Highest-materiality recent filing
CECO Environmental completes acquisition of Thermon Group; THR shares delisted from NYSE
CECO issued ~22.53M shares and paid ~$329.4M cash to former THR shareholders (approx. 32.94M THR shares outstanding).
Thermon shareholders approve merger with CECO; deal expected to close June 1, 2026
Thermon stockholders voted 99.97% in favor of merger with CECO; ~28.77M shares voted.
Thermon Q4 revenue up 11% to $148.3M; GAAP EPS $0.08; CECO merger on track for June
Q4 revenue $148.3M (+11% YoY); GAAP net income $2.7M ($0.08 EPS), down 84% on transaction costs.
Quote log for liquid load banks exceeds $100M as of April 2026, up nearly 70% from two months ago.
Thermon Group posts updated investor presentation to website
Presentation titled 'THR Investor Presentation (Mar 2026)' posted to ir.thermon.com on March 23, 2026.
Per share consideration options: $63.89 cash, 0.8110 CECO shares, or 0.6840 CECO shares plus $10 cash.
Thermon Group Holdings Reports Record Q3 Fiscal 2026 Results and Raises Full-Year Guidance
Revenue $147.3M, +9.6% YoY; record quarterly revenue driven by large project activity and pricing.
Thermon Q2 beats: rev $131.7M (+14.9%), adj EPS $0.55, raises FY guidance
Revenue $131.7M, +14.9% YoY; gross margin 46.4% vs 44.4% last year.
Revenue $108.9M (-5.4% YoY); organic revenue down 11.3%; adjusted EPS $0.36 vs $0.38.
Thermon Group annual meeting: all director nominees and proposals approved
Re-elected seven directors: Clarke, Dalgetty, Fix, George, Richey, Strzelecki, Thames; each received >93% votes for.
Thermon enters into $240M credit facility to refinance debt, extend maturity to 2030
$115M five-year secured revolving credit facility and $125M five-year secured term loan A.
Thermon names Thomas Cerovski COO effective July 1; salary $425,000
Thomas Cerovski promoted from SVP Global Business Units to SVP and COO, effective July 1, 2025.
Thermon names Thomas Cerovski as SVP and COO, effective July 1, 2025
Cerovski receives $450,000 base salary; target bonus of 75% under amended STIP.
Thermon Q4 revenue up 5% to $134.1M, Adj. EBITDA +29% to $30.5M, guides FY26 revenue $495-535M
Q4 net income $17.0M ($0.50 EPS); Adj. EPS $0.56, up 65% YoY; Adj. EBITDA margin 22.7% vs 18.5%.
Thermon SVP Mark Roberts to retire June 30, 2025; to serve as consultant through June 2026
Mark Roberts, SVP Thermon Heating Systems, notified company of retirement effective June 30, 2025.
Thermon Q3 revenue down 1.5% but adjusted EBITDA up 3.3%; backlog +48%
Revenue $134.4M (-1.5% YoY); organic revenue declined 11.2% excluding acquisitions.
Thermon Q2 revenue down 7.4% to $114.6M; cuts FY2025 revenue guidance to $495-515M
Revenue $114.6M (-7.4% YoY); net income $9.5M (-35.4%); adjusted EPS $0.38 (-22.4%).
Thermon Q2 revenue down 7.4% to $114.6M; lowers FY2025 guidance
Net income $9.5M ($0.28 dil EPS) vs $14.7M ($0.43) YoY; adjusted EPS $0.38.
Thermon acquires Italian electric heater maker F.A.T.I. for €12.5M
Purchase price of €12.5 million, funded with cash on hand; F.A.T.I. had over €12M revenue in 2023.
Thermon appoints Jan L. Schott as CFO, promotes Greg Lucas to CAO
Jan L. Schott appointed SVP & CFO, effective Oct 14, 2024; base salary $450,000, target bonus 75%, equity award $450,000.
OPEX revenue $97.5M (+21.6%); Over-Time Large Projects $17.6M (-34%); organic sales declined 5.3%.
All seven director nominees re-elected with strong support; Victor Richey received highest 'for' votes (31,256,518).
Thermon posts record FY2024 revenue $494.6M; guides FY2025 rev $527-553M
Q4 revenue $127.7M (+4% YoY); GAAP EPS $0.29 (+26%); net income $10.1M (+31%).
Kevin Fox steps down as SVP and CFO effective April 12, 2024, to pursue another opportunity; no disagreement with company.
Thermon authorizes $50M inaugural share repurchase program through March 2027
Board authorized repurchase of up to $50M of common stock through March 15, 2027.
Thermon Q3 FY2024 revenues $136.4M (+12%), EPS $0.46 (+86%); raises FY rev guidance to ~$490-500M
Record quarterly revenue of $136.4M, up 12% YoY, driven by US-LAM, Europe, and Asia Pacific.
Thermon Q3 revenue $136.4M (+12%), GAAP EPS $0.46 (+86%), raises FY2024 guidance
Record revenue of $136.4M (+12% YoY); GAAP EPS $0.46 (+86%) and adjusted EPS $0.59 (+13%).
Thermon acquires Vapor Power ($50M+ revenue); $100M term loan funds deal; expects EPS accretion
Acquired Vapor Power, a provider of electric and gas fired boilers, for an undisclosed sum; financed via $100M incremental term loan and cash on hand.
Thermon appoints Victor L. Richey, former ESCO CEO, to board of directors
Appointment effective December 6, 2023; board expands from 8 to 9 members.
Thermon updates FY2026 targets: revenue $600-700M, adj. EBITDA margin ~24%
FY2026 revenue target raised to $600M-$700M, up from prior guidance.
Thermon Q2 revenue up 23% to record $123.7M; raises FY2024 guidance
Record revenue of $123.7M (+23% YoY); GAAP EPS $0.43 (+33%), adjusted EPS $0.49 (+30%).
Thermon reports record Q1 revenue $106.9M; raises FY2024 EPS guidance
Revenue of $106.9M, up 12% YoY; GAAP EPS $0.32, adjusted EPS $0.40 (up 60% YoY).
8 directors re-elected; vote percentages ranged from ~82% (John Nesser) to ~98% (Bruce Thames) of votes cast.
Thermon reports record Q4 revenue $122.5M, adj. EPS $0.41; FY2024 guidance $455-485M
Q4 revenue $122.5M (+19% YoY), record quarterly bookings $132.1M; FY revenue $440.6M (+24% YoY) record.
Thermon amends credit agreement: replaces LIBOR with SOFR, adds covenants for divestment
Replaced LIBOR with Term SOFR as benchmark rate; technical updates for Term Benchmark and RFR Loans.
Thermon Q3 revenue up 21% to $122.1M, adjusted EPS $0.52; announces Russia exit with $8.3M charge
Revenue $122.1M (+21% YoY); GAAP EPS $0.25, adjusted EPS $0.52 (+41%); record bookings $126M.
Thermon Q2 revenue up 24% to $100.6M; raises FY2023 guidance
GAAP EPS $0.33 vs $0.01 prior year; adjusted EPS $0.38 vs $0.12, up 217%.
Thermon appoints Dr. Angela Strzelecki to board of directors
Appointed Dr. Angela Strzelecki as director effective September 6, 2022; board size increased from 7 to 8.
Thermon Q1 revenue $95.4M (+34%), net income $6.6M; raises FY2023 guidance
Record Q1 revenue $95.4M up 34% YoY; net income $6.6M vs loss $(0.3)M.
Thermon Group shareholders re-elect all seven director nominees and ratify KPMG
All seven director nominees re-elected; John U. Clarke received 90.1% of votes cast (27.7M for).
Thermon acquires Powerblanket, supplier of heated blankets; revenue $17M, accretive in 12 months
Acquired Powerblanket, a North American supplier of heated blankets and portable chillers, for an undisclosed amount.
Thermon reports Q4 revenue up 40% to $102.6M; net income $8.7M, initiates FY2023 guidance
Revenue $102.6M (+40% YoY); net income $8.7M vs loss $1.1M; GAAP EPS $0.26, adjusted EPS $0.31.
Thermon Q3 FY2022 revenue $100.6M (+26% YoY); raises FY guidance to $342-350M
Revenue $100.6M vs $79.6M (+26%); net income $11.3M vs $6.2M (+82%).
Thermon appoints Roberto Kuahara as SVP Global Operations; Rene van der Salm departs
Kuahara starts Feb 14, 2022; base salary $305,000, signing bonus $115,000, RSU award $50,000, relocation up to $100,000.
Thermon Q2 revenue up 22% to $81.3M, raises FY2022 guidance to $330-345M
Revenue $81.3M (+22% YoY); GAAP EPS $0.01; adjusted EPS $0.12 (flat YoY).
Thermon refinances debt, estimates $4M annual cash interest savings
Replaced $140M term loan B with $80M US term loan A, CAD76M Canadian term loan A, and $100M revolver – expects ~$4M annual cash interest savings.
Thermon Q1 revenue up 25% to $71.2M; raises FY2022 guidance to $293-308M
Revenue of $71.2M vs $56.8M YoY (+25%); GAAP net income $0.9M vs $(6.1)M loss.
Thermon shareholders re-elect all seven directors, ratify KPMG, approve say-on-pay
All seven director nominees elected with 89% to 95% of votes cast in favor.
On February 17, 2025, Mark Roberts, Senior Vice President, Thermon Heating Systems and Engineering and a current named executive officer of Thermon Group Holdings, Inc. (the " Company "), notified the Company of his decision to retire from his role, effective June 30, 2025 (the “ Transition Date ”) .
the Board has appointed Greg Lucas as the Company’s Vice President and Chief Accounting Officer, effective October 14, 2024.
the Board of Directors (the " Board ") of Thermon Group Holdings, Inc. (the “ Company ”) appointed Jan L. Schott as the Company’s Senior Vice President and Chief Financial Officer, effective October 14, 2024.
On March 28, 2024, Thermon Group Holdings, Inc. (the “ Company ”) received notice from Kevin Fox of his intent to step down as Senior Vice President and Chief Financial Officer, effective April 12, 2024.
In the interim, Greg Lucas, the Company’s Vice President and Corporate Controller, will serve as the Company’s principal financial officer and principal accounting officer, effective April 12, 2024.
appointed Victor L. Richey as a director of the Company, effective as of December 6, 2023.
appointed Dr. Angela Strzelecki as a director of the Company, effective as of September 6, 2022.
In connection with this transition, Rene van der Salm, the Company’s Senior Vice President, Global Operations, will cease to serve in such role, effective February 14, 2022,
On January 13, 2022, the Board of Directors of Thermon Group Holdings, Inc. (the “ Company ”) appointed Roberto Kuahara as the Company’s Senior Vice President, Global Operations, effective February 14, 2022.
Max materiality 0.90 · Median 0.70 · Most common event earnings