Thermon Q3 FY2022 revenue $100.6M (+26% YoY); raises FY guidance to $342-350M

Thermon Group Holdings, Inc.

2022-Q3 EPS reported $0.34 revenue$253,090,000

Revenue $100.6M vs $79.6M (+26%); net income $11.3M vs $6.2M (+82%).
GAAP EPS $0.33; Adjusted EPS $0.37 vs $0.30. Adjusted EBITDA $20.6M (+11%).
Orders up 31% YoY; backlog $145.7M (+32%) vs $110.1M. Book-to-bill 1.02x ex-one-time contract.
Raising FY2022 revenue guidance to $342-350M; targeting net debt to EBITDA leverage ~1.5x by March 31, 2022.

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