Gentherm Inc 2026年季度报告

(Mark One) ☒Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2026 OR ☐Transition report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934For the transition period fromto.Commission File Number: 0-21810 GENTHERM INCORPORATED (Exact name of registrant as specified in its charter) Michigan(State or other jurisdiction ofincorporation or organization)28875 Cabot Drive, Novi, MI(Address of principal executive offices) 95-4318554(I.R.S. EmployerIdentification No.)48377(Zip Code) Registrant’s telephone number, including area code: (248) 504-0500 Securities registered pursuant to Section 12(b) of the Act: Trading SymbolTHRM Nameof each exchange on which registeredNasdaq Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Non-accelerated filer☐Emerging growth company☐ Smaller reporting company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of April 17, 2026, there were 30,667,290 issued and outstanding shares of Common Stock of the registrant. GENTHERM INCORPORATEDTABLE OF CONTENTS Part I. Financial InformationItem 1.Financial Statements (Unaudited)Consolidated Condensed Balance SheetsConsolidated Condensed Statements of Income (Loss)Consolidated Condensed Statements of Comprehensive (Loss) IncomeConsolidated Condensed Statements of Cash FlowsConsolidated Condensed Statements of Changes in Shareholders’ EquityNotes to Unaudited Consolidated Condensed Financial StatementsNote 1 - OverviewNote 2 - Recently Issued Accounting PronouncementsNote 3 - RestructuringNote 4 - Details of Certain Balance Sheet ComponentsNote 5 - Goodwill and Other IntangiblesNote 6 - DebtNote 7 - Commitments and ContingenciesNote 8 - Supplier Finance ProgramNote 9 - Earnings (Loss) Per ShareNote 10 - Financial InstrumentsNote 11 - Fair Value MeasurementsNote 12 - EquityNote 13 - Reclassifications Out of Accumulated Other Comprehensive LossNote 14 - Income TaxesNote 15 - Segment ReportingItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures About Market RiskItem 4.Controls and ProceduresPart II. Other InformationItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 5.Other InformationItem 6.ExhibitsSignatures PART I. FINANCIAL INFORMATION GENTHERM INCORPORATEDCONSOLIDATED CONDENSED BALANCE SHEETS(In thousands, except share data)(Unaudited) March 31, 2026December 31, 2025 GENTHERM INCORPORATED CONSOLIDATED CONDENSED STATEMENTS OF INCOME (LOSS)(In thousands, except per share data)(Unaudited) Three Months Ended March 31,20262025Product revenues$393,706$353,854Costof sales296,479267,389Gross margin97,22786,465Operating expenses:Net research and development expenses23,94624,216Selling, general and administrative expenses55,30538,478Restructuring expenses, net6,6914,514Loss on sale of land and building, net—2,196Total operating expenses85,94269,404Operating income11,28517,061Interest expense, net(2,633)(3,555)Foreign currency loss(1,060)(10,298)Other income (loss)22(1,124)Earnings before income tax7,6142,084Income tax expense3,3962,212Net income (loss)$4,218$(128)Basic earnings (loss) per share$0.14$(0.00)Diluted earnings (loss) per share$0.14$(0.00)Weighted average number of shares – basic30,51730,779Weighted average number of shares – diluted30,75730,779 GENTHERM INCORPORATEDCONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME(In thousands)(Unaudited) GENTHERM INCORPORATED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS(In thousands)(Unaudited) GENTHERM INCORPORATED Table of Cont