OLI recorded this information on 6/25/2018
Gentherm (NASDAQ:THRM), the global market leader and developer of innovative thermal management technologies, announced today that its Board of Directors authorized an increase in the company's stock repurchase plan to $300 million. This authorization is an increase to the existing $100 million stock purchase program that was authorized by the Company's Board of Directors in December 2016. The remaining authorized repurchase plan has been extended until December 2020 and, as of June 25, 2018, there is approximately $281.5 million available for repurchase under the repurchase plan, as amended.
Gentherm is a developer and marketer of thermal management technologies for a range of heating and cooling and temperature control applications. Co.'s products provide solutions for automotive passenger climate, battery thermal management, cell connecting systems and patient temperature management within the health care industry. Co. has two reportable segments: Automotive, which is comprised of its global automotive businesses, including its climate comfort systems, automotive cable systems, battery thermal management and automotive electronic and software systems; and Industrial, which includes its patient temperature management systems business and its research and development division.
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Hold (1.50 out of 4)