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 (THR) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.52 per share a year ago.

Thermon Group (THR) Beats Q3 Earnings and Revenue Estimates

Continuing Double-Digit Revenue, Net Income and EPS Growth Deploying Capital to Drive Inorganic Growth Raising FY 2024 Revenue and 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.

Thermon Reports Third Quarter Fiscal 2024 Results

AUSTIN, TX / ACCESSWIRE / January 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the third quarter ended December 31, 2023, before the market opens on Thursday, February 1, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Kevin Fox, Senior Vice President and Chief Financial Officer, will host a conference call at 10:00 a.m.

Thermon Schedules Third Quarter Fiscal 2024 Earnings Conference Call - February 1st, 2024

Thermon Group is a diversified industrial technology company with organic growth accelerating thanks to the energy transition. The company serves a wide range of markets, including the energy sector, chemical, power generation, and commercial and industrial applications. Thermon started 2024 with a substantial acquisition, acquiring Vapor Power, which will boost sales by about 10%.

Thermon Group: Warming Up To This Heating Play

Vapor Power is a leading provider of industrial process heating solutions, including electric, electrode and gas fired boiler technology Leverages Thermon's leading global expertise in thermal management technology across a wide array of diverse markets Accelerates strategy to capture share in rapidly growing, diversified end-markets driven by decarbonization and electrification trends AUSTIN, TX / ACCESSWIRE / January 2, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced it acquired Vapor Power International and its affiliates, ("Vapor Power"), a leading provider of high-quality industrial process heating solutions. Thermon's CEO and President Bruce Thames said, "I am pleased to announce our recent acquisition of Vapor Power, an innovative, growing company specializing in electric and gas fired boilers.

Thermon Acquires Vapor Power

AUSTIN, TX / ACCESSWIRE / December 7, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) (" Thermon "), a global leader in industrial process heating solutions, today announced the appointment of Mr. Victor L. Richey, retired Chairman and Chief Executive Officer of ESCO Technologies, Inc (NYSE: ESE) (" ESCO "), to Thermon's board of directors (the " Board ").

Thermon Appoints Victor L. Richey to Board of Directors

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Highlights Strategy to Create Long-term Shareholder Value Increases Fiscal 2026 Financial Targets AUSTIN, TX / ACCESSWIRE / November 14, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, will host its inaugural investor day in New York City today, Tuesday, November 14, 2023 starting at 9:00 a.m. EST. The event will be available via a live webcast on the investor relations section of the Company's website at http://ir.thermon.com and by replay shortly after the event.

Thermon to Host 2023 Investor Day

AUSTIN, TX / ACCESSWIRE / November 8, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, is pleased to announce that John U. Clarke has been appointed non-executive chairman of the board of directors of the Company (the "Board").

Thermon Announces John U. Clarke to Succeed John Nesser as Chairman of Thermon Board of Directors

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Thermon Group (THR) Is a Great Choice for 'Trend' Investors, Here's Why

Thermon Group Holdings, Inc. (NYSE:THR ) Q2 2024 Results Earnings Conference Call November 2, 2023 11:00 AM ET Company Participants Ivonne Salem - Vice President, FP&A and Investor Relations Bruce Thames - President and Chief Executive Officer Kevin Fox - Senior Vice President and Chief Financial Officer Conference Call Participants Brian Drab - William Blair Jonathan Braatz - Kansas City Capital Associates Operator Greetings. And welcome to the Thermon Group Holdings, Inc. Second Quarter 2024 Earnings Conference Call.

Thermon Group Holdings, Inc. (THR) Q2 2024 Earnings Call Transcript

Thermon Group (THR) came out with quarterly earnings of $0.49 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.38 per share a year ago.

Thermon Group (THR) Q2 Earnings and Revenues Surpass Estimates

Continuing Double-Digit Revenue, Net Income, Adjusted EBITDA, and EPS Growth Raising FY 2024 Revenue and EPS Guidance AUSTIN, TX / ACCESSWIRE / November 2, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the second quarter ("Q2 2024") of the fiscal year ending March 31, 2024 ("Fiscal 2024"). Key highlights for Q2 2024 as compared to the three months ended September 30, 2022 ("Q2 2023") include: Produced record revenue of $123.7 million, an increase of 23%, driven by sales growth in the US, Europe and Asia Pacific Realized fully diluted GAAP earnings per share ("EPS") of $0.43 and record non-GAAP adjusted EPS of $0.49, an increase of 33% and 30% respectively due to operating margin improvement and ongoing disciplined cost control Generated net income of $14.7 million, an increase of 34%, and Adjusted EBITDA of $27.7 million, an increase of 27%, driven by volume growth and effective cost management Achieved gross profit of $54.5 million, an increase of 19%, and gross margin of 44.0%, as compared to 45.7%, a contraction of approximately 170 basis points due to mix Reached bookings of $116.4 million, an increase of 22%, driven by 73% of orders in diversified end markets, and a book-to-bill ratio of 0.94x "This was another excellent quarter for Thermon, with record revenue, gross profit and non-GAAP adjusted EPS.

Thermon Reports Second Quarter Fiscal 2024 Results

AUSTIN, TX / ACCESSWIRE / October 27, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the second quarter ended September 30, 2023, before the market opens on Thursday, November 2, 2023. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Kevin Fox, Senior Vice President and Chief Financial Officer, will host a conference call at 10:00 a.m.

Thermon Schedules Second Quarter Fiscal 2024 Earnings Conference Call - November 2, 2023

Thermon Group focuses on optimizing manufacturing processes and enhancing productivity while keeping operational costs in check. They implemented and will continue to improve manufacturing principles, automation technologies, and data analytics to reduce lead times, minimize waste, and improve product quality. Thermon's balance sheet is solid and has improved since my previous article.

Thermon Group: Growth Through Future Operational Excellence Combined With Improved Cash Flows

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Here's Why Momentum in Thermon Group (THR) Should Keep going

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AUSTIN, TX / ACCESSWIRE / September 6, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, announced today that it will host its inaugural investor day in New York City at 9:00am on Tuesday, November 14, 2023. Bruce Thames, President and CEO, and Kevin Fox, CFO, will be joined by other members of the executive management team to present an in-depth review of the Company's overall business, financial performance, long-term strategy and outlook, as well as key initiatives such as how the Company is enabling the energy transition, new product development, and operational excellence.

Thermon to Host Investor Day on November 14, 2023

Thermon Group Holdings, Inc. (NYSE:THR ) Q1 2024 Earnings Conference Call August 3, 2023 11:00 AM ET Company Participants Ivonne Salem - VP, FP&A and IR Bruce Thames - President and CEO Kevin Fox - SVP and CFO Conference Call Participants Tyler Hutin - William Blair Jonathan Braatz - Kansas City Capital Associates Operator Greetings and welcome to the Thermon First Quarter 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded.

Thermon Group Holdings, Inc. (THR) Q1 2024 Earnings Call Transcript

Thermon Group (THR) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.25 per share a year ago.

Thermon Group (THR) Surpasses Q1 Earnings and Revenue Estimates

Continuing Double-Digit Revenue, Adjusted EBITDA, and EPS Growth Raising FY 2024 Revenue and EPS Guidance AUSTIN, TX / ACCESSWIRE / August 3, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the first quarter ("Q1 2024") of the fiscal year ending March 31, 2024 ("Fiscal 2024"). Key highlights for Q1 2024 as compared to the three months ended June 30, 2022 ("Q12023") include: Produced record revenue of $106.9 million, an increase of 12%, driven by sales growth in North America and Asia Pacific Realized fully diluted GAAP earnings per share ("EPS") of $0.32 and non-GAAP adjusted EPS of $0.40, an increase of 65% and 60% respectively due to margin improvement and effective cost control Generated net income of $10.9 million, an increase of 67%, and Adjusted EBITDA of $22.1 million, an increase of 33%, driven by volume growth and prudent cost management Achieved gross profit of $47.3 million, an increase of 27%, and gross margin of 44.3%, as compared to 39.0%, an expansion of 530 basis points Reached bookings of $120.1 million, with a book-to-bill ratio of 1.12x "The Thermon team once again executed well and delivered an excellent start to Fiscal 2024, with record revenue, Adjusted EBITDA and earnings per share in the first quarter," said Bruce Thames, President and CEO.

Thermon Reports First Quarter Fiscal 2024 Results

AUSTIN, TX / ACCESSWIRE / July 27, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the first quarter ended June 30, 2023, before the market opens on Thursday, August 3, 2023. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Kevin Fox, Senior Vice President and Chief Financial Officer, will host a conference call at 10:00 a.m.

Thermon Schedules First Quarter Fiscal 2024 Earnings Conference Call - August 3, 2023

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