Thermon Group Hlds

Thermon Group Holdings, Inc. engages in the development, manufacture, and trade of engineered thermal solutions for process industries. It operates through the following geographical segments: United States & Latin America (US-LAM), Canada, Europe, Middle East & Africa (EMEA), and Asia Pacific (APAC). Its products include electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products. The company was founded by Richard Burdick in October 1954 and is headquartered in Austin, TX.

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Thermon reports record Q4 2023 revenue and projects 7% growth for fiscal 2024

Thermon's Q4 2023 performance reflects strong revenue growth, record EBITDA, and a positive outlook for fiscal year 2024. The company's strategic pillars and incoming orders demonstrate resilience and potential for sustained growth. However, challenges related to maintaining margins and customer spending shifts require careful attention.

Thermon reports record Q1 revenue and raises full-year guidance

Thermon's Q2 2023 earnings call showcased impressive financial performance, with record revenue and strong guidance for the full year. The company's strategic focus on energy transition and innovative technology highlights its potential for sustained growth. However, the need for continued clarity on growth strategies and cost management was evident.

Thermon Group Hlds achieves record Q3 performance and focuses on long-term growth

Thermon Group Hlds reported robust financial performance in Q3 2023, driven by revenue growth, strong orders, and backlog. The company's strategic focus on decarbonization, new product development, and diversification aligns with its long-term goals. Challenges include the impact of withdrawing from Russia operations and ongoing supply chain issues, but sequential improvements are expected. Thermon's global presence, recurring revenues, and margin profile position it well for sustainable growth and value creation.

Thermon Group Hlds reports record FY 2023 revenue and profitability

Thermon Group Hlds (THR) delivered robust financial performance in FY 2023, marked by record revenue and profitability growth.
The company's strategic pillars and strong backlog position it well for future growth and success in FY 2024.
While challenges like market competition and economic uncertainties exist, Thermon's focus on sustainability and innovation presents promising opportunities for expansion and profitability.

Thermon Group Hlds reports record Q1 revenue and raises full-year guidance

Thermon Group Hlds (THR) delivered strong Q1 2024 results, showcasing revenue growth, profitability, and an optimistic outlook for continued expansion.
The company's strategic pillars of growth, innovation, and financial prudence underpin its success and resilience in a dynamic market environment.
While challenges exist, Thermon's focus on technology, diversification, and strategic growth avenues positions it well to navigate obstacles and capitalize on emerging opportunities.

Thermon Group thrives in Q2 with record revenue and diversified growth

Thermon Group's Q2 2024 performance reflects robust financial growth, driven by strategic pillars, diversified end markets, and a focus on process heating, positioning the company for sustained success.
While facing challenges in a competitive landscape and operational complexities, Thermon Group can leverage opportunities in renewables, process heating, and investor engagement to fuel future growth.
Investors should take note of Thermon's strong financial results, expanded revenue guidance, and upcoming Investor Day as indicators of its resilience, strategic focus, and growth potential.

Thermon Group Hlds reports robust Q3 earnings, eyes growth through acquisitions

Thermon Group Hlds excelled in Q3 2024, showcasing strong financial growth and strategic focus on key pillars. While facing potential challenges in organic growth and market dynamics, the company is well-positioned to capitalize on opportunities through acquisitions and innovative solutions.

Thermon Group Hlds reports record fiscal 2024 results and outlines growth strategies for sustainable future

Thermon Group Hlds achieved record fiscal 2024 results with strong financial performance, revenue diversification, and strategic acquisitions, positioning the company for sustainable growth.
The company's focus on balance sheet strength, cost optimization, and strategic pillars like decarbonization and digitization enhances competitiveness and resilience.
Challenges such as supply chain disruptions and market uncertainties are acknowledged, with proactive strategies in place to mitigate risks and capitalize on growth opportunities.
Fiscal 2025 revenue guidance and emphasis on long-term growth pillars underscore Thermon's commitment to driving innovation, diversification, and value creation for stakeholders.

Thermon Group Hlds reports revenue growth amidst operational challenges

Thermon Group Hlds (THR) delivered mixed Q1 2025 results with revenue growth from acquisitions but challenges in organic sales and project revenue. Despite this, the company maintains its full-year revenue guidance and focuses on operational excellence and debt reduction.
With a strong pipeline of decarbonization opportunities and a positive outlook on business stability and growth, Thermon Group Hlds (THR) is strategically positioned to capitalize on emerging market trends and drive long-term value for stakeholders.

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Thermon Group Holdings, Inc. engages in the development, manufacture, and trade of engineered thermal solutions for process industries. Its products include electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products. It operates through the following geographical segments: United States and Latin America, Canada, Europe, Middle East and Africa, and Asia Pacific. The company was founded by Richard L. Burdick in October 1954 and is headquartered in Austin, TX.

Thermon Group Holdings Inc. (NYSE:THR ) Q2 2025 Earnings Call Transcript November 7, 2024 11:00 AM ET Company Participants Ivonne Salem - Vice President of FP&A and Investor Relations Bruce Thames - President, Chief Executive Officer and Director Jan Schott - Chief Financial Officer Conference Call Participants Justin Ages - CJS Securities Brian Drab - William Blair Jon Braatz - Oppenheimer Operator Greetings and welcome to Thermon Group Holdings Inc.'s Earnings Call for the Second Quarter 2025. At this time, all participants are on a listen-only mode.

Thermon Group Holdings Inc. (THR) Q2 2025 Earnings Call Transcript

Correction to table "FISCAL 2025 OUTLOOK" AUSTIN, TX / ACCESSWIRE / November 8, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025"). SECOND QUARTER 2025 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Revenue of $114.6 million, (7.4)% Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4% Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS) Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non-GAAP) Adjusted EBITDA (non-GAAP) of $23.8 million, (14.1)%; Adjusted EBITDA margin (non-GAAP) of 20.8% New orders of $131.1 million, +12.6%; book-to-bill ratio of 1.14x Net Leverage ratio of 1.3x as of September 30, 2024 Updating full-year 2025 guidance MANAGEMENT COMMENTARY "Our second quarter results once again demonstrated the benefits of our disciplined execution against our key strategic pillars, highlighted by continued momentum in bookings during the quarter and the ability to strategically deploy capital in support of our growth initiatives, including our recent acquisition of F.A.T.I.

CORRECTION FROM SOURCE: Thermon Reports Second Quarter Fiscal 2025 Results

Thermon Group (THR) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.49 per share a year ago.

Thermon Group (THR) Q2 Earnings Top Estimates

AUSTIN, TX / ACCESSWIRE / November 7, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025"). SECOND QUARTER 2025 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Revenue of $114.6 million, (7.4)% Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4% Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS) Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non-GAAP) Adjusted EBITDA (non-GAAP) of $23.8 million, (14.1)%; Adjusted EBITDA margin (non-GAAP) of 20.8% New orders of $131.1 million, +12.6%; book-to-bill ratio of 1.14x Net Leverage ratio of 1.3x as of September 30, 2024 Updating full-year 2025 guidance MANAGEMENT COMMENTARY "Our second quarter results once again demonstrated the benefits of our disciplined execution against our key strategic pillars, highlighted by continued momentum in bookings during the quarter and the ability to strategically deploy capital in support of our growth initiatives, including our recent acquisition of F.A.T.I.

Thermon Reports Second Quarter Fiscal 2025 Results

AUSTIN, TX / ACCESSWIRE / October 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the second quarter ended September 30, 2024, before the market opens on Thursday, November 7, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Jan Schott, Senior Vice President and Chief Financial Officer, will host a conference call at 10:00 a.m.

Thermon Schedules Second Quarter Fiscal 2025 Earnings Conference Call - November 7, 2024

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Thermon Group Holdings, Inc. THR has acquired Italy-based Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. ("F.A.T.I.

Thermon Boosts Portfolio With F.A.T.I. Buyout: Will Stock Gain?

Thermon Group Holdings, Inc.'s shares have come down to $28, presenting a compelling valuation at 14 times forward earnings, with leverage down to 1.2 times EBITDA. Despite softer organic performance and risks to full-year guidance, long-term ambitions and recent acquisitions support a modest investment position. The company provides industrial heating solutions, yet has diversified quite a bit away from oil and gas, aiming for $600-$700 million in sales by 2026.

Thermon Group: Warming Up To The Shares Again (Rating Upgrade)

AUSTIN, TX / ACCESSWIRE / October 3, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced the acquisition of Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. ("F.A.T.I.

Thermon Expands Electric Heater Offering Through Acquisition of F.A.T.I.

AUSTIN, TX / ACCESSWIRE / September 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced two key additions to its senior leadership team. Jan L. Schott will join the Company as Senior Vice President and Chief Financial Officer, effective October 14, 2024, and Greg Lucas has been promoted to the role of Vice President and Chief Accounting Officer, effective as of the same date.

Thermon Appoints Jan L. Schott as Chief Financial Officer and Promotes Greg Lucas to Chief Accounting Officer

Thermon Group Holdings Inc. (NYSE:THR ) Q1 2025 Earnings Conference Call August 7, 2024 11:00 AM ET Company Participants Ivonne Salem - Vice President of FP&A and Investor Relations Bruce Thames - President, Chief Executive Officer and Director Greg Lucas - Chief Financial Officer Conference Call Participants Brian Drab - William Blair Justin Ages - CJS Securities Jon Braatz - Kansas City Capital Operator Hello and welcome to the Thermon Q1 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Thermon Group Holdings Inc. (THR) Q1 2025 Earnings Call Transcript

Thermon Group (THR) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.40 per share a year ago.

Thermon Group (THR) Tops Q1 Earnings and Revenue Estimates

AUSTIN, TX / ACCESSWIRE / August 7, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the first quarter ("Q1 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025"). FIRST QUARTER 2025 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Revenue $115.1 million, +7.7% Gross profit of $50.4 million, +6.6%; Gross Margin of 43.8% Net Income of $8.5 million, -22.0%, or $0.25 earnings per diluted share; Adjusted Net Income of $13.1 million, or $0.38 Adjusted earnings per diluted share Adjusted EBITDA of $23.2 million, +5.0%; Adjusted EBITDA margin of 20.2% New orders of $127.2 million, +11.5%; book-to-bill ratio of 1.1x Net Leverage ratio of 1.1x as of June 30, 2024 Reiterate full-year Fiscal 2025 financial guidance MANAGEMENT COMMENTARY "I am extremely proud of our strong execution during the first quarter, highlighted by favorable momentum in our diversified end markets, the successful integration and positive contribution from our Vapor Power acquisition, and disciplined financial management leading to solid free cash flow conversion," stated Bruce Thames, President and CEO of Thermon.

Thermon Reports First Quarter Fiscal 2025 Results

AUSTIN, TX / ACCESSWIRE / July 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the first quarter ended June 30, 2024, before the market opens on Wednesday, August 7, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Greg Lucas, Vice President, Corporate Controller, will host a conference call at 10:00 a.m.

Thermon Schedules First Quarter Fiscal 2025 Earnings Conference Call - August 7, 2024

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Recent Price Trend in Thermon Group (THR) is Your Friend, Here's Why

Thermon Group (THR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

After Plunging -18.3% in 4 Weeks, Here's Why the Trend Might Reverse for Thermon Group (THR)

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Thermon Group (THR) is on the Move, Here's Why the Trend Could be Sustainable

Thermon Group (THR) posts healthy fiscal fourth quarter performance driven by decarbonization initiatives and strong sales across diversified end markets.

Thermon Group's (THR) Q4 Earnings Beat, Revenues Rise Y/Y

Thermon Group Holdings Inc (NYSE:THR ) Q4 2024 Results Conference Call May 29, 2024 11:00 AM ET Company Participants Ivonne Salem - Vice President of FP&A and Investor Relations Bruce Thames - President, CEO & Director Greg Lucas - CFO Conference Call Participants Justin Ages - CJS Securities Chip Moore - ROTH MKM Brian Drab - William Blair Operator Good morning, and welcome to the Thermon Group Holdings Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Thermon Group Holdings Inc (THR) Q4 2024 Earnings Call Transcript

Thermon Group (THR) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.41 per share a year ago.

Thermon Group (THR) Beats Q4 Earnings and Revenue Estimates

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AUSTIN, TX / ACCESSWIRE / April 3, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced that Kevin Fox, Senior Vice President and Chief Financial Officer of the Company, will be departing Thermon to pursue another opportunity, effective April 12, 2024. The Company has begun a search to consider both internal and external candidates for the Chief Financial Officer role.

Thermon Announces Senior Leadership Changes

AUSTIN, TX / ACCESSWIRE / March 15, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced that its Board of Directors (the "Board") has authorized the repurchase of up to $50 million of Thermon's outstanding shares of common stock through March 15, 2027 (the "Repurchase Program"). Bruce Thames, Thermon's President and Chief Executive Officer, commented, "Today's authorization of Thermon's inaugural Repurchase Program underscores the Board's confidence in our long-term strategy and growth trajectory, as we continue our transformative journey to becoming the world leader in industrial process heating.

Thermon Announces Inaugural $50 Million Share Repurchase Program

Thermon Group Holdings, Inc. (THR) Q3 2024 Earnings Call Transcript

Correction to headline "Adjusting EPS Guidance"; no change to updated EPS or Adjusted EPS guidance range Continuing Double-Digit Revenue, Net Income and EPS Growth Deploying Capital to Drive Inorganic Growth Raising FY 2024 Revenue and Adjusting EPS Guidance AUSTIN, TX / ACCESSWIRE / February 1, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the third quarter ("Q3 2024") of the fiscal year ending March 31, 2024 ("Fiscal 2024"). Key highlights for Q3 2024 as compared to the three months ended December 31, 2022 ("Q3 2023") include: Produced record revenue of $136.4 million, an increase of 12%, driven by sales growth in US-LAM, Europe and Asia Pacific Realized fully diluted GAAP earnings per share ("EPS") of $0.46 and record non-GAAP adjusted EPS of $0.59, an increase of 86% and 13% respectively, due to continued growth led by the US-LAM region Generated net income of $15.8 million, an increase of 88%, and Adjusted EBITDA of $30.7 million, an increase of 3%, driven by volume growth and effective cost management Achieved gross profit of $57.4 million, an increase of 14%, and gross margin of 42.1%, as compared to 41.3%, an expansion of approximately 80 basis points due to higher volume and non-recurring charges from the Russia Exit in Q3 2023 Delivered bookings of $124.4 million, a contraction of 1%, with 70% of orders in diversified end markets, and a book-to-bill ratio of 0.91x Closed the acquisition of Vapor Power in December 2023, our strategy to capture share in rapidly growing, diversified end-markets driven by decarbonization and electrification trends "This was another solid quarter for Thermon, with continued growth in revenue, gross profit, net income and fully diluted GAAP EPS.

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