secwatch.observer — SEC 8-K summary
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Issuer:     Thermon Group Holdings, Inc. (THR)
CIK:        0001489096
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001489096-24-000149
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Thermon Q1 revenue $115.1M (+7.7%), net income $8.5M (-22%), adj EBITDA $23.2M (+5%); reiterates FY25 guidance
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- OPEX revenue $97.5M (+21.6%); Over-Time Large Projects $17.6M (-34%); organic sales declined 5.3%.
- New orders $127.2M (+11.5%), book-to-bill 1.1x; backlog $198.5M (+15.3%), organic backlog -10.4%.
- Adjusted EPS $0.38; reiterates FY25 guidance: revenue $527-553M, Adj EBITDA $112-120M, Adj EPS $1.90-2.06.
- Net leverage 1.1x; free cash flow $8.8M (fav vs -$1.9M prior year); Vapor Power contributed $13.9M revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489096/000148909624000149/0001489096-24-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489096/000148909624000149/thr-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001489096-24-000149

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