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Thermon Group Holdings, Inc. - $THR STOCK NEWS

Welcome to our dedicated page for Thermon Group Holdings news (Ticker: $THR), a resource for investors and traders seeking the latest updates and insights on Thermon Group Holdings stock.

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Rhea-AI Summary
Thermon Group Holdings, Inc. will release its Q2 financial results on November 2, 2023. A conference call will be held afterwards, hosted by the President, CEO, and CFO. The call will be webcasted on Thermon's investor relations website.
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Thermon Group Holdings, Inc. to host inaugural investor day in New York City on November 14, 2023. Event will provide in-depth review of business, financial performance, and long-term strategy. Webcast and presentation materials will be available for remote viewing.
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Rhea-AI Summary
Thermon Group Holdings, Inc. (NYSE:THR) announced its Q1 2024 financial results, reporting record revenue of $106.9 million, an increase of 12% compared to Q1 2023. The company achieved fully diluted GAAP EPS of $0.32 and non-GAAP adjusted EPS of $0.40, representing increases of 65% and 60% respectively. Thermon also generated net income of $10.9 million, an increase of 67%, and adjusted EBITDA of $22.1 million, an increase of 33%. The company's gross profit increased by 27% to $47.3 million, with a gross margin of 44.3%. Thermon's bookings reached $120.1 million, with a book-to-bill ratio of 1.12x.
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Thermon Group Holdings, Inc.

NYSE:THR

THR Rankings

THR Stock Data

1.16B
33.07M
1.86%
103.56%
1.45%
All Other Miscellaneous Electrical Equipment and Component Manufacturing
Manufacturing
Link
United States of America
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