Gentherm Company profile
About Gentherm Inc
Gentherm Incorporated is a global developer and marketer of thermal management technologies for a range of heating, cooling and temperature control applications. The Company has two segments: Automotive and Medical. The Automotive segment comprises the results from its global automotive businesses. The Medical segment represents the combined results from its patient temperature management systems business, remote power generation systems business, Gentherm Global Power Technologies (GPT), environmental test equipment business, Cincinnati Sub Zero industrial chamber business (CSZ-IC) and non-automotive expenses from its research and development division. Its products provide solutions for automotive passenger comfort and convenience, battery thermal management, remote power generation, patient temperature management, environmental product testing, and other consumer and industrial temperature control needs.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Gentherm Inc revenues increased 15% to $1.05B. Net income increased 57% to $93.4M. Revenues reflect Automative segment increase of 15% to $1B, China segment increase of 41% to $142.8M, Other segment increase of 16% to $223.5M, United States segment increase of 7% to $404.5M. Net income benefited from Automative segment income increase of 18% to $163M, Reconciling Items segment loss decrease of 8% to $46.2M.
Equity composition
Common Stock no Par, 05/11, 30M auth., 22,039,113 issd., Insiders own 3.09%. IPO 6/93, 2M shs @ $16 by DH Blair. PO 2/97, 17K units (280 Cmn. + 280 wrnt.) @ $5 by Salomon Bros. Preferred Stock no Par, 9K auth./issd. *6/00, Class A Common Stock has been renamed Common Stock. FY'00, Qs are reclass. FY'04 Qs are being reclassified.
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