Gentherm Incorporated (NASDAQ:THRM) Q1 2021 Earnings Conference Call May 4, 2022 8:00 AM ET

Company Participants

Phil Eyler - President and Chief Executive Officer

Matteo Anversa - Chief Financial Officer

Yijing Brentano - Senior Vice President and Investor Relations Officer

Conference Call Participants

Luke Junk - Baird

Glenn Chin - Seaport Research Partners

Matt Koranda - Roth Capital

Ryan Sigdahl - Craig Hallum

Operator

Greetings. And welcome to the Gentherm 2022 First Quarter Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

I will now like turn the call over to Yijing Brentano, Senior Vice President of Strategic Corporate Development and Investor Relations. Thank you. You may begin.

Yijing Brentano

Thank you, and good morning, everyone. And thanks for joining us today. Gentherm's earnings and the announcement of agreement to acquire Alfmeier’s Automotive Business were released earlier this morning and a copies of the releases are available at gentherm.com. Additionally, a webcast replay of today's call will be available later today on the Investor Relations section of Gentherm's website.

During this call, we may make forward-looking statements within the meaning of Federal Securities laws. Statements reflect our current views with respect to future events and financial performance. And actual results may differ materially. We undertake no obligation to update them, except as required by law. Please see Gentherm's earnings release and its SEC filings, including the latest 10-K and subsequent reports for discussions of our risk factors and other risks and uncertainties underlying such forward-looking statements. During the call, we may discuss non-GAAP financial measures as defined by SEC Regulation G. Reconciliations of these non-GAAP financial measures to the comparable GAAP financial measures are included in our earnings release or investor presentation.

On the call with me today are Phil Eyler, President and Chief Executive Officer and Matteo Anversa, Chief Financial Officer. During their comments, Phil and Matteo will be referring to a presentation deck that we have made available on our website at gentherm.com/events. After their prepared remarks, we will be pleased to take your questions.

Now, I'd like to turn the call over to Phil.

Phil Eyler

Thank you, Yijing. Good morning, everyone. And thank you for joining us today. This morning we announced that we have entered into a definitive agreement to acquire Alfmeier’s Automotive Business. We're very excited about this transaction as it will create the largest global supplier of thermal and pneumatic seating comfort for the automotive industry. This transaction will expand Gentherm’s value proposition beyond thermal and comfort, health, wellness and energy efficiency. Before getting into the details of what this acquisition means for Gentherm, let me first provide a little background on the business that we're acquiring on slide 4.