Gentherm Announces New Stock Repurchase Authorization
Gentherm Inc (THRM)
Last gentherm inc earnings: 2/19 06:00 am
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US:NASDAQ Investor Relations:
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Source: GlobeNewswire
NORTHVILLE, Mich., June 05, 2024 (GLOBE NEWSWIRE) -- Gentherm (NASDAQ: THRM), the global market leader of innovative thermal management and pneumatic comfort technologies for the automotive industry and a leader in medical patient temperature management systems, today announced that its Board of Directors authorized a new stock repurchase program of $150 million of the Company’s issued and outstanding common stock. The new program will take effect upon the conclusion of Gentherm’s current program that began in 2020. As of June 4, 2024, the current stock repurchase program had approximately $26 million of repurchase authorization remaining. “The new stock repurchase program reflects the Board of Director’s confidence in Gentherm’s future performance and our ability to generate strong cash flow,” said Phil Eyler, President and CEO. “This program demonstrates our commitment to driving value for our shareholders.” The number of shares repurchased and the timing of the repurchases und
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THRM
Earnings
- 4/30/24 - Beat
THRM
Sec Filings
- 6/7/24 - Form 4
- 6/5/24 - Form 8-K
- 6/5/24 - Form 144
- THRM's page on the SEC website