Gentherm Inc (THRM) Form 8-K — Oct 22, 2026
Gentherm reported Q3 2026 revenue of $405.1 million, up 4.7% year over year (4.4% ex-FX), but swung to a GAAP net loss of $(2.6) million with diluted EPS of $(0.08) versus $0.49 a year ago. Adjusted diluted EPS fell to $0.33 from $0.73, and adjusted EBITDA declined to $45.0 million (11.1% margin) from $49.0 million, pressured by FX, higher material costs and inflation. The company completed its combination with Modine Performance Technologies on October 1 and raised full-year 2026 guidance to $1.825B-$1.925B in product revenues and $210M-$230M adjusted EBITDA to reflect the Q4 Modine contribution. It also paid a $2.07 per share special dividend ($63.5 million) tied to the transaction.
Key figures
- Revenue
- 405102000
- Guidance
- FY2026 product revenues $1.825B-$1.925B, adjusted EBITDA $210M-$230M, adjusted free cash flow $100M-$120M (raised from $1.55B-$1.65B, $185M-$200M, $85M-$100M to include Modine Q4 contribution)
- Total Debt
- 320443000
- Revenue Yoy
- 4.7% (4.4% ex-FX)
- Total Assets
- 1562299000
- Cash Position
- 252098000
- Liquidity
- 494239000
- Net leverage
- ~0.4x
- Buyback october
- 60000000
- Gross margin q3
- 23.3% vs 24.6% prior year
- Adjusted ebitda q3
- 45004000
- Adjusted diluted eps
- 0.33
- Special dividend paid
- $63.5M ($2.07/share)
- Adjusted ebitda margin
- 11.1%
- New business awards q3
- 555000000
- Adjusted free cash flow q3
- 43649000
- Buyback authorization remaining
- 340000000
- Prior year adjusted diluted eps
- 0.73
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