UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-35159 THERMON GROUP HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdictio ...

Financial Data and Key Metrics Changes - The company achieved record-breaking results in Q3, with revenues up 10% year-over-year to $147.3 million, and adjusted EBITDA increased by 12% to $35.6 million [6][21][25] - Adjusted EBITDA margin was 24.2%, up 50 basis points from the previous year, while gross margins improved to 46.6% from 46.2% [25][24] - GAAP earnings per share rose to $0.55, a slight increase from $0.54, while adjusted earnings per share increased by 18% to $0.66 [25] Business Line Data and Key Metrics Changes - OpEx revenues were $122 million, a 5% increase, representing 83% of total revenues, while large project revenue surged 37% to $25.4 million [21][22] - Orders grew by 14% to $158.2 million, with a book-to-bill ratio of 1.1x, indicating strong demand across various sectors [25][9] Market Data and Key Metrics Changes - The U.S. market saw a 10% revenue increase, while EMEA experienced a robust 37% growth, driven by electrification and decarbonization trends [26] - The backlog increased by 10%, supported by a positive book-to-bill ratio and favorable project timing [25] Company Strategy and Development Direction - The company is focused on capitalizing on trends such as data center growth, power generation demand, decarbonization, and electrification [7][30] - Strategic initiatives include expanding capabilities in liquid load banks and medium voltage heaters, with significant investments planned for growth [14][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving macro conditions and strong customer relationships, supporting a positive outlook for the remainder of the fiscal year and into 2027 [8][30] - The company raised its full-year 2026 financial guidance for revenue to a range of $516 million-$526 million and adjusted EBITDA to $114 million-$120 million [29][30] Other Important Information - The company generated $13.1 million in free cash flow during Q3, up from $8.4 million, reflecting healthy operating performance [27] - The company ended the quarter with net debt of $96.3 million and a net leverage ratio of 0.8 times, indicating a strong balance sheet [28] Q&A Session Summary Question: Can you talk about the sustainability of the 46%+ gross margin? - Management noted that improved gross margins are driven by the Thermon Business System, productivity gains, and a favorable project mix, with expectations for sustained margins [35][36][37] Question: How have conversations with potential customers in the data center industry evolved? - The company has formed relationships with various stakeholders, including data center construction contractors and end users, indicating a broad engagement strategy [39][41] Question: What is the competitive landscape for liquid load banks? - Management confirmed that the market remains robust, with a significant increase in quoting activity, indicating a strong growth opportunity [49][50] Question: How do you see the medium voltage opportunity progressing? - The company has a backlog of $11 million and a quote pipeline exceeding $150 million, indicating a multi-year growth opportunity [57][58] Question: Can you discuss the growth drivers in the LNG and midstream markets? - Management highlighted ongoing projects in LNG liquefaction and midstream gas processing, which are expected to drive demand for their products [59][61]

Thermon (NYSE:THR) Q3 2026 Earnings call February 05, 2026 11:00 AM ET Company ParticipantsBrian Drab - Co-Group Head of IndustrialsBruce Thames - CEOIvonne Salem - SVP of FP&A and Investor RelationsJan Schott - CFOJustin Ages - Director of Equity ResearchThomas Cerovski - COOConference Call ParticipantsAaron Spychalla - Senior Research AnalystJohn Braatz - Equity AnalystOperatorGreetings and welcome to the Thermon Group Holdings third quarter fiscal 2026 results conference call. At this time, all participa ...

Thermon (NYSE:THR) Q3 2026 Earnings call February 05, 2026 11:00 AM ET Speaker3Greetings and welcome to the Thermon Group Holdings third quarter fiscal 2026 results conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. I will now turn the conference over to your h ...

THERMON GROUP HOLDINGS, INC. EARNINGS PRESENTATION THIRD QUARTER FISCAL YEAR 2026 FEBRUARY 5, 2026 Cautionary Note Regarding Forward-looking Statements This presentation includes forward-looking statements within the meaning of the U.S. federal securities laws in addition to historical information. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements r ...

Thermon Group (THR) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +11.86%. A quarter ago, it was expected that this maker of heat tracing products would post earnings of $0.36 per share when it actually produced earnings of $0.55, delivering a surprise of +52.78%.Over the last four ...

THERMON REPORTS THIRD QUARTER FISCAL 2026 RESULTS Delivering Record Revenue, Profitability and Bookings Raising Full-Year Fiscal 2026 Guidance AUSTIN, TX / ACCESSWIRE / February 5, 2026 - Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a diversified industrial technology company and a global leader in industrial process heating solutions, today announced consolidated results for the third quarter ("Q3 2026") of the fiscal year ending March 31, 2026 ("Fiscal 2026"). THIRD QUARTER 2026 H ...

Delivering Record Revenue, Profitability and Bookings Raising Full-Year Fiscal 2026 Guidance AUSTIN, TX / ACCESS Newswire / February 5, 2026 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a diversified industrial technology company and a global leader in industrial process heating solutions, today announced consolidated results for the third quarter ("Q3 2026") of the fiscal year ending March 31, 2026 ("Fiscal 2026"). THIRD QUARTER 2026 HIGHLIGHTS (all comparisons versus the prior y ...

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Core Viewpoint - Thermon Group Holdings, Inc. is set to release its consolidated financial results for the third quarter of the fiscal year ending March 31, 2026, on February 5, 2026, before market opening [1] Group 1: Financial Results Announcement - The earnings release will be followed by a conference call hosted by key executives including the President and CEO, CFO, and COO at 10:00 a.m. Central Time [1] - The conference call will be available via webcast on Thermon's investor relations website [1] - Investment professionals can participate in the Q&A session by dialing specific numbers for the U.S./Canada and international callers [1] Group 2: Company Overview - Thermon is a diversified industrial technology company and a global leader in industrial process heating, temperature maintenance, environmental monitoring, and temporary power distribution solutions [3] - The company focuses on delivering engineered solutions that enhance operational awareness, safety, reliability, and efficiency, aiming for the lowest total cost of ownership [3] - Thermon is headquartered in Austin, Texas, and more information can be found on their official website [3]