The latest announcement is out from Gentherm ( (THRM) ).
Gentherm, a leader in automotive thermal management technologies, reported a strong third quarter for 2024 with product revenues rising to $371.5 million, marking a 1.5% increase from the previous year. The company secured a record $600 million in new automotive business awards and saw a boost in its Climate and Comfort Solutions. Despite a drop in light vehicle production in key markets, Gentherm’s innovative solutions like ClimateSense® and ComfortScale™ are driving growth, with an improved adjusted EBITDA margin and significant shareholder returns through share repurchases.
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