Gentherm Inc · NASDAQ:THRM
Gentherm — Q3 2026 Earnings Presentation
14 slides from Gentherm's earnings presentation, Oct 22, 2026
Slide 1: 2026 Third Quarter Results
2026 Third Quarter Results October 22, 2026 Proprietary © Gentherm
Slide 2: Disclaimer
Disclaimer Except for historical information contained herein, statements in this presentation are forward-looking statements that are made by Gentherm Incorporated (the “Company”) pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements that add
Slide 3: A New Gentherm
A New Gentherm A global leader of innovative thermal and precision flow management technologies Leader of innovative thermal, comfort and valve solutions Leader of highly engineered, mission-critical thermal solutions Diversified end markets Expanded product platforms Clear path for value creation $
Slide 4: Year-to-Date Highlights
Year-to-Date Highlights → Strong Automotive Climate and Comfort Solutions $1.6B $1.2B growth over market across all regions and product categories Automotive Product New Business Revenues → Automotive New Business Awards of $555M in the Awards third quarter; on track to secure $2B+ for fourth consec
Slide 5: Third Quarter Financial Review
Third Quarter Financial Review Revenue Adjusted EBITDA Adjusted Free Cash Flow $405M $45.0M $59.5M +4.4% ex-FX 11.1% margin Conversion rate of ~42% $72 $387 $405 $49.0 $45.0 $59 12.7% 11.1% 3Q25 3Q26 3Q25 3Q26 3Q25 YTD 3Q26 YTD • Automotive Climate and Comfort • Strong operating leverage and continu
Slide 6: 2026 Guidance
2026 Guidance Updated to reflect the expected Q4 contribution from Modine Performance Technologies As of Jul 2026 As of Oct 2026 Comments • Maintained mid-point of prior Product $1.55B – $1.65B guidance; performance trending Revenues $1.825B – $1.925B above that level ~5% growth YoY (ex-fx) • Assume
Slide 7: Why Gentherm?
Why Gentherm? Innovative leader uniquely positioned for Continuous improvement mindset to drive Strong financial position with ability profitable growth driven by scalable margin expansion and solid cash flow to efficiently deploy capital and drive technology platforms and broad market conversion sh
Slide 8: Appendix
Appendix Proprietary © Gentherm
Slide 9: Use of Non-GAAP Financial Measures
Use of Non-GAAP Financial Measures In addition to the results reported herein in accordance with GAAP, the Company has provided here or may discuss on the related conference call adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”); Adjusted EBITDA margin; Adju
Slide 10: Select Income Statement Data
Select Income Statement Data Three Months Ended September 30 Nine Months Ended September 30 (Dollars in thousands, except per share data) 2026 2025 2026 2025 Product Revenues $ 405,102 $ 386,870 $ 1,214,974 $ 1,115,814 Automotive 390,597 374,211 1,177,578 1,079,937 Medical 14,505 12,659 37,396 35,87
Slide 11: Select Balance Sheet Data
Select Balance Sheet Data (Dollars in thousands) September 30, 2026 December 31, 2025 Cash and Cash Equivalents $ 252,098 $ 160,833 Total Assets 1,562,299 1,396,429 Debt 320,443 189,073 Current 912 73 Non-Current 319,531 189,000 Revolving LOC Availability 242,141 307,935 Total Liquidity 494,239 468,
Slide 12: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin Three Months Ended September 30 Nine Months Ended September 30 (Dollars in thousands) 2026 2025 2026 2025 Net (Loss) Income $ (2,590) $ 14,949 $ 6,048 $ 15,298 Add Back: Depreciation and Amortization 14,704 13,274 43,087 39,120 Income Tax
Slide 13: Reconciliation of Adjusted EPS
Reconciliation of Adjusted EPS Three Months Ended September 30 Nine Months Ended September 30 2026 2025 2026 2025 Diluted EPS - As Reported $ (0.08) $ 0.49 $ 0.19 $ 0.50 Amortization of Acquisition Related Intangibles 0.08 0.05 0.19 0.16 Restructuring Expenses, net 0.16 0.13 0.56 0.34 Unrealized Cur
Slide 14: Reconciliation of Financial Figures
Reconciliation of Financial Figures Modine Performance Technologies LTM September 30, LTM June 30, (Dollars in millions) 2025 2026 Reported Revenue $1,129 $1,124 Less: Pro Forma Adjustments (21) (3) Pro Forma Adjusted Revenue $1,108 $1,121 Adjusted EBITDA as per Modine Reporting $152 $155 Less: Pro