Record Quarterly Revenue
Gentherm achieved record quarterly revenue of $387 million, driven by high demand for products and improved light vehicle industry production.
Automotive New Business Awards
Secured $745 million in Automotive new business awards, putting the company on track to deliver above $2 billion for the full year.
Strategic Conquest Win with Mercedes-Benz
Secured a strategic conquest win with Mercedes-Benz, displacing a competitor and marking the fourth global OEM to adopt Gentherm's Puls.A technology.
Operational Excellence and Cash Generation
Operational excellence initiatives contributed to $88 million in operating cash flow year-to-date, with net leverage standing at 0.2x.
Expansion into Adjacent Markets
Gentherm's efforts in expanding to adjacent markets, like furniture and commercial vehicles, have generated a commercial funnel of over $300 million of lifetime revenue.