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.
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 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 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 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%.
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 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 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).
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 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 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 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 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.
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