Gentherm completes deal and keeps using the Modine name. Modine plans a new name if shareholders approve.
Gentherm (NASDAQ: THRM) has completed its acquisition of Modine’s Performance Technologies business, which will operate as a Gentherm division. Gentherm acquired the Modine brand and will continue to go to market under that name, while Modine (NYSE: MOD) plans to change its name to Modexus Solutions, pending shareholder approval. Former Gentherm shareholders now own approximately 56.38% of the combined company, and Modine shareholders own about 43.62%; Gentherm also declared a special dividend of $2.07 per share.
Modine Completes Spin-off and Combination of its Performance Technologies Business with Gentherm
Modine has announced the completion of the spin-off and combination of its Performance Technologies Business with Gentherm. This news item provides only a headline, with no further details available in the body of the article. It mentions the stock tickers THRM and MOD, suggesting a significant corporate transaction.
Gentherm Closes Modine Spin-Off Transactions, Inks IP, Services and $250 Million Credit Facility
Gentherm has completed its spin-off transactions with Modine and SpinCo, establishing various agreements covering tax, employee matters, intellectual property, and transition services to ensure operational continuity and clarify responsibilities. Additionally, SpinCo secured a $250 million senior secured term loan, guaranteed by Gentherm, to fund a cash distribution, transfers, and general corporate purposes, all aimed at stabilizing operations and preserving the deal's strategic and tax objectives.
A $2.07 special dividend accompanies Gentherm (THRM)'s completed business combination.
Gentherm has successfully completed its business combination with Modine's Performance Technologies business, resulting in former Modine shareholders owning approximately 43.62% of Gentherm's outstanding shares. Following the completion, Gentherm declared a special cash dividend of $2.07 per share, totaling $63,500,492, payable on October 7, 2026. The combined entity also appointed Paul Mascarenas to its Board of Directors, expanding the board to 10 members.
Zacks Research Downgrades Gentherm (NASDAQ:THRM) to Hold
Zacks Research has downgraded Gentherm (NASDAQ:THRM) from a "strong buy" to a "hold" rating, contributing to a consensus "hold" rating among analysts, with an average price target of $46.50. Despite the downgrade, Gentherm recently reported stronger-than-expected quarterly earnings and revenue, and authorized a significant $400 million share repurchase program. Institutional investors hold a substantial 97.13% of the company's stock.
Bank of America Corp DE Buys 292,767 Shares of Gentherm Inc $THRM
Bank of America Corp DE has acquired a new stake of 292,767 shares in Gentherm Inc (NASDAQ:THRM), valued at approximately $9.986 million, representing 0.95% of the company. Institutional investors and hedge funds own a significant 97.13% of Gentherm. The company reported strong quarterly earnings, surpassing expectations with $0.75 EPS and $416.17 million in revenue, leading analysts to maintain a "Moderate Buy" rating with an average price target of $46.50.
Gentherm Inc (NASDAQ:THRM) Stock Has Average Price Target of $46.50 According to Analysts
Analysts have issued a "Moderate Buy" consensus rating for Gentherm Inc (NASDAQ:THRM), with an average 12-month price target of $46.50. The company recently exceeded quarterly earnings expectations, reporting $0.75 EPS on $416.17 million in revenue, an 11% year-over-year increase. Gentherm also announced a $400 million share repurchase program and a special dividend of $1.90 per share.
Gentherm (NASDAQ:THRM) Shares Break Above 200-Day Moving Average - Here's What Happened
Gentherm (NASDAQ:THRM) shares have broken above their 200-day moving average, trading at $35.21 on Friday with significant volume. The company recently announced a special dividend of $1.90 per share and a $400 million share repurchase authorization. Analysts hold a "Moderate Buy" consensus rating with an average price target of $46.50, following several upgrades.
Gentherm Incorporated (THRM) stock price, news, quote and history
Gentherm Incorporated (THRM) is a company that designs, develops, manufactures, and sells thermal management and pneumatic comfort technologies for the automotive and medical industries. The article provides current stock information for THRM, including its stock price, dividend announcements, performance metrics, key financial data, and analyst ratings. It also details the company's product offerings, market capitalization, and historical financial performance.
Gentherm (THRM) Dropped, So What Is Driving Attention Now?
Gentherm's stock (THRM) recently dropped by over 10% following shareholder approval for an increase in authorized common shares related to a pending merger. Despite this short-term pressure and poor multi-year returns, the company is viewed by some as 23% undervalued with a fair value of $45.71, driven by accelerating adoption of comfort features in vehicles and strong projected earnings growth. However, concerns remain about its P/E ratio, execution issues, customer concentration, and Asian market exposure.
(THRM) Price Dynamics and Execution-Aware Positioning
This article provides an in-depth analysis of Gentherm Inc (NASDAQ: THRM), highlighting weak near and mid-term sentiment but a neutral long-term outlook. It identifies a significant risk-reward short setup with a target of 14.5% downside versus 0.3% risk. The piece also outlines three distinct AI-generated trading strategies—Position Trading, Momentum Breakout, and Risk Hedging—tailored for different risk profiles and holding periods, alongside multi-timeframe signal analysis.
A Look at Gentherm Inc (THRM) After 4.0% Decline -- GF Value $43
Gentherm Inc (THRM) recently experienced a 4.0% stock decline, but GuruFocus assesses it as 18.7% undervalued with a GF Value of $43.37. The company boasts a strong GF Score of 92/100, particularly in valuation and momentum, despite some mixed signals from guru and insider trading activities. Investors are encouraged to consider the potential for growth balanced with these cautious insights.
Gentherm (THRM) Shareholders Approve Modine Merger, Clear for October Close
Gentherm shareholders have overwhelmingly approved the merger with Modine's Performance Technologies business, with 99% of votes cast backing the share issuance. The transaction is set to close on October 1st, following a strong second quarter for Gentherm which saw increased revenue and raised full-year guidance. Despite the growth, the company experienced a slight dip in gross margin and operating cash flow due to higher material costs and merger-related expenses.
What Does Gentherm (THRM) Gain From Its Shareholder Approved Deal Closing October 1?
Gentherm shareholders have approved the acquisition of Modine's Performance Technologies business, with regulatory approvals also secured. This deal, set to close on October 1, strengthens Gentherm's core focus on thermal management by expanding into adjacent cooling markets, aiming to reduce cyclicality and diversify its offerings beyond automotive comfort features. Investors are advised to monitor Gentherm's first combined financial results to assess the success of this strategic move.
Gentherm (NASDAQ: THRM) Secures 28.1M Votes to Approve Merger-Related Share Issuance
Gentherm shareholders have approved the issuance of common stock related to its merger with Modine, with 28.1 million votes in favor. They also approved an increase in authorized shares through a charter amendment. These transactions are expected to be completed by October 1, 2026, subject to customary closing conditions.
Empowered Funds LLC Invests $4.36 Million in Gentherm Inc $THRM
Empowered Funds LLC has invested $4.36 million in Gentherm Inc (NASDAQ:THRM), acquiring 127,821 shares, representing a 0.42% stake. This move comes as institutional investors now hold 97.13% of the company, and analysts maintain a "Moderate Buy" rating with an average price target of $45.80. Gentherm recently reported strong quarterly earnings, exceeding expectations with $0.75 EPS and $404.94 million in revenue, and authorized a $400 million share repurchase program.
35,516 Shares in Gentherm Inc $THRM Acquired by Jefferies Financial Group Inc.
Jefferies Financial Group Inc. has acquired 35,516 shares of Gentherm Inc. (NASDAQ:THRM) for approximately $1.21 million, representing a 0.12% stake in the company. Gentherm, an auto parts manufacturer, recently surpassed quarterly earnings expectations and announced a $400 million share repurchase program. Analysts currently hold a "Moderate Buy" consensus rating for THRM with an average price target of $45.80.
BlackRock Inc. Purchases New Holdings in Gentherm Inc $THRM
BlackRock Inc. has acquired a new stake in Gentherm Inc (NASDAQ:THRM), purchasing 4.84 million shares valued at approximately $165 million, which represents a 15.75% ownership stake. This investment comes as Gentherm reported strong quarterly earnings, exceeding analyst expectations, and authorized a $400 million stock repurchase program. The company maintains a "Moderate Buy" consensus rating from analysts, with an average price target of $45.80.
Gentherm (THRM) schedules Rule 144 resale of 4,700 common shares via Merrill Lynch
Gentherm Inc. (THRM) has filed a notice under Rule 144 to sell up to 4,700 shares of its common stock through Merrill Lynch on NASDAQ, with a noted transaction date of July 29, 2026. The filing also details prior stock plan activities, including share acquisitions on July 1, 2022, March 12, 2023, and March 22, 2023. This indicates a proposed resale of existing shares, not a new issuance, allowing previously restricted securities to enter the public market.
Gentherm Number of Employees 2026 | Employee Count & Headcount Data
Gentherm, Inc. (THRM) has approximately 14,153 employees globally as of March 2026, representing a 4.9% growth from 2023. The company is actively hiring with 60 job postings in 2026, though new postings per month have cooled. Employee sentiment is reported as negative and declining.
Gentherm (NASDAQ: THRM) grows revenue and advances $1B Modine merger
Gentherm (NASDAQ: THRM) reported increased product revenues of $416.166 million in Q2 2026, up from $375.090 million a year earlier, with net income rising to $4.420 million. The company is advancing its $1 billion Reverse Morris Trust merger with Modine’s Performance Technologies business, expected to close by early Q4 2026, and recently acquired Innovative Medical Equipment for $34 million. Despite increased operating expenses and debt, Gentherm's automotive segment drove growth, and it has authorized a new $400 million stock repurchase program.
Gentherm Inc (THRM) Stock Price | Live Quotes & Charts | NASDAQ
This page provides live quotes and charts for Gentherm Inc (THRM) stock, showing its current trading price and recent performance. It also includes sections for analyst ratings and earnings information, although data for these sections is currently unavailable. The article is part of a financial education website and features disclaimers about the risks associated with stock trading, particularly day trading.
THRM SEC Filings - Gentherm 10-K, 10-Q, 8-K Forms
This page provides a comprehensive overview of Gentherm's (THRM) SEC filings, including annual, quarterly, and material event reports, as well as insider trading forms. It features AI-generated summaries, impact scoring, and sentiment analysis for each filing. Recent filings highlight passive investment disclosures, a new $550M credit facility, and details concerning its proposed merger with Modine Manufacturing Company's Performance Technologies business.
Gentherm acquires Innovative Medical Equipment to expand medical portfolio
Gentherm (NASDAQ: THRM) has acquired Innovative Medical Equipment, LLC (IME), a Cleveland-area provider of the ThermaZone thermal therapy device. This acquisition is a strategic move to strengthen Gentherm's Medical business and expand its product portfolio, although the financial terms of the transaction were not disclosed. The integration of IME's ThermaZone device aligns with Gentherm's broader strategy to diversify its product range and leverage its expertise in thermal management technologies within the medical sector.
Gentherm (THRM) Jumps As Medical Push And Analyst Upgrades Align
Gentherm Inc. (THRM) shares surged over 26% due to several converging catalysts, including FDA 510(k) clearance for its ThermAffyx Patient Safety System and the acquisition of Innovative Medical Equipment. Analysts from Stifel and JPMorgan subsequently raised their price targets, indicating bullish sentiment on Gentherm's strategic expansion into the medical technology sector beyond its core automotive business. The company's financial performance shows modest profitability, with growth expectations driving its current valuation.
Gentherm (NASDAQ: THRM) lifts 2026 guidance and authorizes $400M buyback
Gentherm reported strong second-quarter 2026 results, with product revenues up 11.0% year over year and adjusted diluted EPS increasing to $0.75. The company raised its full-year 2026 guidance for product revenues, adjusted EBITDA, and adjusted free cash flow, reflecting confidence in its performance. Additionally, Gentherm's board authorized a new three-year stock repurchase program of up to $400 million, replacing the previous one, and confirmed its planned combination with Modine Performance Technologies is on track.
Gentherm Inc $THRM Shares Bought by Bessemer Group Inc.
Bessemer Group Inc. significantly increased its stake in Gentherm Inc. (NASDAQ:THRM) during the first quarter by 50.5%, acquiring an additional 43,500 shares. The auto parts company also reported strong first-quarter earnings, beating analyst estimates for both EPS and revenue, with revenue rising 11.2% year-over-year. Despite mixed analyst ratings, the consensus remains a Hold with a target price of $38.60.
Gentherm gets FDA clearance for ThermAffyx™, a new patient warming and securement system for robotic surgeries.
Gentherm Inc. has received FDA 510(k) clearance for its ThermAffyx™ Patient Safety System, a Class II medical device designed for patient warming and securement during robotic-assisted surgeries. This innovative system aims to address challenges such as hypothermia and patient movement, especially in the Trendelenburg position. Clinical trials are set to begin in August 2026, with commercial sales anticipated in Q3 2026, expanding Gentherm's medical product offerings in patient temperature management.
Gentherm receives FDA clearance for ThermAffyx Patient Safety System
Gentherm received FDA 510(k) clearance for its ThermAffyx Patient Safety System, a Class II medical device designed for robotic-assisted surgeries. This innovative system combines active patient warming, securement, and pressure reduction, addressing critical safety gaps in millions of procedures annually. Product trials are set to begin in August, with revenue generation anticipated in Q3 2026.
Gentherm's Cleared Device Combines Warming and Securement for Robotic Surgery
Gentherm (THRM) announced FDA 510(k) clearance for its ThermAffyx™ Patient Safety System, a Class II medical device designed for robotic-assisted surgeries. This innovative system integrates active underbody warming, securement, and pressure reduction, addressing the challenges of patient hypothermia in procedures like the Trendelenburg position. Product trials are set for August, with revenue generation anticipated by Q3 2026.
Gentherm Medical wins FDA clearance for ThermAffyx patient safety system
Gentherm Medical has received FDA 510(k) clearance for its ThermAffyx patient safety system, a Class II device designed for robotic-assisted surgery. Product trials are scheduled to commence in August, with revenue generation expected to begin in the third quarter of 2026. This news brief was generated by Public Technologies using AI based on content originally published by Gentherm Inc. via GlobeNewswire.
Hillsdale Investment Management Inc. Increases Stake in Gentherm Inc $THRM
Hillsdale Investment Management Inc. significantly increased its stake in Gentherm Inc. (NASDAQ:THRM) by 639.3% in the first quarter, now owning 206,446 shares valued at $5.7 million. This move highlights broad institutional interest, with hedge funds and other institutions collectively holding 97.13% of Gentherm's stock. The company also reported better-than-expected Q1 results, with $0.84 EPS on $393.71 million in revenue, while analysts maintain a consensus "Hold" rating and a price target of $37.40.
[SCHEDULE 13G] Gentherm Inc Passive Investment Disclosure (>5%)
Dimensional Fund Advisors LP has reported a passive investment in Gentherm Inc, holding 1,568,291 shares, which represents 5.1% of the common stock. This disclosure is a SCHEDULE 13G filing, indicating that Dimensional Fund Advisors LP acts as an investment adviser to various funds and disclaims beneficial ownership, with no individual fund exceeding 5% ownership. The filing highlights their sole voting power over 1,533,172 shares and sole dispositive power over 1,568,291 shares.
Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Five Below (FIVE), Bayerische Motoren Werke Aktiengesellschaft (OtherBAMXF) and Gentherm (THRM)
This article summarizes analyst sentiments on three consumer cyclical companies: Five Below (FIVE), Bayerische Motoren Werke Aktiengesellschaft (BAMXF), and Gentherm (THRM). Five Below received a Hold rating from Bernstein with a Moderate Buy consensus. Bayerische Motoren Werke Aktiengesellschaft maintained a Buy rating from Bernstein, also with a Moderate Buy consensus. Gentherm received a Buy rating from Stifel Nicolaus, aligning with a Moderate Buy consensus from analysts.
Gentherm Announces Participation in Upcoming Second Quarter 2026 Investor Conference
Gentherm (NASDAQ: THRM) has announced its participation in several investor conferences during the second quarter of 2026. This includes a fireside chat at the Baird Global Consumer, Technology & Services Conference and attendance at the Stifel Cross Sector 1x1 Conference and Wells Fargo Industrials & Materials Conference. The company's President and CEO along with the EVP of Finance and CFO will speak at these events, providing an opportunity for analysts and investors to engage with Gentherm's leadership.
Gentherm (NASDAQ: THRM) holders approve 1.7M-share equity plan increase
Gentherm Incorporated shareholders have approved an amendment to its 2023 Equity Incentive Plan, increasing the maximum number of common shares that can be issued under the plan by 1.7 million. This expansion adds to the original 3.73 million-share base pool. Additionally, shareholders at the annual meeting elected nine directors, approved executive compensation on an advisory basis, and ratified Ernst & Young LLP as the independent auditor for 2026.
[425] Gentherm Inc Business Combination Communication | THRM SEC Filing - Form 425
Gentherm Inc. shareholders approved an amendment to the 2023 Equity Incentive Plan, increasing the share limit by 1,700,000 shares to an aggregate ceiling of 5,430,000 shares. This approval happened at their annual meeting on May 14, 2026, where directors were also elected, executive compensation was approved on an advisory basis, and Ernst & Young LLP was ratified as the independent auditor. The company also disclosed a proposed transaction involving Gentherm, Modine, and SpinCo, with related SEC filings expected.
Gentherm (THRM) director Heinzmann granted 4,292 restricted shares as board compensation
Gentherm (THRM) director David W. Heinzmann was granted 4,292 shares of Restricted Common Stock on May 14, 2026, as compensation for his service on the company’s Board of Directors. This award, made under Gentherm’s 2023 Equity Incentive Plan, was at no cash cost per share. Following this grant, Heinzmann directly holds a total of 21,365 shares of Gentherm common stock, with the transaction being a routine, compensation-related stock award rather than an open-market purchase or sale.
Gentherm (THRM) director receives 4,292 restricted shares as board compensation
Gentherm director Stacey John was granted 4,292 restricted common shares on May 14, 2026, as compensation for board service under the company's 2023 Equity Incentive Plan. These shares were awarded at a stated price of $0.00 per share, increasing John's direct holdings in Gentherm to 27,112 shares. This transaction was reported in a Form 4 filing, indicating an internal acquisition rather than an open-market purchase.
Gentherm (THRM) director Kenneth Washington receives 4,292 restricted shares grant
Gentherm Inc. director Kenneth E. Washington was granted 4,292 restricted common shares as compensation for his service on the company's Board of Directors. This award, issued under Gentherm's 2023 Equity Incentive Plan, increased his direct holdings to 15,257 common shares. The transaction, reported in a Form 4 filing, is an equity award and not an open-market purchase, and its impact is considered neutral.
Gentherm (THRM) Beats Q1 Earnings and Revenue Estimates
Gentherm (THRM) reported Q1 earnings of $0.84 per share, significantly surpassing the Zacks Consensus Estimate of $0.53, and revenues of $393.71 million, beating estimates by 9.07%. Despite this strong performance, the company's shares have declined by 21% year-to-date, and its Zacks Rank is currently a #4 (Sell) due to unfavorable estimate revisions. Another industry peer, Aeva Technologies, Inc. (AEVA), is expected to report its Q1 results soon.
Vanguard discloses 1.83M Gentherm shares (THRM) ownership (5.99%)
Vanguard Portfolio Management has disclosed beneficial ownership of 1,829,216 shares of Gentherm Inc. (THRM), representing 5.99% of the common stock. This Schedule 13G filing indicates a passive investment, with Vanguard having sole dispositive authority over all shares and sole voting power over 25,210 shares, consistent with an asset manager's role rather than an activist intent. The filing specifies that these holdings include shares managed for Vanguard funds and client accounts.
Gentherm Reports 2026 First Quarter Results
Gentherm (NASDAQ:THRM) reported strong first-quarter 2026 financial results, with significant revenue growth of 7.2% (excluding foreign exchange impacts) and record quarterly revenue of $394 million. The company also announced a transformational combination with Modine Performance Technologies, which is on track to close in 2026. Gentherm's gross margin expanded year-over-year, and it secured $395 million in Automotive New Business Awards, demonstrating improved performance and strategic growth initiatives.
Record Q1 for Gentherm (NASDAQ: THRM) as Modine combo advances
Gentherm (NASDAQ: THRM) reported record Q1 2026 product revenues of $393.7 million, an 11.3% increase year-over-year, alongside improved profitability with adjusted EBITDA up to $49.3 million. The company reaffirmed its full-year 2026 guidance and continues to advance its planned combination with Modine Performance Technologies, which is expected to close by the end of the year. Gentherm's strong financial position includes $455.5 million in liquidity and low net leverage.
Gentherm Reports 2026 First Quarter Results
Gentherm (NASDAQ: THRM) announced strong financial results for the first quarter ended March 31, 2026, including record quarterly revenue of $394 million, up 7.2% year-over-year excluding foreign exchange, and expanded gross margin. The company also confirmed its planned transformational combination with Modine Performance Technologies is on track to close in 2026, aiming to create a leader in thermal and precision flow management. Gentherm secured $395 million in new automotive business awards and reiterated its full-year 2026 guidance for product revenues and Adjusted EBITDA.
(THRM) Gentherm Expects 2026 Product Revenue Range $1.5B - $1.6B, vs. FactSet Est of $1.54B
Gentherm Incorporated (THRM) announced its product revenue expectations for 2026, projecting a range of $1.5 billion to $1.6 billion. This forecast is in comparison to FactSet's estimate of $1.54 billion. The news was published on the same day the company reported its first-quarter earnings for 2026.
Earnings Flash (THRM) Gentherm Incorporated Reports Q1 Revenue $393.7M, vs. FactSet Est of $362.2M
Gentherm Incorporated (THRM) announced its Q1 revenue reached $393.7 million, surpassing FactSet's estimated $362.2 million. The company also reported Q1 adjusted EPS of $0.84 per share, exceeding the FactSet estimate of $0.51. Gentherm expects its 2026 product revenue to be in the range of $1.5 billion to $1.6 billion.
GENTHERM ($THRM) Releases Q1 2026 Earnings
GENTHERM ($THRM) announced its Q1 2026 earnings, reporting $0.84 per share, significantly beating analyst estimates. The company's revenue also exceeded expectations. Following the earnings release, an overview of hedge fund activity and recent analyst ratings and price targets for THRM is provided.
Gentherm (NASDAQ: THRM) files 8-K/A on credit agreement amendment
Gentherm Incorporated filed an amended current report (8-K/A) to correct a clerical error in the signatory for Gentherm (Texas), Inc. on the First Amendment to its Second Amended and Restated Credit Agreement. The amendment clarifies that the underlying credit agreement terms and the original current report remain unchanged, focusing solely on the signatory correction. The filing also includes standard disclosures regarding a proposed transaction involving Gentherm, Modine Manufacturing Company, and SpinCo, emphasizing the need for investors to review related SEC filings.
Gentherm, Inc. Opens with a 5.25% Gain, Outperforming S&P 500's 2.51% Increase
Gentherm, Inc. opened today with a 5.25% gain, outperforming the S&P 500's 2.51% increase, despite recent financial challenges including declining net sales and profits for the last two quarters. The company's valuation metrics appear elevated compared to peers, and its stock has underperformed the S&P 500 over the past year. This opening gain represents a momentary positive shift amid a mixed short-term trend for the small-cap auto components and equipment player.
