---
schema_version: "secwatch.filing_event.v1"
accession: "0001489096-23-000062"
form_type: "8-K"
ticker: "THR"
cik: "0001489096"
company_name: "Thermon Group Holdings, Inc."
filed_at: "2023-05-25T23:59:59+00:00"
generated_at: "2026-06-14T14:25:29.743717+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001489096-23-000062
- form_type: 8-K
- ticker: THR
- cik: 0001489096
- company_name: Thermon Group Holdings, Inc.
- filed_at: 2023-05-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1489096/000148909623000062/0001489096-23-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1489096/000148909623000062/thr-20230525.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001489096-23-000062
- JSON: https://secwatch.observer/filing/0001489096-23-000062.json
- Plain text: https://secwatch.observer/filing/0001489096-23-000062.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1489096/000148909623000062/0001489096-23-000062-index.htm
- Earnings Releases
  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
  source text: 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 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1489096/000148909623000062/0001489096-23-000062-index.htm
- Earnings Releases
  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
  source text: Introducing Fiscal 2024 revenue guidance of $455 - $485 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1489096/000148909623000062/0001489096-23-000062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.