Gentherm posts record Q2 revenue, triples buyback, reaffirms Modine deal
Plus: Intermountain Health cuts 93 roles closing clinics in Colorado and Montana. The day's rules, money, and enforcement, sourced and tiered below.
Plus: Intermountain Health cuts 93 roles closing clinics in Colorado and Montana. The day's rules, money, and enforcement, sourced and tiered below.
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American Health Intel
Rules · Money · Medicine · Decoded daily
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| The Ledger |
Saturday, July 25, 2026 |
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Gentherm posts record Q2 revenue, triples buyback, reaffirms Modine deal
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Plus: Intermountain Health cuts 93 roles closing clinics in Colorado and Montana. The day's rules, money, and enforcement, sourced and tiered below.
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Earnings Confidence: High
Gentherm, the automotive and medical device maker behind seat heating and the non-opioid ThermaZone pain-therapy device, posted record quarterly revenue and nearly tripled its stock buyback to $400 million.
Q2 revenue hit $416.2M, up 11%. Gentherm raised FY26 guidance and reaffirmed its roughly $1 billion Reverse Morris Trust combination with Modine's Performance Technologies unit, on track to close early Q4.
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Why it matters
This is a routine earnings beat with a bigger stock buyback, not something most patients will notice directly, but it points to steady demand in the medical device supply chain.
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Other Confidence: Medium
Intermountain Health, the Salt Lake City nonprofit hospital system, is closing clinics across Colorado and Montana this week and cutting about 93 leadership and staff jobs, citing long-term financial pressure.
Colorado loses two occupational health clinics and a sports-medicine clinic; Montana loses a Lewistown family-medicine clinic. Bariatric surgery stays. Changes took effect July 24. Severance offered where applicable.
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Why it matters
If you're a patient at one of the closed clinics, you'll need to find a new care location; the cuts show even a large nonprofit system tightening its footprint.
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