THRM PRESS-RELEASE SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

THRM ▲ +5.37% at T+20d

SHORT call ✗ call lost -5.37% · α vs SPY -0.74% · entry $29.61 → $31.20

Next anchor: T+60d in 5w

Last close $36.36 (close Jun 12) · -22.80% from $29.61 entry (call sign-flipped)

Entry anchored
Apr 22, 03:59 PM ET
via Databento tick

T+1d

+2.87%

call -2.87% · α -2.09%

$30.46

settled 7w ago

T+5d

-0.44%

call +0.44% · α +1.92%

$29.48

settled 7w ago

T+20d

+5.37%

call -5.37% · α -0.74%

$31.20

settled 25d ago

T+60d

—

call — · α —

—

in 5w

Price Chart

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Executive Summary

Gentherm reported Q1 2026 revenue of $393.7M (+11.3% YoY, +7.2% ex-FX) but GAAP EPS of $0.14 missed consensus of $0.51, driven by $14.8M in merger-related expenses. The company reaffirmed 2026 guidance and remains on track to close its transformational combination with Modine Performance Technologies by year-end.

Key Financial Metrics

Guidance

$1.5B – $1.6B

maintained

Free Cash Flow

-$10.7M

Gross Margin

24.7%

Actionable Insight

The stock will likely react negatively to the large GAAP EPS miss despite strong revenue and adjusted results. Monitor the Modine combination timeline and next quarter's GAAP profitability once merger costs subside. Reaffirmed guidance suggests underlying business is stable.

Key Facts

GAAP diluted EPS was $0.14, missing consensus of $0.51 by 72.5%
Revenue of $393.7M beat expectations of $362.2M and grew 11.3% YoY (7.2% ex-FX)
Adjusted EPS was $0.84, significantly above consensus, but not the Street-traded metric
Merger and acquisition expenses totaled $14.8M, the primary driver of the GAAP loss
Company reaffirmed full-year 2026 guidance: $1.5B–$1.6B revenue, $175M–$195M Adjusted EBITDA
Announced combination with Modine Performance Technologies remains on track to close in 2026

Financial Impact

GAAP net income was only $4.2M despite $394M in revenue due to $14.8M in merger-related costs; Adjusted EBITDA of $49.3M (12.5% margin) reflects underlying strength

epsnet_incomeoperating_incomeadjusted_ebitda

Risk Factors

Execution risk in closing and integrating the Modine Performance Technologies deal
Near-term volatility from merger-related expenses masking underlying profitability

Market Snapshot

Exchange

Nasdaq

Sector

Motor Vehicle Parts & Accessories

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3279676

7 reports for THRM

T+1T+5T+20T+60

100% Hit rate 3 of 3 directional calls best @ T+20▲ +5.37%Apr 23, 2026

Filters

Reports for THRM — sortable, filterable
	Type				Now
Jun 3, 2026 11d ago	425 NEUTRAL ★ 5/10	$37.93 $36.25	▼ −4.43%	▼ −1.83%	$36.36 (−4.14%)
May 19, 2026 26d ago	425 NEUTRAL ★ 3/10	$31.20 $31.83	▲ +2.02%	▲ +1.82%	$36.36 (+16.54%)
Apr 23, 2026 7w ago	425 BULLISH ★ 6/10	$30.46 $29.82	▼ −2.10%	▼ −2.27%	$36.36 (+19.37%)
Apr 23, 2026 7w ago	8-K BULLISH ★ 8/10	$29.61 $30.46	▲ +2.87%	▲ +2.09%	$36.36 (+22.80%)
Apr 23, 2026 7w ago	Press Release BEARISH ★ 7/10	$29.61 $30.46	▼ −2.87%	▼ −2.09%	$36.36 (−22.80%)
Apr 10, 2026 9w ago	DEFA14A NEUTRAL ★ 3/10	$29.42 $29.34	▼ −0.27%	▼ −1.48%	$36.36 (+23.59%)
Apr 9, 2026 9w ago	Press Release BEARISH ★ 5/10	$29.35 $29.30	▲ +0.17%	▲ +0.11%	$36.36 (−23.88%)

US Market Status

Market Closed — Opens in 4h 46m

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