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北京时间·🕒 发布 07-23 18:04:37时区推断·⟳ 抓取 07-23 18:11:47·⚡ 决策 07-24 08:18:09 +14h06m·95.5 天前
Gentherm二季度收入4.162亿美元、上调全年指引并授权4亿美元回购
二季度产品收入4.162亿美元，同比增长11.0%，全年收入指引上调至15.5亿至16.5亿美元，调整后EBITDA指引上调至1.85亿至2.00亿美元。
📄 原文Investing.com↗ 原文
Gentherm reports record quarterly revenue of $416 million
Google raises annual spending estimates amid rapid AI infrastructure build-out NOVI, Mich. - Gentherm Inc (NASDAQ:THRM)…
不做 Gentherm（THRM.US）
利好已在当日26.52%涨幅中充分重定价，且毛利率和现金流质量有瑕疵，当前不追。
展开详情(成交明细 / 研究档案 / 原文全文 / 决策记录链)
研究档案
🔎 新鲜度:最早出现 2026-07-23 · 扩散 high · price-in 风险 high ↗
消息传播链
- 媒体转述公司声明披露二季度收入4.162亿美元、上调全年指引和4亿美元回购。市场反应:THRM.US当日从36.05美元前收涨至45.61美元，涨26.52%。
关键理由
- 二季度产品收入4.162亿美元，同比增长11.0%，全年收入指引上调至15.5亿至16.5亿美元，调整后EBITDA指引上调至1.85亿至2.00亿美元。
- 新授权4亿美元回购约占当前14.0亿美元市值的28.6%，但股价已在公告当日大涨26.52%。
- 690亿美元新业务奖项和指引上修构成正面基本面信息，但收盘价已接近52周高点，短线追买edge不足。
主要风险
- 当日已放量大涨至45.61美元，量比4.86，若次日追高容易承担财报见光死和回撤风险。
- 毛利率从23.9%降至23.2%，经营现金流从3170万美元降至230万美元，质量不如收入和回购标题强。
反向证据
- 做多前查反向 · 来源 stock_quote · 日期 2026-07-23 · 影响 invalidates
THRM.US公告当日已涨26.52%、距52周高点仅0.76%，追高边际收益不足。
检索:THRM.US stock_quote 财报后价格反应 - 做多前查反向 · 来源 filing · 日期 2026-07-23 · 影响 weakens
原文披露毛利率同比下降至23.2%、经营现金流仅230万美元，削弱财报质量。
检索:Gentherm Q2 2026 gross margin cash flow restructuring M&A expenses 原文 ↗
工具调用 · 历史记录,结果未知(2 种)
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- stock_quote · 结果未知
原文全文
展开原文 · 2,331 字
Google raises annual spending estimates amid rapid AI infrastructure build-out
NOVI, Mich. - Gentherm Inc (NASDAQ:THRM) reported today second quarter product revenues of $416.2 million, an increase of 11.0% from $375.1 million in the prior year period. Excluding foreign currency translation impacts, product revenues increased 9.5%.
The thermal management and pneumatic comfort technology company’s automotive climate and comfort solutions revenue increased 14.1% year-over-year, or 12.7% excluding foreign currency impacts. This outperformed light vehicle production in the company’s relevant markets by 14 percentage points, according to a company statement.
Net income for the quarter was $4.4 million, compared to $0.5 million in the prior year. Adjusted EBITDA reached $48.8 million, or 11.7% of revenue, compared to $45.9 million, or 12.2% of revenue, in the second quarter of 2025.
Gross margin decreased to 23.2% from 23.9% in the prior year, primarily driven by higher material costs, including higher warranty accruals in automotive and medical segments.
The company raised its full year 2026 guidance. Product revenues are now expected to range from $1.55 billion to $1.65 billion, up from the previous range of $1.5 billion to $1.6 billion. Adjusted EBITDA guidance increased to $185 million to $200 million from $175 million to $195 million.
Gentherm’s board authorized a new stock repurchase program of up to $400 million, replacing the existing program which had approximately $110 million remaining. The new program becomes effective July 27, 2026 and will remain in effect for three years.
The company secured automotive new business awards totaling $690 million during the quarter and was selected by two North American furniture brands to supply climate and comfort solutions.
Gentherm completed the acquisition of Innovative Medical Equipment, LLC, provider of the ThermaZone thermal therapy device, expanding its thermal management product portfolio.
The quarter ended with net leverage of approximately 0.3x and liquidity of $502.3 million. Cash flow from operations was $2.3 million, compared to $31.7 million in the prior year, primarily due to restructuring and merger and acquisition expenses.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
NOVI, Mich. - Gentherm Inc (NASDAQ:THRM) reported today second quarter product revenues of $416.2 million, an increase of 11.0% from $375.1 million in the prior year period. Excluding foreign currency translation impacts, product revenues increased 9.5%.
The thermal management and pneumatic comfort technology company’s automotive climate and comfort solutions revenue increased 14.1% year-over-year, or 12.7% excluding foreign currency impacts. This outperformed light vehicle production in the company’s relevant markets by 14 percentage points, according to a company statement.
Net income for the quarter was $4.4 million, compared to $0.5 million in the prior year. Adjusted EBITDA reached $48.8 million, or 11.7% of revenue, compared to $45.9 million, or 12.2% of revenue, in the second quarter of 2025.
Gross margin decreased to 23.2% from 23.9% in the prior year, primarily driven by higher material costs, including higher warranty accruals in automotive and medical segments.
The company raised its full year 2026 guidance. Product revenues are now expected to range from $1.55 billion to $1.65 billion, up from the previous range of $1.5 billion to $1.6 billion. Adjusted EBITDA guidance increased to $185 million to $200 million from $175 million to $195 million.
Gentherm’s board authorized a new stock repurchase program of up to $400 million, replacing the existing program which had approximately $110 million remaining. The new program becomes effective July 27, 2026 and will remain in effect for three years.
The company secured automotive new business awards totaling $690 million during the quarter and was selected by two North American furniture brands to supply climate and comfort solutions.
Gentherm completed the acquisition of Innovative Medical Equipment, LLC, provider of the ThermaZone thermal therapy device, expanding its thermal management product portfolio.
The quarter ended with net leverage of approximately 0.3x and liquidity of $502.3 million. Cash flow from operations was $2.3 million, compared to $31.7 million in the prior year, primarily due to restructuring and merger and acquisition expenses.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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