Gentherm Reports 2026 Third Quarter Results
Gentherm reported Q3 2026 product revenues of $405.1 million, up 4.7% YoY (4.4% ex-FX), with results in line with management expectations and $555 million in new automotive business awards. Profitability declined: gross margin compressed to 23.3% from 24.6%, and GAAP diluted EPS was $(0.08) versus $0.49 a year ago, with adjusted EPS of $0.33 versus $0.73, pressured by FX, material costs, inflation and merger-related expenses. Following the October 1 close of the Modine Performance Technologies combination, the company raised FY2026 guidance to $1.825B-$1.925B in product revenues and $210M-$230M adjusted EBITDA.
Key figures
- Revenue
- 405102000
- Guidance
- FY2026 product revenues $1.825B-$1.925B (raised from $1.55B-$1.65B); Adjusted EBITDA $210M-$230M (raised from $185M-$200M); Adjusted FCF $100M-$120M (raised from $85M-$100M)
- Revenue Yoy
- 4.7%
- Liquidity
- 494200000
- Adjusted eps
- 0.33
- Adjusted fcf
- 59484000
- Gross margin
- 23.3%
- Net leverage
- ~0.4x
- Buyback recent
- 60000000
- Adjusted ebitda
- 45004000
- New business awards
- 555000000
- Operating cash flow
- 36007000
- Adjusted ebitda margin
- 11.1%
- Gross margin prior year
- 24.6%
- Special dividend per share
- 2.07
- Buyback authorization remaining
- 340000000
AI analysis
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