secwatch.observer — SEC 8-K summary
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Issuer:     Thermon Group Holdings, Inc. (THR)
CIK:        0001489096
Form:       8-K/A
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001489096-24-000208
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Thermon Q2 revenue down 7.4% to $114.6M; cuts FY2025 revenue guidance to $495-515M
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- Revenue $114.6M (-7.4% YoY); net income $9.5M (-35.4%); adjusted EPS $0.38 (-22.4%).
- New orders $131.1M (+12.6% YoY); backlog $214.9M (+28.8% YoY, including Vapor Power).
- FY2025 guidance cut: revenue $495-$515M (prior $527-$553M); adj. EBITDA $105-$110M; adj. EPS $1.77-$1.89.
- Correction: original 8-K had erroneous revenue guidance of $495 to $515; now correctly stated in amended filing.
- OPEX revenue 85% of total; large project revenue down 51%; net leverage 1.3x; free cash flow $6.7M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489096/000148909624000208/0001489096-24-000208-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489096/000148909624000208/thr-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001489096-24-000208

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