Thermon reports record Q4 revenue $122.5M, adj. EPS $0.41; FY2024 guidance $455-485M

Thermon Group Holdings, Inc.

2023-FY EPS reported $1.00 revenue$440,590,000

Q4 revenue $122.5M (+19% YoY), record quarterly bookings $132.1M; FY revenue $440.6M (+24% YoY) record.
Q4 Adj. EBITDA $25.1M (+37% YoY), margin 20.5%; FY Adj. EBITDA $93.3M (+60% YoY), margin 21.2%.
FY2024 guidance: revenue $455-485M, GAAP EPS $1.45-$1.61, Adj. EPS $1.66-$1.82.
Russia Exit charges $4.5M in Q4; withdrawal expected to complete by end of Q2 FY2024.
Net debt/EBITDA improved to 0.8x from 1.5x; available liquidity $122.3M.

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. reported the fiscal year ending March 31, 2023 results: revenue $440.6 million, net income $33.7 million, EPS $1.00.

Period: the fiscal year ending March 31, 2023
Revenue: $440.6 million
Net income: $33.7 million
EPS: $1.00
Result: reported results

Exact text from the filing

bookings since the Company's IPO Key highlights for Fiscal 2023 as compared to the twelve months ended March 31, 2022 (“Fiscal 2022”) include: • Produced record revenue of $440.6 million, an increase of 24%, driven by strong demand in North America • Realized non-GAAP Adjusted EPS of $1.56, an increase of 88%, mainly due to volume and improved margins • Generated

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Thermon Group Holdings, Inc. reported the fourth quarter of the fiscal year ending March 31, 2023 results: revenue $122.5 million, net income $7.7 million, EPS $0.23.

Period: the fourth quarter of the fiscal year ending March 31, 2023
Revenue: $122.5 million
Net income: $7.7 million
EPS: $0.23
Result: reported results

Exact text from the filing

diluted GAAP EPS of $1.00 for Fiscal 2023. Key highlights for Q4 2023 as compared to the three months ended March 31, 2022 ("Q4 2022") include: • Produced record revenue of $122.5 million, an increase of 19%, driven by solid growth across all regions • Realized non-GAAP Adjusted EPS of $0.41, an increase of 33%, largely due to margin improvement and cost control •

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Thermon Group Holdings, Inc. reported the fiscal year ending March 31, 2024 results: revenue $455 - $485 million. Guidance initiated.

Period: the fiscal year ending March 31, 2024
Revenue: $455 - $485 million
Guidance: initiated
Result: guidance update

Exact text from the filing

Introducing Fiscal 2024 revenue guidance of $455 - $485 million

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Thermon Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001489096-23-000062

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