Thermon Group Holdings, Inc.

27.91-0.18 (-0.64%)

Oct 29, 4:00:02 PM EDT · NYSE · THR · USD

Upcoming Earnings

Report date

Nov 6, 2025 (in 7 days)

Key Stats

Market Cap

922.84M

P/E (TTM)

17.66

Basic EPS (TTM)

1.58

Dividend Yield

Recent Filings

8-K

Thermon Q1 revenue falls 5.4%

8/7/25Aug 7, 2025

Thermon reported Q1 fiscal 2026 revenue of $108.9 million, down 5.4% from last year, hit by tariff uncertainty and $10 million in delayed backlog conversion from supply chain snags. Yet gross margin edged up to 44.1% through tariff mitigation and cost controls, while backlog surged 27.1% to $252.2 million on strong demand in chemical, power, and renewables. Orders dipped 5.1%, but the book-to-bill held at 1.11x. Thermon confirms full-year guidance of $495-535 million revenue and $1.77-1.99 adjusted EPS. Backlog delays risk near-term revenue slips.

10-Q

Q1 FY2026 results

8/7/25Aug 7, 2025

Thermon's Q1 FY2026 sales dipped 5% y/y to $108.9M, pressured by delayed backlog conversion and tariff uncertainty, yet EMEA surged 118% y/y to $17.1M thanks to the F.A.T.I. acquisition closed Oct 2024 for ~$14.7M (all cash), adding $6.8M in revenue and recognizing $2.2M goodwill plus $4.2M finite-lived intangibles amortized over 5-15 years. Gross margin edged up 0.3 points to 44.1% on favorable product mix and pricing, while operating income fell 15% y/y to $11.7M amid higher SG&A from integration costs; diluted EPS held steady at $0.26, reconciling to 33.3M weighted shares with no material anti-dilution. Cash dipped to $36.5M but free cash flow remained solid at $8.3M (derived), with $133.9M term debt at 5.7-6.0% maturing 2026 and $94.3M revolver availability under compliant covenants. Post-quarter, a July 2025 refinancing swapped in a $125M term loan and $115M revolver for better terms. Tariffs on U.S.-Canada trade add cost pressures.

8-K

Thermon's annual meeting results

7/30/25Jul 30, 2025

Thermon Group Holdings held its 2025 annual meeting on July 28, with 96.81% of shares present. All seven director nominees—John Clarke, Linda Dalgetty, Roger Fix, Marcus George, Victor Richey, Angela Strzelecki, and Bruce Thames—secured re-election, though Fix and George drew notable withheld votes exceeding 1.8 million each. Shareholders ratified KPMG as auditors for fiscal 2026 and approved executive compensation on an advisory basis. Board continuity holds firm.

8-K

Thermon Group Holdings, Inc. refinances its credit facilities with a new $125M term loan and $115M revolving credit, maturing 2030. Key terms include a 3.50:1 leverage ratio covenant, security over assets, and provisions for incremental facilities.

7/29/25Jul 29, 2025

Thermon Group Holdings, Inc. has entered into a Second Amended and Restated Credit Agreement dated as of July 24, 2025, establishing a $125 million term loan facility and a $115 million revolving credit facility, replacing the prior agreement. The facilities mature on July 24, 2030, with the term loan amortizing quarterly starting December 31, 2025. The agreement includes financial covenants, security provisions, and standard representations, warranties, and events of default.

8-K

Thermon appoints new COO

7/1/25Jul 1, 2025

Thermon Group Holdings appointed Thomas Cerovski as Senior Vice President and Chief Operating Officer on July 1, 2025, effective immediately, with a $450,000 base salary and 75% target bonus. Cerovski, a six-year veteran leading global business units, will drive growth in decarbonization, digitization, and diversification while expanding the installed base for recurring revenue. His 30 years of industry experience positions him to execute strategic pillars. Yet risks from leadership transitions linger undisclosed.

About

Thermon Group Holdings, Inc. provides engineered industrial process heating solutions for process industries in the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers heat tracing solutions, including software automated engineering design services, heat tracing products, smart connected control and monitoring systems, construction services, and maintenance services; tubing bundle solutions comprising bundle design services, heated, and insulated sample lines; temporary power systems; heated blankets; and electric heat tracing cables, steam heating solutions, controls, monitoring and software, instrumentation, project services, industrial heating and filtration solutions, temporary electrical power distribution and lighting, and other complementary products and services. It also provides controls, monitoring, and software systems for the control and management of a heat trace system; environmental heating solutions that offer electric or gas-powered space heating for hazardous and non-hazardous areas under the Ruffneck, Norsemen, and Catadyne brands; process heating solutions under the Caloritech brand name; filtration solutions under the 3L Filters brand; rail and transit solutions under the Hellfire, Velocity, ArcticSense, and other brand names; and electric resistance, electrode, and fired coil tube boilers under the Vapor Power, Precision Boilers, and Caloritech brands. In addition, the company offers project services, such as engineering and design, procurement and project management, turnkey construction installation, recurring facility assessment or audit, and maintenance services. Further, it operates an electron cross-linking facility. The company serves the general industrial, chemical and petrochemical, oil, gas, power generation, commercial, food and beverage, rail and transit, and other markets. Thermon Group Holdings, Inc. was founded in 1954 and is headquartered in Austin, Texas.

CEO

Mr. Bruce A. Thames

IPO

5/5/2011

Website

https://www.thermon.com

Employees

1,568

Sector

Industrials

Industry

Specialty Industrial Machinery