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 ...

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 ...

Financial Data and Key Metrics Changes - Revenues for Q3 totaled $79.6 million, down 21% year-over-year but up 20% sequentially [14][30] - Adjusted EBITDA was $18.5 million, down 11.2% from the prior year but up 77% sequentially [14][36] - Gross margins improved to 46.4%, an increase of 310 basis points year-over-year and 285 basis points sequentially [14][32] - Adjusted EPS was $0.30, a 7% increase from the prior year despite a 21% lower volume [15][35] Business Line Data and Key Metrics Changes - Bookings for the quarter were $71 million, down 28% year-over-year and 6% sequentially, with a book-to-bill ratio of 89% [16][31] - The revenue mix between MRO/UE and Greenfield remained at 62% and 38%, respectively [30] - Continuous improvement programs yielded $3.8 million in projected savings, close to the target of $3.9 million [11][12] Market Data and Key Metrics Changes - There are signs of improvement in end markets, particularly in chemicals and petrochemicals, with less decline in demand [19][20] - Maintenance activity has improved beyond normal seasonality, indicating pent-up demand [17][19] - The transportation sector has grown from 3% of revenues in fiscal year 2020 to over 15% of backlog at the end of Q3 [23] Company Strategy and Development Direction - The company is focused on operational improvements and aims to increase EBITDA margins by 200 to 300 basis points in FY '22 [26] - Strategic initiatives include globalization of the process and environmental business, diversification of end markets, and technology-enabled maintenance [27] - Investments in R&D are prioritized, with a focus on smart control solutions and advanced heating technologies [24] Management's Comments on Operating Environment and Future Outlook - Management believes Q3 represented the bottom in terms of trailing 12-month adjusted EBITDA, with expectations for improvement in Q4 [25][42] - The company anticipates weaker capital spending in the fourth quarter and into FY '22, particularly in the US and Latin America [17][76] - There is cautious optimism regarding recovery in end markets, particularly in power and natural gas opportunities [19][76] Other Important Information - The company generated positive cash flows of $2.9 million during Q3, enabling $5.6 million in debt repayment [18][37] - The Canadian subsidiaries received a $1.7 million pre-tax benefit from the Canadian Wage Subsidy program [29][30] - The company has a strong balance sheet with $49.6 million in cash on hand and a net debt to adjusted EBITDA ratio of 3.0 times [38] Q&A Session Summary Question: Will gross margins improve sequentially in Q4? - Management did not provide specific guidance on gross margins but indicated that continuous improvement efforts should sustain margin improvements [50] Question: How is the tubing bundles business performing? - The tubing bundles business is approximately $40 million in a normal year, with potential for growth despite current capital deferrals [53] Question: What macro factors will trigger capital spending from core customers? - Stability in commodity pricing, particularly oil prices around $60 per barrel, is seen as a potential tipping point for increased capital spending [74] Question: Will the Canadian Wage Subsidy continue into 2022? - Management does not expect the subsidy to be ongoing and will not rely on it for future planning [80] Question: What is the outlook for the CCI business? - The CCI business is expected to rebound quickly post-pandemic, benefiting from operating leverage and high margins [62][64]

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, 2020 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 ...

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 September 30, 2020 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 jurisdicti ...