points: 
  • Secured $520M in New Automotive Business Awards, a Third Quarter Record
    NORTHVILLE, Mich., Oct. 26, 2023 (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 third quarter ending September 30, 2023.
  • Product revenues of $366.2 million increased 10.0% from $333.0 million in the third quarter of 2022.
  • The effective tax rate was 30.4% in the 2023 third quarter.
  • The Company updates its full year 2023 guidance that was initially provided in its year-end 2022 earnings release on February 22, 2023:

Gentherm Names Vishnu Sundaram as Senior Vice President and Chief Technology Officer

Retrieved on: 
Wednesday, August 16, 2023
Cloud, Rising Star Sports Ranch, Partnership, University, Senior, Massage, Automotive News, Eyler, Wharton School of the University of Pennsylvania, Software, PSG College of Technology, Lead, Electronics, Temperature, Telematics, Intel, Connectivity, Sundaram, Growth, Health, BPS, Harman, Management, Trilogy, Gentherm Incorporated, Stellantis

NORTHVILLE, Mich., Aug. 16, 2023 (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 Vishnu Sundaram will join the Company’s leadership team as Senior Vice President and Chief Technology Officer on September 5, 2023.

Key Points: 
  • NORTHVILLE, Mich., Aug. 16, 2023 (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 Vishnu Sundaram will join the Company’s leadership team as Senior Vice President and Chief Technology Officer on September 5, 2023.
  • Sundaram will report to Gentherm’s President and CEO, Phil Eyler.
  • “I am excited for Vishnu to join the Gentherm team.
  • His expertise will help accelerate our technology leadership and broaden our products, solutions, software, and systems to drive growth across our business,” said Eyler.

Gentherm Reports 2023 Second Quarter Results

Retrieved on: 
Tuesday, August 1, 2023
Medicine, Eyler, Gentherm Incorporated, Electronics, Automotive industry, GAAP, Research, Temperature, Massage, Net income, Acquisition, Growth, Adjustment, Video game, Security (finance), Pharmaceutical industry, Life insurance, Bookkeeping, Stellantis

NORTHVILLE, Mich., Aug. 01, 2023 (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, 2023.

Key Points: 
  • NORTHVILLE, Mich., Aug. 01, 2023 (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, 2023.
  • Selling, general and administrative expenses of $38.4 million in the 2023 second quarter increased $6.5 million, or 20.3%, versus the prior-year period.
  • Income tax expense in the second quarter of 2023 was $4.8 million, as compared with $3.9 million in the prior-year period.
  • GAAP diluted loss per share for the second quarter of 2023 was $(0.05) compared with earnings per share of $0.21 for the prior-year period.

Carrar and Gentherm Join Forces on the Delivery of Robust Two-Phase Immersion Thermal Management for Electric Vehicle (EV) Battery Modules

Retrieved on: 
Wednesday, May 24, 2023
Acceleration, Pressure, Partnership, EV, Senior, Tier 1, Original equipment manufacturer, Temperature, Immersion, Safety, Electric battery, Renewable energy, Gentherm Incorporated, Señora Carrar's Rifles

SHA'AR HANEGEV, Israel, May 24, 2023 /PRNewswire/ -- Carrar, a developer of thermal management solutions for electric vehicles, has partnered with 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, enable the delivery of electric vehicle (EV) battery modules with two-phase immersion thermal management solution that fully control liquid level, vapor, and pressure at all times.

Key Points: 
  • The first-of-their-kind modules will fully manage and control the immersion liquid, vapor, and internal pressure during all vehicle positions and operating states.
  • "This partnership marks a step forward in delivering two-phase thermal management for electric vehicles," says Avinoam Rubinstain, CEO of Carrar.
  • "Our collaboration will enable Carrar to deliver high-quality and robust battery modules built to be manufactured at scale.
  • Carrar and Gentherm will demonstrate their combined solution at the Battery Show, which will take place in Stuttgart on May 23-25.

Gentherm Completes Sustainability Study with Fraunhofer Institute

Retrieved on: 
Tuesday, April 11, 2023
Fraunhofer Institute for Mechanics of Materials, Presbyterianism, Gentherm Incorporated, Temperature, Mechanical, Water, CCB, Fraunhofer Society, FPC, CO2, Printed circuit board

The mechanical structuring process is an innovative solution for the manufacturing of FPCs utilizing an innovative milling approach.

Key Points: 
  • The mechanical structuring process is an innovative solution for the manufacturing of FPCs utilizing an innovative milling approach.
  • The current industry standard for FPC manufacturing, chemical etching, is an energy-intensive process that utilizes a variety of environmentally unfriendly chemicals.
  • “By working closely with the Fraunhofer Institute, we were able to validate the positive environmental impact the mechanical structuring process has for the development of solutions for our customers that address the needs of electric vehicles.”
    The mechanical structuring process is currently being utilized by Gentherm to manufacture its Cell Connecting Board (CCB) products.
  • This provides for several advantages including reduced manufacturing complexity, reduced packaging requirements, and a simplified design process.

Gentherm Releases 2022 Sustainability Report

Retrieved on: 
Monday, April 3, 2023
Temperature, Carbon, Algorithm, Sustainability reporting, Renewable energy, Gentherm Incorporated

NORTHVILLE, Mich., April 03, 2023 (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 published its 2022 Sustainability Report.

Key Points: 
  • NORTHVILLE, Mich., April 03, 2023 (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 published its 2022 Sustainability Report.
  • The 2022 Sustainability Report highlights Gentherm’s key areas of focus: People, Planet and Places, and provides updates on previously established environmental performance metrics.
  • In addition, Gentherm updated the pillars of its sustainability approach to include a focus on products, highlighting efforts to develop technologies that promote increased energy efficiency and driving range by reducing power consumption of an electric vehicle.
  • “This past year marked tremendous progress towards creating a more sustainable future for Gentherm, our community and our stakeholders,” said Phil Eyler, President and CEO of Gentherm.

AEye Names Tech Leader Matt Fisch as CEO

Retrieved on: 
Wednesday, February 1, 2023
Software, Vehicle Technology, Hardware, Data Management, General Automotive, Technology, Automotive, Autonomous Driving, Vehicles, Semiconductor, Trucking, Transport, Automotive Manufacturing, Manufacturing, General Motors, Cornell University, Mobile, International, SVP, EVP, Electronics, Fisch, Microsoft, Engineering, Intel, Electrical engineering, Computer engineering, Cadillac, Multimedia, Apple, Gentherm Incorporated, LaCorte, Harman International, Android, GM, Management, Renewable energy, Science, Automotive industry, Verifone

AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced it has named Matt Fisch as the company’s new CEO and as a member of its board of directors effective February 13, 2023.

Key Points: 
  • AEye, Inc. (NASDAQ: LIDR), a global leader in adaptive, high-performance lidar solutions, today announced it has named Matt Fisch as the company’s new CEO and as a member of its board of directors effective February 13, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230201005356/en/
    Former Intel, HARMAN International, and Verifone exec Matt Fisch will become AEye's new CEO effective February 13, 2023 (Photo: Business Wire)
    “Matt is the right leader at the right time for AEye,” said Carol DiBattiste, chair of the AEye board of directors.
  • “I am thrilled to join AEye as CEO,” said Fisch.
  • LaCorte will continue with AEye as a member of the AEye Advisory Board.

Global Automotive Thermal System Market Report 2022 to 2027: Industry Trends, Share, Size, Growth, Opportunities and Forecasts

Retrieved on: 
Friday, January 27, 2023
BorgWarner, Temperature, Air conditioning, HVAC, HEV, Visteon, Mahle GmbH, Denso, COVID-19, Lennox International, Gentherm Incorporated, Ventilation, General Motors, Carbon, Car, ICES, Renewable energy, Semiconductor, Potash, Growth

DUBLIN, Jan. 27, 2023 /PRNewswire/ -- The "Automotive Thermal System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Jan. 27, 2023 /PRNewswire/ -- The "Automotive Thermal System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
  • The global automotive thermal system market size reached US$ 34.1 Billion in 2021.
  • What has been the impact of COVID-19 on the global automotive thermal system market?
  • What is the structure of the global automotive thermal system market and who are the key players?

HARMAN Expands Ready Care Product with New Life-Saving Features to Enhance Safety and Well-being on the Road

Retrieved on: 
Wednesday, January 4, 2023
Aftermarket, Consumer Electronics, Automotive, IOT (Internet of Things), Other Automotive, Technology, Audio, Video, Anxiety, CPD, Neuroscience, Original equipment manufacturer, Child, Harman International, Artificial intelligence, CES, Temperature, Multimedia, Product management, API, Acquisition, Gentherm Incorporated, NCAP, Attention, Heart rate, Safety, Radar, SDK, Machine learning, HARMAN, Vital signs, OEM, Senior, Apple Inc. v. Samsung Electronics Co., Intelligence, Mobile phone

View the full release here: https://www.businesswire.com/news/home/20230104005429/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20230104005429/en/
    Through the September 2022 HARMAN acquisition of CAARESYS, Ready Care offers market leading in-cabin radar sensing technology.
  • In addition, Ready Care sensors also detect if a child is left unattended in the vehicle.
  • Ready Care can initiate multiple and simultaneous in-cabin vehicle intervention responses to mitigate driver drowsiness and distraction, enabling safer mobility experiences.
  • For consumers, HARMAN Ready Care delivers enhanced safety and peace of mind by helping to reduce driver distraction and drowsiness, and equipping consumers with greater intelligence to enable safer driving behaviors.

Gentherm’s ClimateSense® Technology to Launch on the 2024 Cadillac CELESTIQ

Retrieved on: 
Tuesday, October 18, 2022
Gentherm Incorporated, GLOBE, NASDAQ, Cadillac, HVAC, Heat, Electronics, CEO, Solution, Technology, Renewable energy, Heating, ventilation, and air conditioning

NORTHVILLE, Mich., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Gentherm(NASDAQ: THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry, today announced that it has been selected by Cadillac to supply ClimateSense on the 2024 Cadillac CELESTIQ.

Key Points: 
  • NORTHVILLE, Mich., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Gentherm(NASDAQ: THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry, today announced that it has been selected by Cadillac to supply ClimateSense on the 2024 Cadillac CELESTIQ.
  • CELESTIQ will be the first to market vehicle to feature a Gentherm ClimateSense four-zone microclimate system as standard equipment.
  • We are honored that the Cadillac CELESTIQ will feature the industrys first deployment of our ClimateSense system that offers advanced cabin climate technologies, electronics and software algorithms that help deliver luxurious, efficient and personalized comfort for every occupant, said Phil Eyler, Gentherms President and CEO.
  • Gentherms ClimateSense technology seamlessly integrates into the existing vehicle architecture, utilizing localized convective and conductive heating and cooling solutions, to create personalized comfort while significantly reducing HVAC energy consumption.