Thermon reports record Q1 revenue $106.9M; raises FY2024 EPS guidance

Thermon Group Holdings, Inc.

2024-Q1 EPS reported $0.32 revenue$106,889,000

Revenue of $106.9M, up 12% YoY; GAAP EPS $0.32, adjusted EPS $0.40 (up 60% YoY).
Net income $10.9M (+67%); Adjusted EBITDA $22.1M (+33%), margin 20.7% (+330 bps).
Bookings $120.1M (book-to-bill 1.12x); backlog $178.1M, up 8% YoY.
FY2024 guidance raised: revenue $462-488M, GAAP EPS $1.48-1.62, adjusted EPS $1.69-1.83.
Net debt/Adj. EBITDA improved to 0.8x from 1.7x; total debt $113.5M, down $37.3M.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.