Gentherm Inc (THRM) Form 10-Q — Jul 23, 2026
Gentherm reported fiscal second-quarter 2026 results with product revenue increasing 11.1% to $809.9 million for the six months ended June 30, 2026. Despite the top-line growth, operating income decreased 46% year-over-year to $22.0 million due to higher restructuring expenses of $12.7 million and SG&A costs related to the pending Modine Transaction. Net income improved significantly to $8.6 million from $0.3 million in the prior year, aided by a lower effective tax rate. The company announced a major strategic pivot by entering into a definitive agreement to combine with Modine Manufacturing's Performance Technologies business via a Reverse Morris Trust valued at approximately $1.0 billion.
Key figures
- Eps
- 0.28
- Revenue
- 809872000
- Net Income
- 8638000
- Total Debt
- 273258000
- Revenue Yoy
- 11.1%
- Cash Position
- 213173000
- Deal Value Usd
- 1000000000
- Ime acquisition cost
- 34000000
- Modine termination fee
- 45000000
- Repurchase authorization
- 400000000
Price after filing
Close on the filing date to close N calendar days later (from $36.64). Historical, not a forecast.
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