Gentherm stock completes Modine deal and declares USD 2.07 dividend

Published on 10/04/2026 at 11:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gentherm stock completed its Modine combination on October 1, 2026, adding thermal technologies and a USD 2.07 special dividend. Second-quarter revenue reached USD 416.17 million.

THRM, US37253A1034, Illustration mit AI erstellt.

Gentherm stock completed the company's combination with Modine's Performance Technologies business on October 1, 2026, while the board declared a USD 2.07 special dividend payable October 7. The transaction expands Gentherm's thermal and precision flow management portfolio and adds a new division led by interim president Katrin Schatz.

Modine deal changes the scale

According to Gentherm in its October 1, 2026 release, Modine shareholders received 0.44619 Gentherm shares for each Modine share held on September 28. Those shareholders held 43.62 percent of the combined company's outstanding shares after closing, while existing Gentherm shareholders held 56.38 percent.

The transaction also adds a concrete cash event: Gentherm will pay USD 2.07 per share on October 7, 2026 to shareholders of record on September 28. The company said the combined group will serve light vehicles, commercial and heavy-duty vehicles, power generation and medical markets.

Quarterly revenue sets a benchmark

Gentherm reported second-quarter 2026 revenue of USD 416.17 million and net profit of USD 4.42 million, according to Markets Insider on October 3, 2026. Revenue was USD 375.09 million in the year-earlier quarter, making the latest figure 10.95 percent higher, while profit increased from USD 477,000 to USD 4.42 million.

The comparison matters because the acquisition now sits beside a business that was already producing quarterly revenue growth. Gentherm's investor materials describe the company as operating in 17 countries with more than 18,000 employees, giving the integration effort a broad operational footprint.

Analysts see value above the market

Markets Insider reported on October 3, 2026 that J.P. Morgan maintained a Buy rating with a USD 48.00 price target. The same report listed a Strong Buy consensus and an average target of USD 49.40, which stood 57.83 percent above the reference price of USD 31.30.

THRM trades below yearly high

THRM was last at USD 31.30 on Nasdaq on October 2, 2026 at 4:00 p.m. ET, down 6.93 percent, with volume of 6,121,130 shares. The stock's 52-week range was USD 27.00 to USD 48.35, while market capitalization was USD 961.1 million.