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Thermon Group Holdings Inc (THR) delivers engineered thermal solutions for global industrial sectors through its specialized heat tracing technologies and process heating expertise. This news hub provides investors and professionals with essential updates on the company's financial performance, product innovations, and strategic initiatives.
Access timely reports on quarterly earnings, facility expansions, and technological advancements in industrial temperature management. Our curated collection includes announcements regarding new contracts, safety certifications, and sustainability efforts shaping Thermon's position in energy, chemical processing, and infrastructure markets.
Key updates cover developments in electric heat tracing systems, digital monitoring solutions, and partnerships with engineering firms. Stay informed about regulatory compliance achievements and R&D investments driving efficiency in pipeline maintenance and industrial process safety.
Bookmark this page for consolidated access to Thermon's official communications and market analyses. Check regularly for insights into how the company maintains its leadership in mission-critical thermal management solutions across 50+ countries.
Thermon (NYSE:THR) reported Q3 fiscal 2025 results with revenue of $134.4 million, down 1.5% year-over-year. Despite revenue decline, gross profit increased 8.2% to $62.1 million, with gross margin improving to 46.2%. Net income grew 17.1% to $18.5 million, or $0.54 per diluted share.
The company saw strong growth in OPEX revenues and contributions from Vapor Power and F.A.T.I. acquisitions, which helped offset a 45% decline in large project revenue. New orders reached $138.6 million, up 11.4%, with a book-to-bill ratio of 1.03x. Backlog stood at a record $236 million, up 48% from last year.
Financial position remained strong with net leverage ratio of 1.1x and total cash and available liquidity of $136.4 million. The company has repurchased $6.2 million in common shares, with $43.5 million remaining under its authorization.
Thermon Group Holdings (NYSE:THR) has announced it will release its third quarter fiscal 2025 financial results on Thursday, February 6, 2025, before market opening. The results will cover the period ended December 31, 2024.
The company will host a conference call and webcast at 10:00 a.m. Central Time on the same day. Bruce Thames, President and CEO, and Jan Schott, Senior VP and CFO, will lead the call. Investment professionals can participate in the Q&A session by dialing 877-407-5976 (US/Canada) or +1 412-902-0031 (international). The webcast will be available on Thermon's investor relations website, with a replay accessible after the call.
Thermon Group Holdings reported Q2 FY2025 results with revenue of $114.6 million, down 7.4% year-over-year. Net income decreased 35.4% to $9.5 million, with earnings per diluted share of $0.28. The company saw strong order growth of 12.6% to $131.1 million, resulting in a book-to-bill ratio of 1.14x and record backlog of $215 million. Due to project delays and macro uncertainty, Thermon updated its FY2025 guidance to revenue of $495-515 million and Adjusted EBITDA of $105-110 million. The company maintains a strong balance sheet with net leverage of 1.3x and total liquidity of $129.8 million.
Thermon (NYSE:THR) reported Q2 FY2025 results with revenue of $114.6 million, down 7.4% year-over-year. Net income decreased 35.4% to $9.5 million, with earnings per diluted share of $0.28. The company saw strong order growth of 12.6% to $131.1 million, achieving a book-to-bill ratio of 1.14x and record backlog of $215 million.
Due to extended backlog conversion timing and large project delays, Thermon updated its FY2025 guidance, lowering revenue expectations to $495-515 million. The company maintains strong financial position with net leverage of 1.3x and total cash and available liquidity of $129.8 million.
Thermon Group Holdings (NYSE:THR) announced it will release its second quarter fiscal 2025 financial results for the period ended September 30, 2024, before market opening on Thursday, November 7, 2024. The company will host a conference call and webcast at 10:00 a.m. Central Time, featuring President and CEO Bruce Thames and CFO Jan Schott. Investment professionals can participate in the Q&A session by dialing specific numbers for US/Canada and international callers. A replay will be available on Thermon's investor relations website after the call.
Thermon Group Holdings, Inc. (NYSE:THR) has announced the acquisition of Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. (F.A.T.I.), a Milan-based manufacturer of electric heaters for industrial applications. F.A.T.I. is a leading designer and manufacturer of electrical heaters and heating systems for various industrial end markets, including oil & gas, pharmaceutical, renewables, nuclear, and HVAC.
The acquisition is expected to broaden Thermon's geographic footprint and strengthen its platform to better serve the growing global market for electrification and decarbonization solutions. F.A.T.I.'s manufacturing facility in Milan and its extensive list of European certifications are seen as strategic assets for Thermon's expansion in Europe and Asia.
F.A.T.I. reported revenue of over 12 million euro in the calendar year ended December 31, 2023. The purchase price of 12.5 million euro, subject to customary adjustments, was funded with cash on hand.
Thermon Group Holdings, Inc. (NYSE:THR) has announced two key additions to its senior leadership team. Jan L. Schott will join as Senior Vice President and Chief Financial Officer, effective October 14, 2024. Schott brings over 30 years of global financial, commercial, and operational experience, with a deep background in energy verticals. Greg Lucas has been promoted to Vice President and Chief Accounting Officer, effective the same date.
Schott previously served as EVP and CFO at TG Natural Resources, where she led multi-billion dollar financings and oversaw a $3.0 billion acquisition integration. Lucas has been with Thermon since 2020, managing the company's accounting and financial reporting organization. Both executives are certified public accountants with strong educational backgrounds.
Bruce Thames, President and CEO of Thermon, expressed confidence in the new appointments, highlighting Schott's expertise in financial management and Lucas's contributions to the company's financial reporting and accounting team.
Thermon Group Holdings (NYSE: THR) reported its Q1 2025 results, with revenue rising by 7.7% to $115.1 million and gross profit increasing by 6.6% to $50.4 million. The gross margin was 43.8%. Despite a 22% drop in net income to $8.5 million, adjusted net income stood at $13.1 million. Adjusted EBITDA saw a 5% improvement to $23.2 million, with new orders climbing by 11.5% to $127.2 million, and a book-to-bill ratio of 1.1x. The company reiterated its full-year Fiscal 2025 guidance. Key factors included strong execution, the successful integration of Vapor Power, and disciplined financial management. However, large project revenue declined by 34%, causing a 5.3% dip in organic sales. The company emphasized benefits from focusing on maintenance and repair spending, achieving strategic diversification, and maintaining a robust balance sheet with $141.8 million liquidity and reduced net debt of $120 million.
Thermon Group Holdings, Inc. (NYSE:THR) has announced its upcoming first quarter fiscal 2025 earnings conference call, scheduled for August 7, 2024. The company will release its consolidated financial results for the quarter ended June 30, 2024, before the market opens on that day. Following the earnings release, Bruce Thames, President and CEO, and Greg Lucas, VP of Corporate Controller, will host a conference call at 10:00 a.m. Central Time.
The call will be simultaneously webcast on Thermon's investor relations website. Investment professionals can participate in the Q&A session by dialing specific numbers for US/Canada and international callers. A replay of the call will be available on the company's investor relations website after its conclusion.
Thermon (NYSE: THR) announced its Q4 and Fiscal 2024 results, reporting record annual revenue of $494.6 million, up 12%, driven by diversified end markets and decarbonization projects. Q4 revenue grew 4% to $127.7 million. GAAP EPS rose by 26% to $0.29 in Q4, with a net income increase of 31% to $10.1 million. However, Adjusted EPS fell by 17% to $0.34. Annual net income increased by 53% to $51.6 million, and Adjusted EBITDA rose 12% to $104.2 million. Fiscal 2025 revenue is projected between $527 million and $553 million, with GAAP EPS of $1.57-$1.73 and Adjusted EPS of $1.90-$2.06. Thermon maintained a strong balance sheet with $141.3 million in liquidity, though net debt-to-adjusted EBITDA increased to 1.2x. The company completed the acquisition of Vapor Power and exited its Russian operations. Key challenges include a 12% drop in Q4 bookings and a gross margin contraction by 110 basis points.
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