Thermon(THR) - 2024 Q1 - Earnings Call Transcript

Kevin Fox Bruce Thames Yes, Jon, I think you're thinking about it the right way. If you look at the SG&A line, call it, maybe close to $4 million, that's primarily driven by the resources that you're alluding to. And I think as the business continues to grow, we look at that on a TTM basis as a percentage of revenue, and targeting that in the, call it, mid-to-low 20s is where we're really going for as we think about the model of getting this business to 23%, 24%, potentially 25% of EBITDA. Given the histori ...