Welcome to our dedicated news page for Thermon Group Holdings (Ticker: THR), a resource for investors and traders seeking the latest updates and insights on Thermon Group Holdings.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Thermon Group Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Thermon Group Holdings's position in the market.
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Thermon Group Holdings, Inc. (NYSE:THR) announces the departure of CFO Kevin Fox and the appointment of Greg Lucas as interim CFO. The company commences a search for a permanent CFO. Bruce Thames, Thermon's CEO, expresses confidence in Greg Lucas's capabilities.
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End-of-Day
-1.89%
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Thermon Group Holdings, Inc. (THR) announces a $50 million share repurchase program until March 15, 2027. The move reflects the company's confidence in its long-term strategy and growth trajectory, aiming to offset dilution and create value for stockholders through disciplined capital allocation. The program allows flexibility for opportunistic share repurchases based on market conditions and the company's capital needs.
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5.7%
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Thermon Group Holdings, Inc. (THR) announced Q3 2024 financial results, reporting record revenue of $136.4 million, an 12% increase. GAAP EPS was $0.46, and non-GAAP adjusted EPS was $0.59, an 86% and 13% increase, respectively. The company achieved net income of $15.8 million, an 88% increase, and Adjusted EBITDA of $30.7 million, a 3% increase. Thermon also closed the acquisition of Vapor Power, raising FY 2024 revenue guidance to approximately $490 - $500 million. However, the company experienced a decrease in backlog and orders in Q3 2024 compared to Q3 2023.
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-17.88%
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Thermon Group Holdings, Inc. (THR) reported a 12% increase in revenue, an 88% increase in net income, and an 86% increase in EPS for Q3 2024 compared to Q3 2023. The company also raised its FY 2024 revenue and EPS guidance. Thermon acquired Vapor Power to capture share in growing end-markets driven by decarbonization and electrification trends. Despite a decrease in backlog, the company maintained a strong balance sheet and flexible liquidity. The company is on track to complete its withdrawal from operations in the Russian Federation in Q4 2024.
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-17.88%
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Thermon Group Holdings, Inc. (THR) will release its Q3 2023 financial results on February 1, 2024. The company's President and CEO, Bruce Thames, and CFO, Kevin Fox, will host a conference call to discuss the results. The call will be webcast on Thermon's investor relations website. Interested parties can access the call for Q&A. A replay will be available on the website after the call.
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2.67%
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Thermon Group Holdings, Inc. (NYSE:THR) announced the acquisition of Vapor Power International, a leading provider of industrial process heating solutions, in a move to capture share in rapidly growing, diversified end-markets driven by decarbonization and electrification trends. Vapor Power realized revenue of over $50 million in the calendar year ended December 31, 2023, and Thermon expects the transaction to be accretive to GAAP earnings per share in the first twelve months.
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-0.43%
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Thermon Group Holdings, Inc. (NYSE:THR) announced the appointment of Victor L. Richey, retired Chairman and CEO of ESCO Technologies, Inc (NYSE: ESE), to its board of directors. Mr. Richey's addition is part of the Board's ongoing succession planning efforts. Thermon's Chairman of the Board, John U. Clarke, expressed delight in welcoming Vic to the Board, citing his proven success and relevant experience. Mr. Richey expressed his excitement about working with the Thermon Board and management, highlighting the significant progress made by the company in transforming its business. Thermon CEO Bruce Thames emphasized Vic's importance as an asset for the Board, citing his knowledge of targeted end-markets and insights into strategic acquisitions.
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1.22%
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Thermon Group Holdings, Inc. (NYSE:THR) announces its inaugural investor day in New York City, focusing on creating long-term shareholder value and increasing fiscal 2026 financial targets. The event will provide insight into the company's strategy, financial performance, energy transition, innovation, and operational excellence. Thermon also updates its FY2026 Financial Goals, including a revenue target of $600-700 million and a non-oil & gas revenue goal of ~70%, aiming for an adjusted EBITDA margin of ~24%.
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5.11%
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Thermon Group Holdings, Inc. (NYSE:THR) announces the appointment of John U. Clarke as non-executive chairman of the board, succeeding John Nesser. The company expresses gratitude to Nesser for his contributions and looks forward to Clarke's leadership. Clarke's deep understanding of the business and proven leadership make him an exciting choice for the position.
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-2.74%
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Thermon Group Holdings, Inc. (NYSE:THR) announced its Q2 2024 financial results, reporting record revenue of $123.7 million, an increase of 23% compared to Q2 2023. The company achieved fully diluted GAAP EPS of $0.43 and record non-GAAP adjusted EPS of $0.49, an increase of 33% and 30% respectively. Net income was $14.7 million, a 34% increase, and adjusted EBITDA was $27.7 million, a 27% increase. Thermon also reached bookings of $116.4 million, a 22% increase.
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Rhea-AI Sentiment
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6.59%
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Thermon Group Holdings Inc
NYSE:THR
THR Rankings
THR Stock Data
1.04B
33.07M
1.86%
103.56%
1.45%
All Other Miscellaneous Electrical Equipment and Component Manufacturing
Manufacturing
US
Austin
About THR
the heat tracing specialists thermon holds a unique position as the only international heat tracing company completely dedicated to its industry. since 1954, thermon has concentrated its efforts exclusively on heat tracing, the external application of heat to pipes, tanks and instrumentation. today, thermon continues to be an industry leader in the specialized field of heat tracing technology. the vast knowledge base of thermon’s employees, combined with the most extensive line of heat tracing products and design tools available, optimizes the customer’s “cost of ownership” by ensuring that all aspects of the application have been considered. global capabilities with global design, manufacturing, and warehouse facilities, thermon is capable of supplying heat tracing system design and products to meet the needs of customers around the world. these stateof-the-art facilities incorporate patented manufacturing processes utilizing computer-controlled equipment, laser technology and