Strong New Business Awards
Gentherm secured over $600 million in new business awards in Q2, with $1 billion year-to-date, including a significant award from Ford for their F-Series platform.
Pneumatic, Lumbar, and Massage Growth
This product line grew more than 20% in 2024 from the prior year, and over 15% year-to-date. The company projects growth to over $300 million by 2027.
Expansion into Adjacent Markets
Gentherm secured 5 new awards in the quarter across commercial vehicle programs and powersports platforms, indicating successful diversification beyond the light vehicle market.
Strong Financial Position
Gentherm has generated $32 million in operating cash flow year-to-date, with a net debt of $81 million and available liquidity of $416 million.