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 2024

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 Holdings Inc. Reports Record Q3 Revenue and Raises Full-Year Guidance

Thermon Group Holdings Inc. delivered robust Q3 results, driven by strong revenue growth and increased incoming orders. The company's strategic focus on sustainable value generation and diversification is yielding positive outcomes. However, potential challenges in revenue mix diversification and gross margin trajectory require attention.

Thermon Group Holdings reports strong Q4 earnings and anticipates Vapor Power-driven growth

Thermon Group Holdings delivered strong Q4 2023 results, with revenue reaching $136.4 million and adjusted EBITDA of $31 million. The acquisition of Vapor Power is expected to drive future growth, while the company's strategic pillars and increased revenue guidance for fiscal 2024 indicate a positive outlook.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

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.

CORRECTION FROM SOURCE: Thermon Reports Third Quarter Fiscal 2024 Results

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

Badger Meter

Woodward

Focus on higher energy efficiency, rising adoption of industrial automation and optimum resource utilization should drive the Zacks Instruments ??? Control industry.

3 Instruments Stocks to Ride on Energy Efficiency Focus

Axonics ModulationTechnologies Inc

Bel Fuse

Invest in stocks of Axonics (AXNX), Bel Fuse (BELFB) and Thermon (THR) to tap their high-efficiency levels.

3 Stocks Backed by High Efficiency to Increase Portfolio Returns

Thermon Group (THR) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

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

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

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

If you are looking for stocks that are well positioned to maintain their recent uptrend, Thermon Group (THR) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

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

Buy 3 Instruments Stocks as Industrial Automation Gains Precedence

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.

News for Thermon Group Hlds Stock (THR)