Thermon Q2 revenue up 24% to $100.6M; raises FY2023 guidance

Thermon Group Holdings, Inc.

2023-Q2 EPS reported $0.52 revenue$195,999,000

GAAP EPS $0.33 vs $0.01 prior year; adjusted EPS $0.38 vs $0.12, up 217%.
Revenue $100.6M (+24% YoY); organic sales up 20% ex-Powerblanket.
Adjusted EBITDA $21.9M (+92%); gross margin improved to 45.7% from 39.0%.
Raising FY2023 guidance: revenue $405-$420M, GAAP EPS $1.08-1.17, adj. EPS $1.30-1.39.
Net debt/adj. EBITDA ratio improved to 1.4x from 2.3x; free cash flow ($1.3M).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Thermon Group Holdings, Inc. updated its second quarter of the fiscal year ending March 31, 2023 guidance (raised).

Period: second quarter of the fiscal year ending March 31, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On November 3, 2022, Thermon Group Holdings, Inc. (“Thermon”) issued a press release announcing its consolidated financial results for the second quarter of the fiscal year ending March 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

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Source: SEC EDGAR

accession 0001489096-22-000153

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