secwatch.observer — SEC 8-K summary
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Issuer:     Thermon Group Holdings, Inc. (THR)
CIK:        0001489096
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001489096-23-000017
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 2.05, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Thermon Q3 revenue up 21% to $122.1M, adjusted EPS $0.52; announces Russia exit with $8.3M charge
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- Revenue $122.1M (+21% YoY); GAAP EPS $0.25, adjusted EPS $0.52 (+41%); record bookings $126M.
- Raises FY2023 guidance: revenue $429-437M, GAAP EPS $1.11-1.15, adjusted EPS $1.55-1.59.
- Board authorized withdrawal from Russia; $8.3M pretax charge in Q3; total estimated $12-15M.
- Net debt/EBITDA ratio improved to 1.1x from 2.2x; free cash flow $17.6M.
- Organic sales up 14% excluding Powerblanket acquisition; Powerblanket contributed $7.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489096/000148909623000017/0001489096-23-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489096/000148909623000017/thr-20230131.htm
  HTML page:      https://secwatch.observer/filing/0001489096-23-000017

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