secwatch.observer — SEC 8-K summary
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Issuer:     Thermon Group Holdings, Inc. (THR)
CIK:        0001489096
Form:       8-K/A
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001489096-24-000023
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489096/000148909624000023/0001489096-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489096/000148909624000023/thr-20240201.htm
  HTML page:      https://secwatch.observer/filing/0001489096-24-000023

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