Quarterly ResultApr 23, 2026, 06:02 AM
Gentherm Q1 Revenue Hits Record $394M, Adj. EPS Jumps to $0.84
AI Summary
Gentherm reported strong first-quarter 2026 financial results, achieving record quarterly revenue of $394 million, an 11.3% increase year-over-year. The company saw significant improvement in profitability, with adjusted diluted EPS rising to $0.84 from $0.51 in the prior year and gross margin expanding to 24.7%. Gentherm also announced progress on its transformational combination with Modine Performance Technologies, which is on track to close by year-end, and submitted a 510(k) premarket notification for its ThermAffyx™ Patient Safety System to the FDA.
Key Highlights
- Record Q1 revenue of $394 million, up 11.3% (7.2% ex-FX) year-over-year.
- Adjusted diluted EPS increased to $0.84 from $0.51 in the prior year.
- Gross margin expanded to 24.7% from 24.4% year-over-year.
- Secured $395 million in Automotive New Business Awards.
- Combination with Modine Performance Technologies remains on track for 2026 close.