earnings
confidence high
sentiment positive
materiality 0.75
Thermon Q3 revenue down 1.5% but adjusted EBITDA up 3.3%; backlog +48%
Thermon Group Holdings, Inc.
2025-Q3 EPS
reported $1.07
vs consensus $0.37
▲ beat
(+192.3%)
- Revenue $134.4M (-1.5% YoY); organic revenue declined 11.2% excluding acquisitions.
- Net income $18.5M (+17.1%); adjusted EBITDA $31.8M (+3.3%); margin 23.7% up 112 bps.
- Backlog $235.6M (+48.4% total, +9.1% organic); new orders $138.6M (+11.4%).
- Guidance reaffirmed: FY revenue $495-515M, adjusted EBITDA $105-110M, adj. EPS $1.77-$1.89.
- Net leverage 1.1x; free cash flow $8.5M in quarter; $43.5M share repurchase remaining.