Thermon Q2 revenue up 23% to record $123.7M; raises FY2024 guidance

Thermon Group Holdings, Inc.

2024-Q2 EPS reported $0.75 revenue$230,548,000

Record revenue of $123.7M (+23% YoY); GAAP EPS $0.43 (+33%), adjusted EPS $0.49 (+30%).
Net income $14.7M (+34%); Adjusted EBITDA $27.7M (+27%); bookings $116.4M (+22%).
Raises FY2024 guidance: revenue ~$478-498M, GAAP EPS $1.59-1.69, adjusted EPS $1.84-1.94.
Gross margin 44.0% (down 170 bps due to mix); net debt/EBITDA improved to 0.8x from 1.4x.
Russia Exit on track for Q3 FY2024 with $0.5M charge recorded in Q2.

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 1.0

Thermon Group Holdings, Inc. reported the second quarter of the fiscal year ending March 31, 2024 results: revenue $123.7 million, net income $14.7 million, EPS $0.43. Guidance raised.

Period: the second quarter of the fiscal year ending March 31, 2024
Revenue: $123.7 million
Net income: $14.7 million
EPS: $0.43
Guidance: raised
Result: reported results

Exact text from the filing

year ending March 31, 2024 ("Fiscal 2024"). Key highlights for Q2 2024 as compared to the three months ended September 30, 2022 ("Q2 2023") include: • Produced record revenue of $123.7 million, an increase of 23%, driven by sales growth in the US, Europe and Asia Pacific • Realized fully diluted GAAP earnings per share ("EPS") of $0.43 and record non-GAAP adjusted EPS

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

Thermon Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001489096-23-000145

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

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.