The transformational combination with Modine Performance Technologies, combined with strong revenue growth and margin expansion, suggests a positive outlook. Monitor the closing of the deal and future guidance for integration synergies and financial performance.
Price Chart
Executive Summary
Gentherm reported record Q1 2026 revenue of $393.7M (11.3% YoY), driven by strong automotive demand and pricing, while gross margin expanded to 24.7%. However, net income turned positive from a prior-year loss, and the company announced a transformational combination with Modine Performance Technologies, which remains on track to close in 2026.
Key Financial Metrics
Key Facts
- Q1 revenue of $393.7M, up 11.3% YoY (7.2% ex-FX), driven by Automotive Climate and Comfort Solutions
- Gross margin improved to 24.7% from 24.4% in the prior year
- GAAP diluted EPS was $0.14, turning positive from a $(0.00) loss in the prior year
- Adjusted EPS was $0.84, up from $0.51 in the prior year
- Announced transformational combination with Modine Performance Technologies, expected to close by end of 2026
Financial Impact
Record $393.7M revenue, 11.3% YoY growth, gross margin expansion to 24.7%, and net income turning positive to $4.2M
Risk Factors
- Integration risks associated with the Modine Performance Technologies combination
- Potential volatility in net income and EPS due to one-time items and restructuring expenses
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-171740 |
| Document: thrm-20260423.htm | 0001193125-26-171740 |
| Document: 0001193125-26-171740-index-headers.html | 0001193125-26-171740 |
| Document: 0001193125-26-171740-index.html | 0001193125-26-171740 |
| Document: 0001193125-26-171740.txt | 0001193125-26-171740 |
| 8-K Data (Synthetic) | 0001193125-26-171740 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | 8-K | $38.85 $36.35 | ▼ −6.43% | ▼ −6.21% | $31.30 (−19.43%) |
Sep 10, 2026 22d ago | Press Release | $38.33 $37.66 | ▼ −1.75% | ▼ −1.25% | $31.30 (−18.34%) |
Aug 13, 2026 7w ago | EFFECT | $43.07 $40.67 | ▼ −5.57% | ▼ −3.61% | $31.30 (−27.33%) |
Jul 23, 2026 10w ago | 425 / 8-K | $45.61 $42.32 | ▼ −7.21% | ▼ −7.69% | $31.30 (−31.37%) |
Jul 23, 2026 10w ago | Press Release | $45.61 $42.32 | ▼ −7.21% | ▼ −7.69% | $31.30 (−31.37%) |
Jul 22, 2026 10w ago | Press Release | $45.61 $42.32 | ▼ −7.21% | ▼ −7.69% | $31.30 (−31.37%) |
Jul 20, 2026 10w ago | Press Release | $36.64 $42.07 | ▲ +14.82% | ▲ +16.05% | $31.30 (−14.57%) |
Jul 7, 2026 12w ago | Press Release | $34.48 $35.89 | ▲ +4.09% | ▲ +3.23% | $31.30 (−9.22%) |
Jul 2, 2026 13w ago | 425 | $33.88 $35.68 | ▲ +5.31% | ▲ +4.38% | $31.30 (−7.62%) |
Jul 2, 2026 13w ago | 8-K | $33.88 $35.68 | ▲ +5.31% | ▲ +4.38% | $31.30 (−7.62%) |
US Market Status
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