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.

Earnings data Q4 2021

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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.

Does Thermon Group (THR) have what it takes to be a top stock pick for momentum investors? Let's find out.

What Makes Thermon Group (THR) a Strong Momentum Stock: Buy Now?

Thermon Group (THR) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Thermon Group Holdings, Inc. (THR) Soars to 52-Week High, Time to Cash Out?

Thermon Group Holdings, Inc. (NYSE:THR ) Q2 2023 Results Conference Call November 3, 2022 10:00 AM ET Company Participants Ivonne Salem - Vice President, FP&A and Investor Relations Bruce Thames - President, CEO and Director Kevin Fox - Senior VP and CFO Conference Call Participants Brian Drab - William Blair Jon Braatz - Kansas City Capital Operator Greetings, and welcome to the Thermon Group Holdings Second Quarter Fiscal 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Thermon Group Holdings, Inc. (THR) Q2 2023 Earnings Call Transcript

Thermon Group (THR) delivered earnings and revenue surprises of 80.95% and 10.75%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Thermon Group (THR) Q2 Earnings and Revenues Beat Estimates

Revenue Up 24% with EPS Up $0.32; Raising Full Year Guidance AUSTIN, TX / ACCESSWIRE / November 3, 2022 / 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 2023") for the fiscal year ending March 31, 2023 ("Fiscal 2023"). Key highlights for Q2 2023 as compared to the three months ended September 30, 2021 ("Q2 2022") include: Produced revenue of $100.6 million, an increase24%, driven by sales growth in the US, Canada and Latin America Achieved a gross margin of 45.7%, as compared to 39.0%, due to higher volume, favorable mix, pricing realization and operational efficiency Realized fully diluted GAAP earnings per share ("EPS") of $0.33 and record non-GAAP adjusted EPS of $0.38, largely due to margin improvement and cost control Generated Net Income of $11.0 million, an increase of 2,203% and adjusted EBITDA of $21.9 million, an increase of 92%, driven by volume growth and prudent cost management Raising Fiscal 2023 revenue and earnings guidance due to continued strong market demand Bruce Thames, Thermon CEO and President said, "Building on the strong momentum from the first quarter, our global Thermon team delivered an outstanding performance with significantly improved profitability, including revenue growth of 24% and adjusted EBITDA growth of 92%.

Thermon Reports Second Quarter Fiscal 2023 Results

AUSTIN, TX / ACCESSWIRE / October 27, 2022 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the second quarter ended September 30, 2022, before the market opens on Thursday, November 3, 2022. 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 2023 Earnings Conference Call - November 3, 2022

International Flavors & Fragrances

AUSTIN, TX / ACCESSWIRE / September 6, 2022 / Thermon Group Holdings, Inc. (NYSE:THR) (" Thermon "), a global leader in industrial process heating solutions, today announced the appointment of Dr. Angela Strzelecki, President of the Pharmaceutical Solutions Division of International Flavors & Fragrances (NYSE:IFF), to its board of directors. John Nesser, Chairman of the board, said, "We are delighted that Angela has accepted our invitation to join the Thermon board of directors.

Thermon Elects Dr. Angela Strzelecki as Director

19 new highs and up 36.82% in the last month. Analysts have strong buy recommendations.

Thermon Group: Industrial Controls

Thermon Group Holdings Inc (NYSE:THR ) Q1 2023 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Ivonne Salem - Vice President, FP&A and Investor Relations Bruce Thames - President, CEO and Director Kevin Fox - Senior VP and CFO Conference Call Participants Jon Braatz - Kansas City Capital Brian Drab - William Blair Operator Greetings, ladies and gentlemen, and welcome to the Thermon Group Holdings First Quarter Fiscal 2023 Conference Call. [Operator Instructions] Please note that this conference is being recorded.

Thermon Group Holdings Inc (THR) CEO Bruce Thames on Q1 2023 Results - Earnings Call Transcript

Thermon Group (THR) delivered earnings and revenue surprises of 177.78% and 26.54%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Thermon Group (THR) Q1 Earnings and Revenues Surpass Estimates

Record Q1 revenue up 34%, Net Income up $6.9 million and Adjusted EBITDA growth of 106% versus Q1 2022 Record Q1 orders up 41% and Book to Bill of 1.16x, excluding the impact of a large, one-time contract Completed previously announced acquisition of Powerblanket, a leading provider of patented heat spreading technology to diversified end markets in North America Strong start of the year drives upward revision of Fiscal 2023 revenue and earnings guidance AUSTIN, TX / ACCESSWIRE / August 4, 2022 / 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 2023") for the fiscal year ending March 31, 2023 ("Fiscal 2023"). Key highlights for Q1 2023 as compared to the three months ended June 30, 2021 ("Q1 2022") include: Revenue of $95.4 million versus $71.2 million in Q1 2022, an increase of $24.3 million, or 34% Gross margin of 39.0%, as compared to 37.3% in Q1 2022 Net Income of $6.6 million as compared to Net Loss of $(0.3) million in Q1 2022 Adjusted EBITDA of $16.6 million versus $8.1 million in Q1 2022, an increase of $8.5 million or 106% Fully diluted GAAP earnings per share ("EPS") of $0.20 and Non-GAAP Adjusted EPS of $0.25 Bruce Thames, Thermon CEO and President said, "I am very pleased with the strong execution of our global Thermon team to start our fiscal year by achieving record revenue and bookings while driving exceptional operating leverage in the first quarter.

Thermon Reports First Quarter Fiscal 2023 Results

AUSTIN, TX / ACCESSWIRE / July 28, 2022 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the first quarter ended June 30, 2022, before the market opens on Thursday, August 4, 2022. 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 2023 Earnings Conference Call - August 4, 2022

Powerblanket is a leading provider of heated blankets built upon patented heat spreading technology and portable industrial chillers with a significant presence in industrial and commercial end-markets Complements Thermon's leading global expertise in thermal management technology while expanding into adjacent product lines and increasing access to growing, diversified end-markets AUSTIN, TX / ACCESSWIRE / June 1, 2022 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced it acquired Powerblanket, ("Powerblanket"), a leading North American supplier of heated blankets built upon patented heat spreading technology and portable industrial chillers. Powerblanket increases Thermon's exposure to growing industrial and commercial end-markets through its freeze protection, temperature control and flow assurance solutions.

Thermon Acquires Powerblanket

Thermon Group Holdings, Inc. (NYSE:THR ) Q4 2022 Earnings Conference Call May 26, 2022 11:00 AM ET Company Participants Ivonne Salem - Vice President, FP&A and Investor Relations Bruce Thames - President and Chief Executive Officer Kevin Fox - Chief Financial Officer Conference Call Participants Jon Braatz - Kansas City Capital Operator Greetings and welcome to the Thermon Group Holdings Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Thermon Group Holdings, Inc. (THR) CEO Bruce Thames on Q4 2022 Results - Earnings Call Transcript

Thermon Group (THR) delivered earnings and revenue surprises of 6.90% and 10.16%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Thermon Group (THR) Surpasses Q4 Earnings and Revenue Estimates

Revenue growth of 40% driven by continued strength in North America in Q4 2022 Orders up 42% and Book to Bill of 1.20x, excluding impact of a large, one-time contract Diverse end-markets now representing 60% of revenue, growing 44% in Fiscal 2022 Delivering profitable growth with Fiscal 2022 revenue up 29%, Net Income up $19.2 million versus Fiscal 2021 and Adjusted EBITDA growth of 61% Initiating full-year Fiscal 2023 revenue guidance of $350-$380 million or growth of 5-14% after excluding the impact of a one-time contract in Fiscal 2022 and GAAP EPS guidance of $0.74-$0.89 per share or growth of 23-48% AUSTIN, TX / ACCESSWIRE / May 26, 2022 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the fourth quarter ("Q4 2022") and full fiscal year ended March 31, 2022 ("Fiscal 2022"). Key highlights for Q4 2022 as compared to the three months ended March 31, 2021 ("Q4 2021") include: Revenue of $102.6 million versus $73.3 million in Q4 2021, an increase of $29.3 million, or 40% Gross margin of 40.1%, as compared to 36.6% in Q4 2021 Net Income of $8.7 million as compared to Net Loss of $(1.1) million in Q4 2021 Adjusted EBITDA of $18.3 million versus $5.8 million in Q4 2021, an increase of $12.5 million or 214% Fully diluted GAAP earnings per share ("EPS") of $0.26 and Non-GAAP Adjusted EPS of $0.31 "Thermon had a strong finish to the fiscal year, with profits growing faster than revenues, a positive book to bill ratio and managing another year without a lost time incident.

Thermon Reports Fourth Quarter Fiscal 2022 Results

AUSTIN, TX / ACCESSWIRE / May 19, 2022 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the fiscal year ended March 31, 2022, before the market opens on Thursday, May 26, 2022. 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 Full Year Fiscal 2022 Earnings Conference Call - May 26, 2022

Thermon Group (THR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Thermon Group (THR) Upgraded to Buy: What Does It Mean for the Stock?

Thermon Group Holdings' (THR) CEO Bruce Thames on Q3 2022 Results - Earnings Call Transcript

Revenue growth of 26% driven by improving North American customer activity Orders up 31% and Book to Bill of 1.02x, excluding a large, one-time contract Net Income up 82% due to increased volume and refinancing savings Raising full-year Fiscal 2022 revenue guidance to $342-$350 million due to backlog strength and incoming order rate trends AUSTIN, TX / ACCESSWIRE / February 3, 2022 / 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 2022") of its fiscal year ending March 31, 2022 ("Fiscal 2022"). Key highlights for Q3 2022 as compared to the three months ended December 31, 2020 ("Q3 2021") include: Revenue of $100.6 million versus $79.6 million in Q3 2021, an increase of $21.0 million, or 26% Gross margin of 40.5%, as compared to 46.4% in Q3 2021 Net Income of $11.3 million as compared to $6.2 million in Q3 2021 Adjusted EBITDA of $20.6 million versus $18.5 million in Q3 2021, an increase of $2.1 million or 11% Fully diluted GAAP earnings per share ("EPS") of $0.33 and Non-GAAP Adjusted EPS of $0.37 Bruce Thames, Thermon's President and Chief Executive Officer, said "Our third quarter results reflect strong performance in a challenging and dynamic global environment, including the continuation of broader industry disruptions in global supply chains, rising input costs and the inconsistent availability of labor.

Thermon Reports Third Quarter Fiscal 2022 Results

Thermon Group (THR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Thermon Group (THR) to Report Q3 Results: Wall Street Expects Earnings Growth

AUSTIN, TX / ACCESSWIRE / January 27, 2022 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the third quarter ended December 31, 2021, before the market opens on Thursday, February 3, 2022. 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 2022 Earnings Conference Call February 3, 2022

AUSTIN, TX / ACCESSWIRE / January 20, 2022 / Thermon Group Holdings, Inc. (NYSE:THR) (the "Company," "Thermon," "we" or "our") today announced that Roberto Kuahara will join the Company as Senior Vice President, Operations, effective February, 14, 2022, concurrent with Rene van der Salm, the Company's Senior Vice President, Operations, stepping down from that role. Mr. Kuahara joins the Company from SPM Oil & Gas, Inc., a subsidiary of Caterpillar, Inc., where he serves as the Vice President of Manufacturing and Supply Chain, Continuous Improvement and EHS.

Thermon Announces Senior Management Changes

Thermon Group (THR) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Thermon Group (THR) Moves to Buy: Rationale Behind the Upgrade

Thermon Group Holdings, Inc. (THR) CEO Bruce Thames on Q2 2022 Results - Earnings Call Transcript

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