secwatch.observer — SEC 8-K summary
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Issuer:     Thermon Group Holdings, Inc. (THR)
CIK:        0001489096
Form:       8-K
Filed at:   2025-02-06T23:59:59+00:00
Accession:  0001489096-25-000020
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Thermon Q3 revenue down 1.5% but adjusted EBITDA up 3.3%; backlog +48%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1489096/000148909625000020/0001489096-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1489096/000148909625000020/thr-20250206.htm
  HTML page:      https://secwatch.observer/filing/0001489096-25-000020

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