NASDAQ: THRM
Gentherm IncCIK 0000903129 · SIC 3714 · Motor Vehicle Parts & Accessories
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Gentherm to acquire Modine's Performance Technologies Business for ~20.8M shares in reverse Morris Trust, diluting existing shareholders by 40%
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Gentherm raises FY2026 guidance, authorizes up to $400M buyback replacing up to $150M program
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Gentherm revenue +11% but operating income -55% on $28M Modine M&A costs; warranty accrual triples
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Gentherm enters $550M 5-year revolving credit facility with leverage-based pricing
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Gentherm shareholders approve 1.7M share increase to equity incentive plan
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Latest financial statements
From 10-Q filed Jul 23, 2026 (period ending Jun 30, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q2 ended Jun 30, 2026 | Q2 ended Jun 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | 416.2 | 375.1 |
| Cost of revenue / cost of sales | 319.7 | 285.3 |
| Gross profit | 96.4 | 89.8 |
| Operating expenses: | ||
| Research and development | 24.1 | 22.6 |
| Selling, general and administrative | 55.7 | 41.1 |
| Total operating expenses | 85.7 | 65.8 |
| Operating income | 10.7 | 24.0 |
| Other income/(expense), net | 0.2 | |
| Income before income taxes | 7.3 | 2.5 |
| Income tax expense/(benefit) | 2.9 | 2.1 |
| Net income | 4.4 | 0.5 |
| Basic earnings per share | 0.14 | 0.02 |
| Diluted earnings per share | 0.14 | 0.02 |
Consolidated Balance Sheets (Unaudited)
| Description | Jun 30, 2026 | Jun 30, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 213.2 | 128.3 |
| Accounts receivable, net | 338.9 | 294.7 |
| Inventories | 90.1 | 77.9 |
| Prepaid expenses and other current assets | 83.5 | 87.4 |
| Other current assets | 154.5 | 170.5 |
| Total current assets | 880.0 | 758.8 |
| Property, plant and equipment, net | 268.8 | 262.4 |
| Operating lease right-of-use assets, net | 50.8 | 59.5 |
| Finite-lived intangible assets, net | 56.1 | |
| Identifiable intangible assets, net | 49.7 | 56.1 |
| Goodwill | 107.1 | 108.9 |
| Deferred income taxes and other assets | 93.0 | 78.3 |
| Other long-term assets | 43.8 | (18.7) |
| TOTAL ASSETS | 1,493 | 1,361 |
| Current liabilities: | ||
| Current portion of long-term debt | 0.9 | 0.1 |
| Accounts payable | 270.4 | 254.1 |
| Current portion of operating lease liabilities | 8.2 | 9.9 |
| Accrued liabilities | 146.8 | 112.7 |
| Income taxes payable | 23.1 | 28.6 |
| Other current liabilities | (23.1) | (28.6) |
| Total current liabilities | 426.3 | 376.9 |
| Long-term debt | 272.4 | 209.0 |
| Operating lease liabilities | 43.6 | 51.1 |
| Other long-term liabilities | 27.8 | 24.6 |
| Total liabilities | 770.1 | 661.7 |
| Shareholders' equity: | ||
| Common stock | 10.7 | |
| Accumulated other comprehensive income (loss) | (11.9) | 2.0 |
| Retained earnings (deficit) | 722.7 | 696.1 |
| Total shareholders' equity | 723.1 | 699.7 |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 1,493 | 1,361 |
Consolidated Statements of Cash Flows (Unaudited)
| Description | Six months ended Jun 30, 2026 | Six months ended Jun 30, 2025 |
|---|---|---|
| Operating Activities: | ||
| Net cash from operating activities | 2.3 | 31.7 |
| Investing Activities: | ||
| Net cash from investing activities | (14.4) | (19.8) |
| Financing Activities: | ||
| Net cash from financing activities | 65.9 | (22.3) |
| Net increase/(decrease) in cash | 52.3 | (5.8) |
Amounts in millions USD; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. Interactive statements & notes on EDGAR ↗