Earnings summaries and quarterly performance for Thermon Group Holdings.
Executive leadership at Thermon Group Holdings.
Bruce Thames
Detailed
President and Chief Executive Officer
CEO
GL
Greg Lucas
Detailed
Vice President, Chief Accounting Officer
JS
Jan Schott
Detailed
Senior Vice President, Chief Financial Officer
RK
Roberto Kuahara
Detailed
Senior Vice President, Global Operations
RT
Ryan Tarkington
Detailed
Senior Vice President, General Counsel & Corporate Secretary
TC
Thomas Cerovski
Detailed
Senior Vice President and Chief Operating Officer
Board of directors at Thermon Group Holdings.
Research analysts who have asked questions during Thermon Group Holdings earnings calls.
Brian Drab
William Blair & Company
9 questions for THR
Also covers: DCI, DDD, ENS +11 more
Justin Ages
CJS Securities
8 questions for THR
Also covers: CR, CVCO, DBD +3 more
JB
Jonathan Braatz
Oppenheimer & Co. Inc.
5 questions for THR
Also covers: AZZ, BKE, MYRG +3 more
CM
Chip Moore
EF Hutton
4 questions for THR
Also covers: AMPX, ASPN, CMT +3 more
Aaron Spychalla
Craig-Hallum Capital Group
2 questions for THR
Also covers: BW, BWMN, CECO +8 more
AM
Alfred Moore
C.L. King & Associates
2 questions for THR
Also covers: AMPX, CMT, DFLI +5 more
JB
John Braatz
Kansas City Capital
2 questions for THR
Also covers: POWL
JB
Jon Braatz
KCCA
2 questions for THR
Also covers: APOG, AZZ, HLIO +5 more
Recent press releases and 8-K filings for THR.
Thermon Group Holdings Reports Record Q3 2026 Results and Raises Full-Year Guidance
THR
Earnings
Guidance Update
New Projects/Investments
- Thermon Group Holdings achieved record-breaking results in Q3 fiscal 2026, with revenue up 10% to $147.3 million, adjusted EBITDA up 12% to $35.6 million, and adjusted EPS up 18% to $0.66.
- The company reported strong order trends, with orders increasing 14% to $158.2 million and a book-to-bill ratio of 1.1 times, leading to a 10% increase in backlog.
- Significant growth opportunities are emerging from the data center market, with liquid load bank quoting activity doubling sequentially to $60 million, and medium voltage heaters, which have a pipeline of over $150 million and a backlog of over $11 million.
- Management raised its full-year fiscal 2026 guidance, forecasting revenue between $516 million and $526 million and Adjusted EBITDA between $114 million and $120 million.
1 day ago
Thermon Group Holdings Reports Record Q3 FY2026 Results and Raises Full-Year Guidance
THR
Earnings
Guidance Update
New Projects/Investments
- Thermon Group Holdings achieved record-breaking Q3 fiscal 2026 results, with revenue up 10% year-over-year to $147.3 million, adjusted EBITDA up 12% to $35.6 million, and adjusted EPS up 18% to $0.66.
- The company raised its full-year fiscal 2026 financial guidance, now projecting revenue in the range of $516 million-$526 million and adjusted EBITDA between $114 million-$120 million.
- Orders for the quarter increased 14% year-over-year to $158.2 million, resulting in a book-to-bill ratio of 1.1 times, driven by strong activity in LNG, midstream gas processing, and a large sustainable aviation fuels project in Asia.
- Momentum continues in key growth areas, with the liquid load bank quote log for data centers doubling sequentially to $60 million and the medium voltage heater pipeline expanding to over $150 million.
1 day ago
Thermon Group Holdings Reports Record Q3 2026 Results and Raises Fiscal 2026 Guidance
THR
Earnings
Guidance Update
New Projects/Investments
- Thermon Group Holdings achieved record-breaking results in Q3 fiscal 2026, with revenue up 10% year-over-year to $147.3 million and adjusted EBITDA increasing 12% to $35.6 million.
- The company reported strong order trends, with orders growing 14% to $158.2 million and a book-to-bill ratio of 1.1x, contributing to a 10% increase in backlog.
- Strategic growth initiatives are gaining traction, including liquid load bank quoting activity for data centers doubling to $60 million and the medium voltage heater pipeline expanding to over $150 million.
- Gross margins improved to 46.6% in Q3 2026, driven by operating leverage, pricing, and a favorable project mix.
- Management raised its fiscal 2026 financial guidance, now expecting revenue between $516 million and $526 million and adjusted EBITDA between $114 million and $120 million.
1 day ago
Thermon Reports Strong Q3 2026 Results and Updates Full-Year Guidance
THR
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Thermon (THR) reported strong Q3 2026 financial performance, with revenue increasing 9.6% to $147.3 million, Adjusted EBITDA growing 11.9% to $35.6 million, and Adjusted EPS rising 17.9% to $0.66 compared to Q3 2025.
- The company experienced robust demand, with orders increasing 14.1% year-over-year to $158.2 million, leading to a book-to-bill ratio of 1.1x and a 10.1% increase in backlog to $259.4 million.
- Free Cash Flow grew 56.0% to $13.1 million, and Net Debt to Adjusted EBITDA leverage improved to 0.8x from 1.1x in the prior year, reflecting strong financial health.
- Thermon updated its full-year 2026 guidance, projecting revenue between $516 million and $526 million, Adjusted EPS between $2.05 and $2.19, and Adjusted EBITDA between $114 million and $120 million.
- Strategic growth platforms, Liquid Load Banks and Medium Voltage Heaters, showed significant traction, with the Liquid Load Banks quote log expanding to ~$60 million and the Medium Voltage Heaters pipeline growing to over +$150 million.
1 day ago
Thermon Reports Record Third Quarter Fiscal 2026 Results and Raises Full-Year Guidance
THR
Earnings
Guidance Update
Share Buyback
- Thermon Group Holdings, Inc. reported record third quarter Fiscal 2026 results, with revenue of $147.3 million, an increase of 9.6% year-over-year, and Adjusted EBITDA of $35.6 million, up 11.9% with a 24.2% margin.
- Net income for Q3 2026 was $18.3 million, or $0.55 earnings per diluted share, while Adjusted Net Income reached $21.9 million, or $0.66 Adjusted EPS.
- The company achieved record new orders of $158.2 million, representing a 14.1% increase year-over-year, resulting in a book-to-bill ratio of 1.1x and a 10.1% increase in backlog to $259.4 million as of December 31, 2025.
- Thermon maintained a strong financial position with a net leverage ratio of 0.8x and total cash and available liquidity of $141.2 million as of December 31, 2025, and repurchased $15.8 million in common shares during Fiscal 2026.
- Management raised its full-year Fiscal 2026 guidance, now expecting revenue between $516 and $526 million, Adjusted EBITDA between $114 and $120 million, and Adjusted EPS between $2.05 and $2.19.
1 day ago
THR Reports Q1 Fiscal 2025 Results and Provides Fiscal 2025 Guidance
THR
Earnings
Guidance Update
Revenue Acceleration/Inflection
- For Q1 Fiscal 2025, revenue increased to $115.1 million, a 7.7% year-over-year growth, primarily driven by the Vapor Power acquisition and OPEX growth, despite a 5.3% organic revenue decline due to large project delays.
- Adjusted EBITDA grew 5.0% to $23.2 million in Q1 Fiscal 2025, while Adjusted EPS decreased 5.0% to $0.38.
- The company generated $8.8 million in Free Cash Flow and reduced its net leverage to 1.1x during Q1 Fiscal 2025.
- For Fiscal Year 2025, THR anticipates revenue between $527 million and $553 million (representing 7%-12% growth) and Adjusted EPS between $1.90 and $2.06.
Nov 6, 2025, 4:00 PM
Thermon Announces Strong Q2 2026 Results and Raises Full-Year Guidance
THR
Earnings
Guidance Update
Product Launch
- THR reported strong Q2 2026 results, with revenue increasing 15% to $131.7 million and Adjusted EBITDA growing 29% to $30.6 million, resulting in an Adjusted EPS of $0.55.
- The company updated its full-year 2026 guidance, raising the expected revenue range to $506 - $527 million and Adjusted EPS to $2.00 - $2.15.
- THR maintained a net leverage of 1.0x and returned $6 million in capital through share repurchases during Q2 2026, with a refreshed $50 million share repurchase authorization in place.
- The company secured its first order for the new Poseidon Liquid Load Bank datacenter testing solution, with a quote log expanding to nearly $30 million.
Nov 6, 2025, 4:00 PM
Thermon (THR) Announces Strong Q2 2026 Results and Raises Full-Year Guidance
THR
Earnings
Guidance Update
New Projects/Investments
- Thermon (THR) reported strong Q2 2026 results, with revenue up 15% year-over-year to $131.7 million and adjusted EBITDA increasing 29% to $30.6 million.
- The company raised its full-year 2026 financial guidance, projecting revenue between $506 million-$527 million and adjusted EBITDA between $112 million-$119 million.
- Strategic growth initiatives are advancing, including securing the first order for the Poseidon Liquid Load Bank for data centers and two initial orders totaling nearly $10 million for Quantum medium voltage heaters.
- Thermon ended the quarter with a strong financial position, including net leverage at 1.0 times and $129 million in total liquidity.
Nov 6, 2025, 4:00 PM
Thermon Reports Strong Q2 Fiscal 2026 Results and Raises Full-Year Guidance
THR
Earnings
Guidance Update
Share Buyback
- Thermon Group Holdings, Inc. reported Q2 2026 revenue of $131.7 million, a 14.9% increase compared to the prior year period.
- For Q2 2026, net income was $15.0 million, or $0.45 diluted EPS, and Adjusted EBITDA was $30.6 million, or $0.55 Adjusted EPS.
- The company raised its full-year Fiscal 2026 guidance, now expecting revenue between $506 million and $527 million, Adjusted EBITDA between $112 million and $119 million, GAAP EPS between $1.62 and $1.77, and Adjusted EPS between $2.00 and $2.15.
- As of September 30, 2025, Thermon maintained a Net Leverage ratio of 1.0x and had $129.1 million in total liquidity, having repurchased $6 million of shares during the quarter.
Nov 6, 2025, 11:45 AM
Quarterly earnings call transcripts for Thermon Group Holdings.
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