secwatch.observer — SEC 8-K summary
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Issuer:     Thermon Group Holdings, Inc. (THR)
CIK:        0001489096
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001489096-22-000113
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Thermon Q1 revenue $95.4M (+34%), net income $6.6M; raises FY2023 guidance
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- Record Q1 revenue $95.4M up 34% YoY; net income $6.6M vs loss $(0.3)M.
- Adjusted EBITDA $16.6M (+106% YoY); adjusted EPS $0.25 vs $0.04.
- Backlog $165M (+43%); orders $103.3M (+43%); book-to-bill 1.16x ex large contract.
- FY2023 guidance raised: revenue $380-$405M, GAAP EPS $0.85-$0.97, adj EPS $1.07-$1.19.
- Completed Powerblanket acquisition (undisclosed); net debt $110.8M, leverage 1.7x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489096/000148909622000113/0001489096-22-000113-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489096/000148909622000113/thr-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001489096-22-000113

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer