Revenue and Growth - Revenue for YTD 2025 was approximately $214.9 million, up from $186.1 million at the end of YTD 2024, indicating a growth of about 15%[67] - The backlog at September 30, 2024, was $214.9 million, compared to $186.1 million at March 31, 2024, reflecting an increase of approximately 15.5%[67] - The company expects revenues to increase, supported by a strong pipeline of planned projects and a healthy backlog[66] - Approximately 50% of revenues in YTD 2025 were generated from outside the United States, slightly down from 52% in YTD 2024[67] Revenue Composition - Point in time revenue represented 72% of total revenue for the three months ended September 30, 2024, compared to 59% for the same period in 2023[69] - Over time revenue accounted for 28% of total revenue for the three months ended September 30, 2024, down from 41% in the same period in 2023[69] - Small projects contributed 13% to total revenue for both the three months ended September 30, 2024, and 2023, while large projects accounted for 15% in both periods[69] Financial Performance - For the three months ended September 30, 2024, sales decreased to $114.6 million, down 7% from $123.7 million in the same period of 2023[74] - Gross profit for the same period was $50.9 million, a decrease of 7% compared to $54.5 million in 2023, resulting in a gross margin of 44.4%[75] - Operating income fell to $15.2 million, down 30% from $21.7 million in the prior year, with an operating margin of 13.3%[75] - Net income for the three months was $9.5 million, a decline of 36% from $14.7 million in 2023, reflecting a net margin of 8.3%[75] - Revenue for the six months ended September 30, 2024, was $229.8 million, a slight decrease from $230.5 million in 2023[79] Acquisitions and Strategic Plans - The company acquired Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. ("F.A.T.I."), an Italian manufacturer of electric heaters, on October 2, 2024[71] - The company plans to pursue strategic acquisitions to enhance growth opportunities across diverse regions and industry sectors[66] Costs and Expenses - Selling, general and administrative expenses increased by $3.2 million in YTD 2025 compared to YTD 2024, with SG&A as a percent of sales rising by 140 basis points[84] - Interest expense increased due to a higher average debt balance of $169 million in YTD 2025 versus $112 million in YTD 2024, and higher average interest rates of 6.95% compared to 6.48%[84] - Restructuring and other charges amounted to $0.6 million in the three months ended September 30, 2024, compared to $0.3 million in the same period of 2023[76] - Restructuring and other charges increased to $2.7 million in YTD 2025 from $0.9 million in YTD 2024, related to a reduction in force and consolidation of production lines[84] Cash Flow and Capital Expenditures - Operating cash flows increased to approximately $21.4 million in YTD 2025, primarily due to changes in operating assets and liabilities[90] - Free Cash Flow totaled $15.5 million for YTD 2025, a significant increase from $(1.3) million for YTD 2024[93] - The company expects capital expenditures to be approximately 2.5% to 3.0% of revenue in fiscal 2025[88] Foreign Currency and Interest Rate Risks - Approximately 50% of the year-to-date 2025 consolidated revenue was generated from non-U.S. subsidiaries, exposing the company to foreign currency risks[96] - A 10% appreciation of the U.S. dollar relative to the Canadian dollar would decrease net income by $1.3 million, while a 10% depreciation would increase it by $1.5 million for year-to-date 2025[96] - The company estimates a negative impact of $1.9 million on sales in year-to-date 2025 due to foreign exchange translation rates compared to year-to-date 2024[96] - A 1% change in interest rates would result in a $1.6 million increase or decrease in annual interest expense[97] Supply Chain and Material Costs - The company is experiencing shortages and increased costs of raw materials due to various factors, including higher freight costs and supply chain challenges[97] - The company does not typically enter into long-term purchase commitments or hedging instruments to mitigate commodity price risk, exposing it to market fluctuations[97] - Foreign currency transaction gains and losses are included in net income or loss as part of other income and expense in the consolidated statements of operations[96]

Core Insights - Thermon Group (THR) reported quarterly earnings of $0.38 per share, exceeding the Zacks Consensus Estimate of $0.35 per share, but down from $0.49 per share a year ago, indicating an earnings surprise of 8.57% [1] - The company posted revenues of $114.65 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 1.23% and down from $123.66 million year-over-year [2] - Thermon Group has surpassed consensus EPS estimates in all four of the last quarters, while it has topped revenue estimates three times during the same period [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.66 on revenues of $155.41 million, and for the current fiscal year, it is $1.98 on revenues of $537.58 million [7] - The company's earnings outlook will be influenced by management's commentary during the earnings call, which is crucial for understanding future stock performance [3][4] Industry Context - The Instruments - Control industry, to which Thermon Group belongs, is currently ranked in the bottom 8% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment and stock performance [5][6]

The Zacks Instruments – Control industry is likely to benefit from the diligent focus on energy-efficient production processes and integrated software systems. Rising demand for state-of-the-art technology to replace legacy industrial control systems with automated products is expected to aid growth.However, elevated customer inventory levels amid a challenging geopolitical environment might hurt the process automation and instrumentation market. Nevertheless, Woodward, Inc. (WWD) , Watts Water Technologies ...

Thermon Group (THR) has been on a downward spiral lately with significant selling pressure. After declining 18.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier. could reverse soon for reaching the old equilibrium of supply and demand. We use Relative Strength Index (RSI), one of the most commonly used technical i ...

Thermon Group (THR) reported fourth-quarter fiscal 2024 adjusted earnings per share (EPS) of 34 cents, which surpassed the Zacks Consensus Estimate of 32 cents. The bottom line fell 17% year over year mainly due to reduced volumes, product mix, spending and incremental interest expenditure, which were partially balanced by improved prices. For the fiscal year ended Mar 31, 2024, adjusted EPS soared 16% year over year to $1.82, driven by the Vapor Power acquisition. Revenues in the quarter totaled $127.7 mil ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Fiscal Year Ended March 31, 2024 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) Delaware 27-2228185 (State or other jurisdiction of incorp ...

Thermon Group Holdings Inc (NYSE:THR) Q4 2024 Results Conference Call May 29, 2024 11:00 AM ET Company Participants Ivonne Salem - Vice President of FP&A and Investor Relations Bruce Thames - President, Chief Executive Officer and Director Greg Lucas - Chief Financial Officer Conference Call Participants Justin Ages - CJS Securities Chip Moore - ROTH MKM Brian Drab - William Blair Operator Good morning, and welcome to the Thermon Group Holdings Fourth Quarter 2024 Earnings Conference Call. At this time, all ...

Thermon Group (THR) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.41 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 6.25%. A quarter ago, it was expected that this maker of heat tracing products would post earnings of $0.50 per share when it actually produced earnings of $0.59, delivering a surprise of 18%. Over the last four quar ...

THERMON REPORTS FOURTH QUARTER FISCAL 2024 RESULTS Record Revenue, Adjusted EBITDA, and Adjusted EPS for Fiscal 2024 Grew Revenue from Diversified End Markets to 68% of Total Revenue in Fiscal 2024 Introducing Fiscal 2025 Revenue Guidance of $527 million - $553 million AUSTIN, Texas, May 29, 2024 -- Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the fourth quarter ("Q4 2024") of the fiscal year ...

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, 2023 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 ...