Thermon Q3 revenue $136.4M (+12%), GAAP EPS $0.46 (+86%), raises FY2024 guidance

Thermon Group Holdings, Inc.

2024-Q3 EPS reported $1.21 revenue$366,975,000

Record revenue of $136.4M (+12% YoY); GAAP EPS $0.46 (+86%) and adjusted EPS $0.59 (+13%).
Net income $15.8M (+88%); Adjusted EBITDA $30.7M (+3%).
FY2024 revenue guidance raised to ~$490-500M; GAAP EPS $1.42-1.50; adjusted EPS $1.76-1.84.
Closed Vapor Power acquisition in Dec 2023; net debt-to-Adjusted EBITDA 1.5x.
Russia Exit on track for Q4 FY2024; $1.3M charge recorded in Q3.

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 0.95

Thermon Group Holdings, Inc. reported third quarter of the fiscal year ending March 31, 2024 results: revenue $136.4 million, net income $15.8 million, EPS $0.46. Guidance raised.

Period: third quarter of the fiscal year ending March 31, 2024
Revenue: $136.4 million
Net income: $15.8 million
EPS: $0.46
Guidance: raised
Result: reported results

Exact text from the filing

year ending March 31, 2024 ("Fiscal 2024"). Key highlights for Q3 2024 as compared to the three months ended December 31, 2022 ("Q3 2023") include: • Produced record revenue of $136.4 million, an increase of 12%, driven by sales growth in US-LAM, Europe and Asia Pacific • Realized fully diluted GAAP earnings per share ("EPS") of $0.46 and record non-GAAP adjusted EPS

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Thermon Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001489096-24-000019

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