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 (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.
Thermon Group Holdings reported its Q4 2021 and Fiscal 2021 financial results, indicating a revenue of $73.3 million in Q4, down 17% from Q4 2020, leading to a full-year comparison of $276.2 million, a 28% decline year-over-year. Despite these challenges, the company achieved $22 million in cost savings and reduced long-term debt by $27.5 million. Backlog increased by 8% to $114 million, and management anticipates revenue for FY 2022 to range between $278-295 million.
Thermon Group Holdings (NYSE:THR) plans to announce its fiscal year 2021 financial results on May 27, 2021, before market opening. The results will cover the period ending on March 31, 2021. Following the announcement, senior management will host a conference call at 10:00 a.m. CT, which will be available via webcast on Thermon's investor relations site. Interested participants can join the Q&A session by calling the provided numbers. This session will allow investors insights into the company's performance and outlook.
Thermon Group Holdings, a leader in industrial process heating, reported Q3 2021 revenue of $79.6 million, down 21% from $100.5 million in Q3 2020. Income from operations was $10.2 million with a net income of $6.2 million and fully diluted GAAP EPS of $0.18. Adjusted EPS increased to $0.30, benefiting from restructuring and government subsidies. Total orders fell 28% to $71.0 million, while backlog grew 7% to $110.1 million. Revenue guidance for Q4 is set at $69-76 million, prioritizing debt reduction.
Thermon Group Holdings, Inc. (THR) will release its financial results for Q3 2020 on February 4, 2021, before market opening. Following the release, management, including CEO Bruce Thames and CFO Jay Peterson, will host a conference call at 10:00 a.m. CT. This call will allow the investment community to engage in a Q&A session. Interested parties can listen via the company’s investor relations website. Thermon specializes in mission-critical industrial process heating solutions and is based in Austin, Texas.
Thermon Group Holdings reported Q2 2021 financial results, showing revenue of $66.4 million, a 35% decrease from Q2 2020. Net income dropped to $1.8 million with GAAP EPS at $0.06, down from $0.21 year-over-year. Adjusted EBITDA decreased 50% to $10.5 million. However, backlog increased by 16% to $118.7 million, reflecting a positive book-to-bill ratio of 1.14. The company generated $9.3 million in cash from operations and reduced SG&A costs by $9 million.
Thermon Group Holdings, Inc. (NYSE:THR) is set to release its consolidated financial results for the second quarter ending September 30, 2020, on November 5, 2020, before market opening. Following the results, a conference call will be held at 10:00 a.m. (CT), led by CEO Bruce Thames and CFO Jay Peterson. The call will also be webcast on Thermon's investor relations website. Participants can dial in via designated numbers for the Q&A session. For more details, visit Thermon's investor relations page.