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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 (NYSE:THR) reported strong Q4 2022 results with revenue up 40% to $102.6 million, driven by North American strength. Fiscal 2022 revenue increased 29% to $355.7 million, with net income reaching $20.1 million. Adjusted EBITDA grew 61% to $58.5 million. Orders surged 39%, and backlog rose 37% to $156.2 million. Guidance for Fiscal 2023 expects revenue of $350-$380 million and EPS of $0.74-$0.89, indicating growth despite excluding a one-time contract. Management emphasized progress in diverse markets and technology-enabled services.
Thermon Group Holdings (NYSE:THR) will announce its fiscal year 2022 financial results on May 26, 2022, before market opening. The release will be followed by a conference call at 10:00 a.m. CT, where CEO Bruce Thames and CFO Kevin Fox will address questions from the investment community. Interested parties can join by calling (877) 407-5976 within the U.S. and (412) 902-0031 internationally. The event will also be available via webcast on Thermon's investor relations website.
Thermon Group Holdings, Inc. (NYSE:THR) reported significant growth in its Q3 2022 results, with revenues reaching $100.6 million, marking a 26% increase from $79.6 million in Q3 2021. Net income surged 82% to $11.3 million and EPS increased to $0.33 compared to $0.18 last year. Driven by strong North American customer demand, orders were up 31% with a book-to-bill ratio of 1.02x. The company raised its full-year revenue guidance to $342-$350 million. Backlog rose 32% to $145.7 million.
Thermon Group Holdings (NYSE:THR) has announced the date for its third-quarter fiscal 2022 earnings release, which will occur before the market opens on February 3, 2022. Following the release, a conference call will be held at 10:00 a.m. Central Time, featuring President Bruce Thames and CFO Kevin Fox. Interested participants can join via specific dialing options and find further details on Thermon's investor relations website. The company offers critical industrial heating solutions, headquartered in Austin, Texas.
Thermon Group Holdings (NYSE:THR) announced on January 20, 2022, the appointment of Roberto Kuahara as Senior Vice President of Operations, effective February 14, 2022. He succeeds Rene van der Salm, who has served in this role for 20 years. Kuahara brings over 30 years of experience in manufacturing operations, having held key positions at SPM Oil & Gas and the Weir Group. CEO Bruce Thames highlighted Kuahara's expertise in operational excellence and strategic growth, emphasizing his role in enhancing productivity and expanding margins.
Thermon Group Holdings reported a 22% revenue growth in Q2 2022 with revenues of $81.3 million, up from $66.4 million in Q2 2021. Orders surged by 59%, including a significant one-time contract exceeding $20 million in North America. The company raised its full-year revenue guidance to $330-$345 million due to robust backlog and order trends. However, gross margin decreased to 39% from 43.6% in the prior year, with net income at $0.5 million compared to $1.8 million in Q2 2021.
Thermon Group Holdings (NYSE:THR) plans to release its financial results for the second quarter ending September 30, 2021, on November 9, 2021, before market opening. Following the earnings announcement, a conference call will be held at 10:00 AM (Central Time) with CEO Bruce Thames and CFO Kevin Fox. The call will be webcast on Thermon's investor relations website, and a replay will be available later. Thermon specializes in industrial process heating solutions globally.
Thermon Group Holdings (NYSE:THR) announced a refinancing of its debt, reducing its annual cash interest expenses by an estimated $4 million. The company replaced its $140 million term loan B and revolving credit facility with an $80 million senior secured US term loan A, a CAD76 million senior secured Canadian term loan A, and a $100 million revolving credit facility. This move is expected to enhance Thermon's financial flexibility, supporting its goal of doubling the business within five years through investments in growth and technology.
Thermon Group Holdings reported a 25% revenue increase in Q1 2022, reaching $71.2 million compared to $56.8 million in Q1 2021. Orders rose by 19% year-over-year, with a book-to-bill ratio of 1.02x. The company achieved a GAAP net income of $0.9 million, a significant turnaround from a loss of $6.1 million in the prior year. Adjusted EBITDA surged 593% to $9.7 million. Thermon raised its full-year revenue guidance to $293-308 million, reflecting strong demand recovery.
Thermon Group Holdings, Inc. (NYSE:THR) will release its consolidated financial results for the first quarter ending June 30, 2021, on August 5, 2021. The release will precede a conference call at 10:00 a.m. CT, featuring President Bruce Thames and CFO Kevin Fox. Interested parties can join the call by dialing the provided numbers. The call will also be accessible via webcast on Thermon's investor relations website, with a replay available post-call.
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