Thermon Q3 FY2024 revenues $136.4M (+12%), EPS $0.46 (+86%); raises FY rev guidance to ~$490-500M

Thermon Group Holdings, Inc.

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

Record quarterly revenue of $136.4M, up 12% YoY, driven by US-LAM, Europe, and Asia Pacific.
Net income $15.8M (+88%); GAAP EPS $0.46; adjusted EPS $0.59 (+13%).
Gross margin expanded 80 bps to 42.1%; bookings $124.4M (book-to-bill 0.91x).
Closed Vapor Power acquisition in Dec 2023; net debt/Adj. EBITDA at 1.5x within target.
FY2024 revenue guidance raised to ~$490-500M; adj. EPS guidance $1.76-$1.84.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Thermon Group Holdings, Inc. reported third quarter ("Q3 2024") of the fiscal year ending March 31, 2024 results: revenue $136.4 million, net income $15.8 million, EPS $0.46. Guidance reaffirmed.

Period: third quarter ("Q3 2024") of the fiscal year ending March 31, 2024
Revenue: $136.4 million
Net income: $15.8 million
EPS: $0.46
Guidance: reaffirmed
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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Source: SEC EDGAR

accession 0001489096-24-000023

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