tiprankstipranks
Gentherm Reports Strong Q3 2024 Revenue and Growth
Company Announcements

Gentherm Reports Strong Q3 2024 Revenue and Growth

Pick the best stocks and maximize your portfolio:

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.

For a thorough assessment of THRM stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyGentherm participates in a conference call with Craig-Hallum
TipRanks Auto-Generated NewsdeskGentherm Announces New CFO Appointment and Compensation
TheFlyGentherm announces Jonathan Douyard as CFO
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App