Welcome to our dedicated page for Thermon Group Hldgs news (Ticker: THR), a resource for investors and traders seeking the latest updates and insights on Thermon Group Hldgs stock.
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) 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.
Thermon (NYSE: THR) will release its consolidated financial results for the fiscal year ending March 31, 2024, on May 29, 2024, before market opening. The earnings report will be followed by a conference call at 10:00 a.m. Central Time, hosted by CEO Bruce Thames and VP Greg Lucas, accessible via webcast on Thermon's investor relations website. Investment community professionals can join the Q&A session by calling specified numbers. A replay will also be available on the investor relations site.
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