Thermon Reports Second Quarter Fiscal 2026 Results

Core Insights - Thermon Group Holdings, Inc. reported strong financial results for Q2 2026, with revenue and profitability exceeding expectations [1] Financial Performance - Revenue reached $131.7 million, representing a 14.9% increase compared to the prior year [1] - Gross profit was $61.1 million, up 20.0%, resulting in a gross margin of 46.4% [1] - Net income increased by 57.9% to $15.0 million, equating to $0.45 earnings per diluted share [1] - Adjusted net income (non-GAAP) was $18.3 million, a 43.0% increase, with an adjusted EPS (non-GAAP) of $0.55 [1] - Adjusted EBITDA (non-GAAP) stood at $30.6 million, reflecting a 28.6% growth, with an adjusted EBITDA margin (non-GAAP) of 23.2% [1] Orders and Guidance - New orders totaled $131.0 million, showing a slight decrease of 0.1% [1] - The book-to-bill ratio was reported at 1.0x [1] - The net leverage ratio was maintained at 1.0x [1] - The company raised its full-year financial guidance for 2026 [1] Management Commentary - The President and CEO of Thermon highlighted the exceptional performance in the second quarter, noting that revenue and profitability exceeded expectations across the board [1]