secwatch.observer — SEC 8-K summary
======================================

Issuer:     Thermon Group Holdings, Inc. (THR)
CIK:        0001489096
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001489096-23-000145
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489096/000148909623000145/0001489096-23-000145-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489096/000148909623000145/thr-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001489096-23-000145

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