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.

Thermon Group (THR) delivered earnings and revenue surprises of 0.00% and 11.33%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Thermon Group (THR) Q2 Earnings Meet Estimates

Revenue growth of 22% driven by accelerating global economic recovery Orders up 59% including a large, one-time North American contract Run-rate spending in line with Fiscal 2022 target Raising full-year Fiscal 2022 revenue guidance to $330-$345 million due to backlog strength and incoming order rate trends AUSTIN, TX / ACCESSWIRE / November 9, 2021 / 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 2022") of its fiscal year ending March 31, 2022 ("Fiscal 2022"). Key highlights for Q2 2022 as compared to the three months ended September 30, 2020 ("Q2 2021") include: Revenue of $81.3 million versus $66.4 million in Q2 2021, an increase of $14.9 million, or 22% Gross margin of 39.0%, as compared to 43.6% in Q2 2021 GAAP Net Income/(Loss) of $0.5 million as compared to $1.8 million in Q2 2021 Adjusted EBITDA of $11.4 million versus $10.5 million in Q2 2021, an increase of $0.9 million or 9% Fully diluted GAAP earnings/(loss) per share ("EPS") of $0.01 and Non-GAAP Adjusted EPS of $0.12 Bruce Thames, Thermon's President and Chief Executive Officer, said "The momentum in our business is accelerating, and we are benefiting from the increasing demand for our solutions, particularly in North America.

Thermon Reports Second Quarter Fiscal 2022 Results

AUSTIN, TX / ACCESSWIRE / November 3, 2021 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the second quarter ended September 30, 2021, before the market opens on Tuesday, November 9, 2021. Following the earnings release, members of the senior management team, including 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 2022 Earnings Conference Call - November 9, 2021

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 Q2 Results: What You Should Expect

AUSTIN, TX / ACCESSWIRE / September 30, 2021 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") today announced it has entered into an amended and restated Credit Agreement (the "Credit Agreement") with JPMorgan Chase Bank, N.A. and certain other lenders.

Thermon Completes Debt Refinancing, Estimating Annual Cash Interest Expense Savings of $4 Million

Thermon Group (THR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Thermon Group (THR) Soars 7%: Is Further Upside Left in the Stock?

Thermon is a strong player in a niche market with good cash flow dynamics, making it a unique company with heavy O&G exposure. While FY21/CY20 results reflect end-market challenges from COVID-19, results are trending in the right direction and the outlook remains favorable.

Thermon Seeing Signs Of Recovery With Additional Upside From Margins And Senate Bill 3

Thermon Group Holdings' (THR) CEO Bruce Thames on Q1 2022 Results - Earnings Call Transcript

Thermon Group (THR) delivered earnings and revenue surprises of 0.00% and 15.89%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Thermon Group (THR) Q1 Earnings Meet Estimates

Revenue growth of 25% driven by improving end markets Orders up 19% year over year and book to bill of 1.02x Received first order for the industry leading Genesis Network technology Continued realization of cost savings with trailing 12-month SG&A down 22% AUSTIN, TX / ACCESSWIRE / August 5, 2021 / 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 2022") of the fiscal year ending March 31, 2022 ("Fiscal 2022"). Key highlights for Q1 2022 as compared to the three months ended June 30, 2020 ("Q1 2021") include: Revenue of $71.2 million versus $56.8 million in Q1 2021, an increase of $14.4 million, or 25% Gross margin of 39.6%, as compared to 42.4% in Q1 2021 GAAP Net Income of $0.9 million as compared to a Net Loss of $(6.1) million in Q1 2021 Adjusted EBITDA of $9.7 million versus $1.4 million in Q1 2021, an increase of $8.3 million or 593% Fully diluted GAAP earnings per share ("EPS") of $0.03 and Non-GAAP Adjusted EPS of $0.07 "Our Fiscal 2022 is off to a strong start, with growth in both revenue and operating profit.

Thermon Reports First Quarter Fiscal 2022 Results

Thermon Group (THR) Earnings Expected to Grow: What to Know Ahead of Q1 Release

AUSTIN, TX / ACCESSWIRE / July 29, 2021 / Thermon Group Holdings, Inc. (NYSE:THR) ('Thermon') will issue a press release reporting its consolidated financial results for the first quarter ended June 30, 2021, before the market opens on Thursday, August 5, 2021. Following the earnings release, members of the senior management team, including 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 2022 Earnings Conference Call - August 5, 2021

Thermon Group Holdings, Inc. (THR) CEO Bruce Thames on Q4 2021 Results - Earnings Call Transcript

Thermon Group (THR) delivered earnings and revenue surprises of -81.25% and 5.03%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Thermon Group (THR) Lags Q4 Earnings Estimates

Shares of Thermon Group Holdings (NYSE:THR) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share rose 200.00% over the past year to $0.03, which missed the estimate of $0.19.

Recap: Thermon Group Q4 Earnings

Achieved annual cost savings of $22 million in Fiscal 2021 Reduced long term debt by $27.5 million in Fiscal 2021, including $20.6 million repayment in Q4 2021 Ending backlog of $114 million, up 8% versus prior year and 4% versus prior quarter Launching long-term growth initiatives to diversify end markets, expand in developing economies and enhance technology enabled maintenance AUSTIN, TX / ACCESSWIRE / May 27, 2021 / 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 2021") and the fiscal year ended March 31, 2021 ("Fiscal 2021"). Key highlights for Q4 2021 include: Revenue of $73.3 million versus $88.4 million in Q4 2020, a decrease of $15.1 million, or 17% Gross margin of 37.1%, as compared to 40.3% in Q4 2020 Fully diluted GAAP earnings per share ("EPS") of $(0.02) and Non-GAAP Adjusted EPS of $0.03 Key highlights for Fiscal 2021 include: Revenue of $276.2 million versus $383.5 million in Fiscal 2020, a decrease of $107.3 million, or 28% Gross margin of 42.5%, as compared to 42.1% in Fiscal 2020 Fully diluted GAAP earnings per share of $0.03 and Non-GAAP Adjusted EPS of $0.34 "While COVID-19 restrictions and the depressed demand for transportation fuels continues to impact our customers and certain end markets, maintenance spending has positively inflected in recent months and is starting to show signs of expansion.

Thermon Reports Fourth Quarter and Fiscal Year 2021 Results

Thermon Group Holdings (NYSE:THR) announces its next round of earnings this Thursday, May 27. Here is Benzinga's look at Thermon Group Holdings's Q4 earnings report.

Thermon Group Holdings's Earnings Outlook

AUSTIN, TX / ACCESSWIRE / May 20, 2021 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the fiscal year ended March 31, 2021, before the market opens on Thursday May 27, 2021. Following the earnings release, members of the senior management team, including 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 2021 Earnings Conference Call - May 27, 2021

Thermon Group Holdings, Inc.'s (THR) CEO Bruce Thames on Q3 2021 Results - Earnings Call Transcript

Thermon Group (THR) delivered earnings and revenue surprises of 36.36% and 5.64%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Thermon Group (THR) Q3 Earnings and Revenues Beat Estimates

Shares of Thermon Group Holdings (NYSE:THR) fell 3.0% in pre-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 7.14% over the past year to $0.30, which beat the estimate of $0.24.

Recap: Thermon Group Holdings Q3 Earnings

Thermon Group Holdings (THR) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Thermon Group (THR)

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Thermon Group (THR) Stock?

Thermon Group Holdings, Inc. (THR) CEO Bruce Thames on Q2 2021 Results - Earnings Call Transcript

Thermon Group (THR) delivered earnings and revenue surprises of 100.00% and -7.85%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

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