☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission File Number: 001-35159 THERMON GROUP HOLDINGS, INC. (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

Financial Data and Key Metrics Changes - Thermon reported record Q1 revenue of $95 million, a 34% increase year-over-year, exceeding internal expectations [21][9] - Adjusted EBITDA more than doubled to $16.6 million, with a margin expansion of 600 basis points [34] - Adjusted EPS was $0.25 per share, a 525% increase from the previous year's $0.04 per share [36][11] - Free cash flow for the quarter was strong at $10.3 million, representing over 150% of net income [10] Business Line Data and Key Metrics Changes - The acquisition of Powerblanket contributed approximately $1 million to revenue in June, with 85% of its revenues coming from outside the oil and gas sector [9][40] - Organic growth for Thermon was 33% year-over-year, with point-in-time revenues growing 34% and over-time revenues up 25% [25][26] - Maintenance spending in oil and gas markets is recovering significantly, contributing to strong revenue growth [16][62] Market Data and Key Metrics Changes - North America saw a revenue increase of 34%, driven by a recovery in oil and gas maintenance spending [9][22] - The Eastern Hemisphere is lagging due to the war in Ukraine and higher energy costs, impacting demand [17][60] - The backlog reached $165 million, up 39% year-over-year, indicating strong future demand [18] Company Strategy and Development Direction - The company aims to diversify its revenue sources, targeting 65% of total revenues from non-oil and gas markets by fiscal 2026 [12][46] - Investments in manufacturing capabilities in India are planned to meet demand in the Asia Pacific market [45] - The company is focusing on technology-enabled maintenance and digital transformation to capture new market opportunities [48] Management's Comments on Operating Environment and Future Outlook - Management acknowledged challenges in Europe due to geopolitical tensions and high energy prices but remains optimistic about growth in North America and Latin America [60][61] - The company raised its fiscal year 2023 revenue guidance to $380 million to $405 million, reflecting strong performance and backlog [55] - Management expects continued strength in maintenance spending in the oil and gas sector, driven by a focus on maximizing existing assets [62][65] Other Important Information - The company is experiencing FX headwinds, with a negative impact of $2.9 million on revenue due to a stronger U.S. dollar [22] - The acquisition of Powerblanket was valued at $35 million, expected to be accretive to GAAP EPS in fiscal 2023 [42] - The company is committed to maintaining fiscal discipline while investing in growth initiatives [31] Q&A Session Summary Question: Can I get a little bit more color on your revenue expectations? - Management noted that Europe is experiencing modest year-over-year declines due to the war in Ukraine and high energy prices, but strong performance in the Western Hemisphere is expected to offset this [60][61] Question: What kind of legs does maintenance spending have to continue? - Management indicated that maintenance spending is expected to remain strong for several quarters, driven by a focus on maximizing existing assets [62][65] Question: How significant is the order for the EnviroDyne units? - The initial order of 20 units is less than $1 million, but management sees potential for significant growth in this area due to environmental regulations [66] Question: How sustainable is the gross margin improvement? - Management believes that gross margin improvements are sustainable, with expectations for continued operational efficiencies and a favorable mix as low-margin contracts roll off [70][72] Question: How much revenue was there from Russia in the first quarter? - Approximately $3 million in revenue was generated from Russia in Q1, with expectations of $8 million to $10 million for the fiscal year as contracts are executed [74] Question: What was the impact of seasonality on orders? - Management emphasized that Q1 is typically the weakest for incoming orders due to seasonality, and year-over-year comparisons are more meaningful [76][80]

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 June 30, 2022 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 jurisdiction of ...

THERMON THERMON GROUP HOLDINGS, INC. EARNINGS PRESENTATION FOURTH QUARTER FISCAL 2022 MAY 26, 2022 fimooo 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, state ...

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, 2022 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. (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 7171 Southwes ...

Thermon Group Holdings, Inc. (NYSE:THR) Q3 2022 Earnings Conference Call February 3, 2022 11:00 AM ET Company Participants Kevin Fox - CFO Bruce Thames - President & CEO Conference Call Participants Jon Braatz - Kansas City Capital Brian Drab - William Blair Operator Greetings and welcome to the Thermon Group Holdings Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. Please n ...

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, 2021 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 ...

FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended September 30, 2021 Washington, D.C. 20549 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 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 jurisdiction of incorpora ...

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, 2021 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 jurisdiction of incorporation or organizat ...