Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries worldwide. Its products include electric heating products, such as air heaters and heating accessories, boilers and calorifiers, controlling and monitoring solutions, heat tracing systems, tank heating systems, thermostats, and system accessories, as well as band, strip, tubular, immersion, and process heaters; and gas heating products, including enclosure and explosion proof gas catalytic heaters, gas fired blowers, and has heating accessories that comprise regulators, valves, mounting brackets, and battery cables. The company also offers specialty products, which include CEMS and analytical systems, commercial construction products and services, control panels, engineered products, compressed gas scrubbing systems, temporary power solutions, and snow clearing devices for rail track and switch equipment; and steam heating solutions comprising heat transfer compounds, steam heated bundles, steam supply and condensate return lines, steam tracing solutions, steam trace accessories, and tank heating products. In addition, it provides design engineering solutions that include deign assistance, product selection, and computer-generated drawing/installation packages; energy audit services; and engineering, training, and technical support services. The company offers its solutions to chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, transportation, food and beverage, pharmaceutical, and mineral processing industries, as well as data centers, semiconductor facilities, and other markets through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.
IPO Year: 2011
Exchange: NYSE
Website: thermon.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/29/2024 | $42.00 | Market Outperform | CJS Securities |
| 3/6/2024 | $36.00 | Buy | ROTH MKM |
| 8/9/2021 | $25.00 → $26.00 | Buy | Rosenblatt |
8-K/A - Thermon Group Holdings, Inc. (0001489096) (Filer)
10-Q - Thermon Group Holdings, Inc. (0001489096) (Filer)
8-K - Thermon Group Holdings, Inc. (0001489096) (Filer)
8-K - Thermon Group Holdings, Inc. (0001489096) (Filer)
8-K - Thermon Group Holdings, Inc. (0001489096) (Filer)
S-8 - Thermon Group Holdings, Inc. (0001489096) (Filer)
144 - Thermon Group Holdings, Inc. (0001489096) (Subject)
144 - Thermon Group Holdings, Inc. (0001489096) (Subject)
10-Q - Thermon Group Holdings, Inc. (0001489096) (Filer)
8-K - Thermon Group Holdings, Inc. (0001489096) (Filer)
4/A - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
3 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
Correction to table “FISCAL 2025 OUTLOOK” AUSTIN, TX / ACCESSWIRE / November 8, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").SECOND QUARTER 2025 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Revenue of $114.6 million, (7.4)%Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4%Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS)Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non
AUSTIN, TX / ACCESSWIRE / November 7, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").SECOND QUARTER 2025 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Revenue of $114.6 million, (7.4)%Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4%Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS)Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non-GAAP)Adjusted EBITDA (non-GAAP) of $23.8 million, (14
AUSTIN, TX / ACCESSWIRE / October 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the second quarter ended September 30, 2024, before the market opens on Thursday, November 7, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Jan Schott, Senior Vice President and Chief Financial Officer, will host a conference call at 10:00 a.m. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the ca
AUSTIN, TX / ACCESSWIRE / October 3, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced the acquisition of Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. ("F.A.T.I."), a manufacturer of electric heaters for industrial applications, based in Milan, Italy.F.A.T.I. is a leading designer and manufacturer of electrical heaters and heating systems for a broad range of industrial end markets, including oil & gas, pharmaceutical, renewables, nuclear and HVAC. Since its founding nearly 80 years ago, F.A.T.I. has built a high-quality portfolio of technologically advanced and reliable solutio
AUSTIN, TX / ACCESSWIRE / August 7, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the first quarter ("Q1 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").FIRST QUARTER 2025 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Revenue $115.1 million, +7.7%Gross profit of $50.4 million, +6.6%; Gross Margin of 43.8%Net Income of $8.5 million, -22.0%, or $0.25 earnings per diluted share; Adjusted Net Income of $13.1 million, or $0.38 Adjusted earnings per diluted shareAdjusted EBITDA of $23.2 million, +5.0%; Adjusted EBITDA marg
AUSTIN, TX / ACCESSWIRE / July 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the first quarter ended June 30, 2024, before the market opens on Wednesday, August 7, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Greg Lucas, Vice President, Corporate Controller, will host a conference call at 10:00 a.m. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the call by dialing (877) 407
Record Revenue, Adjusted EBITDA, and Adjusted EPS for Fiscal 2024Grew Revenue from Diversified End Markets to 68% of Total Revenue in Fiscal 2024Introducing Fiscal 2025 Revenue Guidance of $527 million - $553 million AUSTIN, TX / ACCESSWIRE / May 29, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the fourth quarter ("Q4 2024") of the fiscal year ended March 31, 2024 ("Fiscal 2024"). Key highlights for Q42024 as compared to the three months ended March 31, 2023 ("Q42023") include:Produced record revenue of $127.7 million, an increase of 4%, driven by sales growth across div
AUSTIN, TX / ACCESSWIRE / May 22, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the fiscal year ended March 31, 2024, before the market opens on Wednesday, May 29, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Greg Lucas, Vice President, Corporate Controller, will host a conference call at 10:00 a.m. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the call by dialing (877) 407-597
Correction to headline "Adjusting EPS Guidance"; no change to updated EPS or Adjusted EPS guidance rangeContinuing Double-Digit Revenue, Net Income and EPS GrowthDeploying Capital to Drive Inorganic GrowthRaising FY 2024 Revenue and Adjusting EPS GuidanceAUSTIN, TX / ACCESSWIRE / February 1, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the third quarter ("Q3 2024") of the fiscal year ending March 31, 2024 ("Fiscal 2024"). Key highlights for Q3 2024 as compared to the three months ended December 31, 2022 ("Q3 2023") include:Produced record revenue of $136.4 million, an in
AUSTIN, TX / ACCESSWIRE / January 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the third quarter ended December 31, 2023, before the market opens on Thursday, February 1, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Kevin Fox, Senior Vice President and Chief Financial Officer, will host a conference call at 10:00 a.m. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the call
4/A - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
4 - Thermon Group Holdings, Inc. (0001489096) (Issuer)
AUSTIN, TX / ACCESSWIRE / September 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced two key additions to its senior leadership team. Jan L. Schott will join the Company as Senior Vice President and Chief Financial Officer, effective October 14, 2024, and Greg Lucas has been promoted to the role of Vice President and Chief Accounting Officer, effective as of the same date.Ms. Schott brings more than 30 years of global financial, commercial and operational experience to Thermon, with a deep background across the energy verticals. Prior to joining Thermon, Ms. Schott served as Executive Vic
AUSTIN, TX / ACCESSWIRE / December 7, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced the appointment of Mr. Victor L. Richey, retired Chairman and Chief Executive Officer of ESCO Technologies, Inc (NYSE:ESE) ("ESCO"), to Thermon's board of directors (the "Board"). Mr. Richey's addition is part of the Board's ongoing succession planning efforts.John U. Clarke, Thermon's Chairman of the Board said, "On behalf of our entire Board, we are delighted to welcome Vic to the Board. Vic brings a track record of proven success from his tenure as Chairman and CEO of ESCO, which under his leadership, significantly incre
AUSTIN, TX / ACCESSWIRE / November 8, 2023 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, is pleased to announce that John U. Clarke has been appointed non-executive chairman of the board of directors of the Company (the "Board"). He succeeds John Nesser pursuant to the Board's established succession plan. Mr. Nesser will continue to serve as a member of the Board to provide for a smooth transition of the Board's leadership."We want to thank John Nesser for his many contributions while serving as chairman. His leadership, insights and guidance have helped drive Thermon's evolution as a global leader in industri
AUSTIN, TX / ACCESSWIRE / September 6, 2022 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced the appointment of Dr. Angela Strzelecki, President of the Pharmaceutical Solutions Division of International Flavors & Fragrances (NYSE:IFF), to its board of directors.John Nesser, Chairman of the board, said, "We are delighted that Angela has accepted our invitation to join the Thermon board of directors. She brings a wealth of knowledge and relevant experience to our board, and her recruitment adds further gender diversity to our board and augments our long-term board succession plans. In addition to bringing a proven t
CJS Securities initiated coverage of Thermon Group with a rating of Market Outperform and set a new price target of $42.00
ROTH MKM initiated coverage of Thermon Group with a rating of Buy and set a new price target of $36.00
Rosenblatt reiterated coverage of Thermon Group Holdings with a rating of Buy and set a new price target of $26.00 from $25.00 previously
Rosenblatt reiterated coverage of Thermon Group Holdings with a rating of Buy and set a new price target of $26.00 from $23.00 previously
SC 13G/A - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G/A - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G/A - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G/A - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G/A - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G/A - Thermon Group Holdings, Inc. (0001489096) (Subject)
SC 13G - Thermon Group Holdings, Inc. (0001489096) (Subject)
Correction to table “FISCAL 2025 OUTLOOK” AUSTIN, TX / ACCESSWIRE / November 8, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").SECOND QUARTER 2025 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Revenue of $114.6 million, (7.4)%Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4%Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS)Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non
AUSTIN, TX / ACCESSWIRE / November 7, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").SECOND QUARTER 2025 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Revenue of $114.6 million, (7.4)%Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4%Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS)Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non-GAAP)Adjusted EBITDA (non-GAAP) of $23.8 million, (14
AUSTIN, TX / ACCESSWIRE / October 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the second quarter ended September 30, 2024, before the market opens on Thursday, November 7, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Jan Schott, Senior Vice President and Chief Financial Officer, will host a conference call at 10:00 a.m. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the ca
AUSTIN, TX / ACCESSWIRE / October 3, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced the acquisition of Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. ("F.A.T.I."), a manufacturer of electric heaters for industrial applications, based in Milan, Italy.F.A.T.I. is a leading designer and manufacturer of electrical heaters and heating systems for a broad range of industrial end markets, including oil & gas, pharmaceutical, renewables, nuclear and HVAC. Since its founding nearly 80 years ago, F.A.T.I. has built a high-quality portfolio of technologically advanced and reliable solutio
AUSTIN, TX / ACCESSWIRE / September 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced two key additions to its senior leadership team. Jan L. Schott will join the Company as Senior Vice President and Chief Financial Officer, effective October 14, 2024, and Greg Lucas has been promoted to the role of Vice President and Chief Accounting Officer, effective as of the same date.Ms. Schott brings more than 30 years of global financial, commercial and operational experience to Thermon, with a deep background across the energy verticals. Prior to joining Thermon, Ms. Schott served as Executive Vic
AUSTIN, TX / ACCESSWIRE / August 7, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the first quarter ("Q1 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").FIRST QUARTER 2025 HIGHLIGHTS(all comparisons versus the prior year period unless otherwise noted)Revenue $115.1 million, +7.7%Gross profit of $50.4 million, +6.6%; Gross Margin of 43.8%Net Income of $8.5 million, -22.0%, or $0.25 earnings per diluted share; Adjusted Net Income of $13.1 million, or $0.38 Adjusted earnings per diluted shareAdjusted EBITDA of $23.2 million, +5.0%; Adjusted EBITDA marg
AUSTIN, TX / ACCESSWIRE / July 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the first quarter ended June 30, 2024, before the market opens on Wednesday, August 7, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Greg Lucas, Vice President, Corporate Controller, will host a conference call at 10:00 a.m. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the call by dialing (877) 407
Record Revenue, Adjusted EBITDA, and Adjusted EPS for Fiscal 2024Grew Revenue from Diversified End Markets to 68% of Total Revenue in Fiscal 2024Introducing Fiscal 2025 Revenue Guidance of $527 million - $553 million AUSTIN, TX / ACCESSWIRE / May 29, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the fourth quarter ("Q4 2024") of the fiscal year ended March 31, 2024 ("Fiscal 2024"). Key highlights for Q42024 as compared to the three months ended March 31, 2023 ("Q42023") include:Produced record revenue of $127.7 million, an increase of 4%, driven by sales growth across div
AUSTIN, TX / ACCESSWIRE / May 22, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the fiscal year ended March 31, 2024, before the market opens on Wednesday, May 29, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Greg Lucas, Vice President, Corporate Controller, will host a conference call at 10:00 a.m. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the call by dialing (877) 407-597
AUSTIN, TX / ACCESSWIRE / April 3, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced that Kevin Fox, Senior Vice President and Chief Financial Officer of the Company, will be departing Thermon to pursue another opportunity, effective April 12, 2024. The Company has begun a search to consider both internal and external candidates for the Chief Financial Officer role.During this transition period, Greg Lucas, Vice President and Corporate Controller, will assume the roles of principal financial officer and principal accounting officer of the Company. Mr. Lucas joined the Company in 2021 as Corpor
Thermon Group Holdings's (NYSE:THR) short percent of float has fallen 5.1% since its last report. The company recently reported that it has 267 thousand shares sold short, which is 0.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.42 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i
Roth MKM analyst Chip Moore maintains Thermon Group Holdings (NYSE:THR) with a Buy and raises the price target from $36 to $38.
Thermon Group Holdings, Inc. (NYSE:THR) shares are trading lower after it reported a fourth-quarter FY24 revenue increase of 4% Y/Y to $127.7 million, beating the consensus of $126.66 million. Revenue was driven by sales growth across diversified end markets and decarbonization projects. Thermon delivered bookings of $117.0 million, with 73% of orders in diversified end markets and a book-to-bill ratio of 0.92x. The company achieved gross profit growth of 2% to $52.4 million, with a margin of 41.0%, a contraction of approximately 110 basis points Y/Y, in the quarter. Adjusted EBITDA fell 6% Y/Y to $23.6 million, owing to planned investment to support long-term strategy. Adjust
Greg Lucas, Thermon's Vice President, Corporate Controller, added, "For the coming fiscal year ending March 31, 2025 ("Fiscal 2025"), we expect our customers to remain cautious with respect to large capital projects under the current macroeconomic backdrop. Nonetheless, we are optimistic about our ability to deliver revenue and earnings growth in Fiscal 2025 as we continue to execute our strategy and improve our cost structure through operational efficiency. We anticipate revenue to be in the range of approximately $527 million to $553 million, which represents year-over-year growth of 9% at the midpoint and Adjusted EBITDA to be approximately $112 million to $120 million representing 11% gr
Thermon Group Holdings (NYSE:THR) reported quarterly earnings of $0.34 per share which beat the analyst consensus estimate of $0.32 by 6.25 percent. This is a 17.07 percent decrease over earnings of $0.41 per share from the same period last year. The company reported quarterly sales of $127.65 million which beat the analyst consensus estimate of $126.66 million by 0.78 percent. This is a 4.22 percent increase over sales of $122.48 million the same period last year.
CJS Securities initiates coverage on Thermon Group Holdings (NYSE:THR) with a Market Outperform rating and announces Price Target of $42.
The Company has begun a search to consider both internal and external candidates for the Chief Financial Officer role. During this transition period, Greg Lucas, Vice President and Corporate Controller, will assume the roles of principal financial officer and principal accounting officer of the Company.
As of April 1, 2024, five stocks in the industrials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzinga Pro. Here’s the latest list of major overbought players in this sector. Nikola Corporation (NASDAQ:NKLA) On March 27, Nikola said that a unit of the company collaborated
Roth MKM analyst Chip Moore initiates coverage on Thermon Group Holdings (NYSE:THR) with a Buy rating and announces Price Target of $36.