Thermon Q2 revenue up 22% to $81.3M, raises FY2022 guidance to $330-345M

Thermon Group Holdings, Inc.

2022-Q2 EPS reported $0.00 revenue$152,477,000

Revenue $81.3M (+22% YoY); GAAP EPS $0.01; adjusted EPS $0.12 (flat YoY).
Orders up 59% with one-time >$20M contract; backlog $155.5M (+31% YoY).
Gross margin 39.0% (vs 43.6% YoY); adjusted EBITDA $11.4M (+9%).
Raising FY2022 revenue guidance to $330-345M; targeting net debt/EBITDA leverage of 1.5x by Mar 2022.

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