Gentherm Inc
Gentherm (THRM) plans a Reverse Morris Trust business combination with Modine’s Performance Technologies division (SpinCo). The deal would create a $2.6B revenue company with EBITDA margins above 12% and under 70% light-vehicle exposure. Gentherm targets $3.5B revenue and over $0.5B EBITDA by 2030, including about $100M cross-selling synergies, pending a Sept. 10 vote and IRS ruling.
Gentherm Incorporated posted a presentation for the JP Morgan Automotive Conference on Aug. 13, 2026. It discusses its proposed combination with Platinum SpinCo Inc., a Modine Manufacturing Company subsidiary, and notes SEC effectiveness of Gentherm’s Form S-4 and SpinCo’s Form 10 on Aug. 12, 2026. The company also lifts 2026 guidance, per the filing.
Gentherm (THRM) and Modine are progressing a Reverse Morris Trust to combine Modine’s Performance Technologies business with Gentherm. Modine formed Platinum SpinCo, transferred the assets, and will distribute SpinCo shares to Modine holders. After distribution, SpinCo merges into Gentherm’s subsidiary. Target ownership is about 40%/60%, with an exchange ratio adjustable to meet tax needs. Illustrative merger consideration is ~20.85M Gentherm shares (~$882M) plus a planned $210M SpinCo cash dist
Over the past 7 days, alphai's AI scored 3 news stories mentioning THRM (Gentherm Inc). Coverage has skewed bullish: 2 bullish, 1 neutral, and 0 bearish.
Recent THRM coverage spans mergers & acquisitions, financial news and earnings.
In the last 30 days, THRM insiders filed 1 SEC Form 4 transaction — no purchases and 1 sale ($203K). The most active reporter was Kauffman Wayne S III, SVP and General Counsel, with 1 filing.
Deal terms and long-term targets can reprice THRM’s M&A risk, financing needs, and synergy credibility ahead of the September 10 vote and IRS ruling.
Guidance lift plus deal disclosure can re-rate Gentherm’s 2026 earnings outlook, while deal mechanics add execution and integration risk.
Deal structure is progressing via SEC registration effectiveness, but shareholder approvals are still required before issuance and merger closing.
The filing is a procedural update to the S-4, signaling ongoing deal documentation work rather than a new operating or financial datapoint.
Modine (NYSE: MOD) discussed its Q1 ended June 30, 2026 call and the planned Gentherm spin-off/merger involving Platinum SpinCo. Modine said filings are progressing, with Gentherm’s S-4 submitted and an IRS ruling expected before closing, targeted before year-end. It guided fiscal 2027 sales up 20% to 35% and adjusted EBITDA $650m to $680m.
alphai scores every news story that mentions THRM with an AI model for sentiment and relevance, and aggregates insider trades from Gentherm Inc's SEC EDGAR Form 4 filings. Figures refresh continuously.
Gentherm (THRM) plans a Reverse Morris Trust business combination with Modine’s Performance Technologies division (SpinCo). The deal would create a $2.6B revenue company with EBITDA margins above 12% and under 70% light-vehicle exposure. Gentherm targets $3.5B revenue and over $0.5B EBITDA by 2030, including about $100M cross-selling synergies, pending a Sept. 10 vote and IRS ruling.
6 min readGentherm Incorporated posted a presentation for the JP Morgan Automotive Conference on Aug. 13, 2026. It discusses its proposed combination with Platinum SpinCo Inc., a Modine Manufacturing Company subsidiary, and notes SEC effectiveness of Gentherm’s Form S-4 and SpinCo’s Form 10 on Aug. 12, 2026. The company also lifts 2026 guidance, per the filing.
4 min readGentherm (THRM) and Modine are progressing a Reverse Morris Trust to combine Modine’s Performance Technologies business with Gentherm. Modine formed Platinum SpinCo, transferred the assets, and will distribute SpinCo shares to Modine holders. After distribution, SpinCo merges into Gentherm’s subsidiary. Target ownership is about 40%/60%, with an exchange ratio adjustable to meet tax needs. Illustrative merger consideration is ~20.85M Gentherm shares (~$882M) plus a planned $210M SpinCo cash dist
5 min readGentherm Incorporated filed Amendment No. 2 to its Form S-4 registration statement with the SEC on Aug. 10, 2026, adding a tax opinion and a fee table. The filing relates to a proposed securities sale after the registration becomes effective and conditions in the related proxy statement/prospectus are met.
1 min readModine (NYSE: MOD) discussed its Q1 ended June 30, 2026 call and the planned Gentherm spin-off/merger involving Platinum SpinCo. Modine said filings are progressing, with Gentherm’s S-4 submitted and an IRS ruling expected before closing, targeted before year-end. It guided fiscal 2027 sales up 20% to 35% and adjusted EBITDA $650m to $680m.
7 min readKauffman Wayne S III (SVP and General Counsel) sold 4,700 shares of Gentherm Inc (THRM) at $43.21 ($0.20M total) on 2026-07-29.
2 min readGentherm reported Q2 2026 results and an earnings-call outlook. It cited 12.7% organic automotive growth versus a 3% global light-vehicle production decline, FDA 510(k) clearance for ThermAffyx, and an IME acquisition to access VA hospitals. Gentherm expects the Modine Performance Technologies merger to close in early Q4 2026, targeting $3.5B revenue by 2030, $400M buyback, and $800M committed financing.
6 min readSimply Wall St reports Gentherm (THRM) Q2 2026 revenue of $416.2m and basic EPS of $0.14. Trailing 12-month revenue is $1.58b with basic EPS $0.87 and a net margin of 1.7%, down from 2.2% a year earlier, after a $25.1m one-off loss. Shares trade at a trailing P/E of 49.3x versus peers 16.4x-20.6x.
6 min readGentherm (THRM) reported Q2 2026 product revenue of $416 million, up 11% year over year, with 9.5% organic growth. Automotive climate and comfort revenue rose 14.1% (12.7% ex FX). Adjusted EBITDA was $48.8 million and non-GAAP EPS $0.75. The company raised 2026 guidance to $1.6 billion revenue and $185-$200 million adjusted EBITDA, and authorized $400 million in buybacks.
6 min readGentherm (NASDAQ:THRM) reported adjusted EBITDA of $48.8M (11.7% of sales) and adjusted EPS of $0.75 for Q2. Management cited margin pressure from timing, inventory reductions and warranty accruals. Gentherm raised 2026 guidance to $1.6B revenue and $185M-$200M adjusted EBITDA, and expects ThermAffyx initial sales in Q3.
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