secwatch.observer — SEC 8-K summary
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Issuer:     Thermon Group Holdings, Inc. (THR)
CIK:        0001489096
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001489096-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489096/000148909624000019/0001489096-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489096/000148909624000019/thr-20240201.htm
  HTML page:      https://secwatch.observer/filing/0001489096-24-000019

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