Gentherm reported third quarter 2026 product revenue of $405.1 million, exceeding analyst projections despite a significant miss on adjusted earnings. The company completed its transformative acquisition of Modine Performance Technologies on October 1, 2026, leading to a substantial upward revision of full-year guidance and the commencement of a $400 million share repurchase program.

Key Highlights

  • Product revenue grew 4.7% year-over-year to $405.1 million, beating the $372.5 million consensus estimate.
  • Adjusted EPS of $0.33 fell significantly short of the $0.67 analyst estimate, impacted by higher net material costs, inflation, and foreign exchange headwinds.
  • Adjusted EBITDA margin contracted to 11.1%, missing the 12.8% target as cost pressures offset strong operating leverage.
  • Secured $555 million in new automotive business awards during the quarter, including wins for ThermAffyx and Puls.A technologies.
  • Raised FY 2026 revenue guidance to a midpoint of $1.875 billion, up from $1.6 billion, to reflect the contribution of the Modine acquisition.