earnings
confidence high
sentiment positive
materiality 0.80
Thermon reports Q4 revenue up 40% to $102.6M; net income $8.7M, initiates FY2023 guidance
Thermon Group Holdings, Inc.
2022-FY EPS reported
$0.60
revenue$355,674,000
- Revenue $102.6M (+40% YoY); net income $8.7M vs loss $1.1M; GAAP EPS $0.26, adjusted EPS $0.31.
- Adjusted EBITDA $18.3M (+214% YoY); orders up 42%; backlog $156.2M (+37%).
- Full-year FY2022 revenue $355.7M (+29%), net income $20.1M vs $0.9M, adjusted EBITDA $58.5M (+61%).
- FY2023 guidance: revenue $350-$380M (ex one-time contract); GAAP EPS $0.74-$0.89.
- Diverse end-markets now 60% of revenue; six Genesis Network orders; 11 new products introduced.