---
schema_version: "secwatch.filing_event.v1"
accession: "0001489096-23-000145"
form_type: "8-K"
ticker: "THR"
cik: "0001489096"
company_name: "Thermon Group Holdings, Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-08T23:59:02.815765+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001489096-23-000145
- form_type: 8-K
- ticker: THR
- cik: 0001489096
- company_name: Thermon Group Holdings, Inc.
- filed_at: 2023-11-02T23:59:59+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/1489096/000148909623000145/0001489096-23-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1489096/000148909623000145/thr-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001489096-23-000145
- JSON: https://secwatch.observer/filing/0001489096-23-000145.json
- Plain text: https://secwatch.observer/filing/0001489096-23-000145.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1489096/000148909623000145/0001489096-23-000145-index.htm

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