secwatch.observer — SEC 8-K summary
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Issuer:     Thermon Group Holdings, Inc. (THR)
CIK:        0001489096
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001489096-23-000114
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489096/000148909623000114/0001489096-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489096/000148909623000114/thr-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001489096-23-000114

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