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. (NYSE: THR) is a diversified industrial technology company and global participant in industrial process heating, temperature maintenance, environmental monitoring, and temporary power distribution solutions. This news page aggregates Thermon-related coverage so readers can review how the company’s operations, strategy and financial performance are evolving over time.
Thermon regularly issues earnings releases discussing quarterly and full-year results, including revenue trends, gross margin performance, Adjusted EBITDA, Adjusted Net Income, Free Cash Flow, backlog and order activity. These updates often highlight the balance between OPEX Sales and large project revenue, as well as the impact of acquisitions such as Vapor Power and F.A.T.I. on reported and organic sales.
In addition to financial results, Thermon’s news flow includes strategic and product announcements. Examples include the introduction of Poseidon and Pontus liquid load banks, which are liquid-cooled load bank systems designed for data center and high performance computing environments, and updates on the company’s progress in markets tied to electrification, decarbonization, digitization and rising power demand. The company also issues releases on leadership changes and governance matters, such as the appointment of a Senior Vice President and Chief Operating Officer.
Investors and industry followers can use this page to track themes that Thermon emphasizes in its communications, including growth in diverse end markets, expansion of its installed base, operational excellence initiatives, and disciplined capital allocation. By reviewing the sequence of earnings announcements, product launches, strategic updates and governance disclosures, readers can form a more complete picture of Thermon’s positioning in industrial process heating and related markets.
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.
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.