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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 Group Holdings, Inc. (THR) reported a 21% revenue increase for Q3 2023, reaching $122.1 million. The company attributed this growth to strong sales in the US, Canada, and Latin America. Despite a total pretax charge of $8.3 million related to exiting the Russian market, GAAP net income was $8.4 million with diluted EPS of $0.25, affected by $0.22 from Russia-related charges. Thermon raised its full-year guidance, projecting revenues between $429-$437 million and GAAP EPS of $1.11-$1.15. The company also reported record bookings of $126 million, a 40% increase year-over-year.
Thermon Group Holdings, Inc. (NYSE:THR) will announce its consolidated financial results for the third quarter ending December 31, 2022, on February 2, 2023, before market opening. A conference call will follow at 10:00 a.m. Central Time, led by CEO Bruce Thames and CFO Kevin Fox, with a simultaneous webcast available on Thermon's investor relations website. Interested participants can join by calling specific numbers based on their location. For further details and a replay of the call, visit the investor relations site.
Thermon Group Holdings reported a 24% revenue increase in Q2 2023, totaling $100.6 million, driven by growth in the US, Canada, and Latin America. Net income surged 2,203% to $11.0 million, while adjusted EBITDA grew 92% to $21.9 million. The company raised its full-year revenue guidance to $405-$420 million and expects GAAP EPS between $1.08-$1.17. Despite strong performance, sales orders decreased by 21% from the previous year.
Thermon Group Holdings, Inc. (NYSE:THR) will release its consolidated financial results for Q2 ending September 30, 2022, before market opens on November 3, 2022. Following the earnings announcement, a conference call will be held at 10:00 a.m. (Central Time) with CEO Bruce Thames and CFO Kevin Fox. Interested participants can dial in to join the Q&A session. The call will also be webcast on Thermon's investor relations site. A replay will be available post-call. Thermon specializes in industrial process heating solutions from its headquarters in Austin, Texas.
Thermon Group Holdings (NYSE:THR) announced the appointment of Dr. Angela Strzelecki to its board of directors, enhancing board diversity and bringing significant industry experience. Strzelecki, currently President of the Pharmaceutical Solutions Division at International Flavors & Fragrances (NYSE:IFF), has a robust track record in managing complex global businesses. The appointment aligns with Thermon's plans for growth and diversification. The board now consists of seven independent directors, emphasizing a commitment to inclusiveness and strategic development.
Thermon Group Holdings reported a strong Q1 2023 with revenue of $95.4 million, a 34% increase from $71.2 million in Q1 2022. The company achieved net income of $6.6 million versus a net loss of $(0.3) million during the same period last year. Adjusted EBITDA soared by 106% to $16.6 million. Key metrics included a backlog of $165 million, a 43% year-over-year increase, and a book to bill ratio of 1.16x. Following this performance, Thermon revised its Fiscal 2023 revenue guidance to $380-$405 million, including $18 million from the recent Powerblanket acquisition.
Thermon Group Holdings (NYSE:THR) will announce its financial results for the first quarter ending June 30, 2022, on August 4, 2022, before market opens. A conference call will follow at 10:00 a.m. CT, featuring CEO Bruce Thames and CFO Kevin Fox. Participants can join by phone or via a webcast on Thermon's investor relations site. The company provides essential industrial heating solutions, ensuring flow assurance and freeze protection across various sectors. More details can be found on their website.
Thermon Group Holdings, Inc. (NYSE:THR) announced the acquisition of Powerblanket, a North American supplier of heated blankets and chillers, to enhance its position in industrial markets. The deal aims to leverage Powerblanket's patented technology and expertise, expected to be accretive to GAAP earnings per share in the first year. Powerblanket had revenues over $17 million in the fiscal year ending March 31, 2022. Thermon plans to utilize Powerblanket's online platform to expand product access, with the acquisition funded by cash and credit facilities.
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