Thermon Q1 revenue up 25% to $71.2M; raises FY2022 guidance to $293-308M

Thermon Group Holdings, Inc.

2022-Q1 EPS reported $0.03 revenue$71,155,000

Revenue of $71.2M vs $56.8M YoY (+25%); GAAP net income $0.9M vs $(6.1)M loss.
Adjusted EBITDA $9.7M vs $1.4M (+593%); Adjusted EPS $0.07 vs $(0.11).
Orders rose 19% to $72.4M; backlog $115.8M (+5% YoY).
Received first order for Genesis Network technology.
Raised FY2022 revenue guidance to $293-308M from prior expectations.

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