Thermon achieved record third-quarter results, with revenue increasing by 9.6% to $147.3 million, driven by strong end-market demand and effective pricing. Adjusted EBITDA grew by 11.9% to $35.6 million, and new orders reached a record $158.2 million, resulting in a book-to-bill ratio of 1.1x. The company also raised its full-year fiscal 2026 guidance.

Thermon delivered exceptional second quarter fiscal 2026 results, with revenue increasing by 14.9% to $131.7 million and Adjusted EBITDA rising by 28.6% to $30.6 million. The company's gross margin expanded to 46.4%, and diluted EPS grew by 60.7% to $0.45. This strong performance led to a raised full-year guidance, reflecting effective strategy, business model resilience, and operational execution.

Thermon Group Holdings, Inc. reported a revenue of $108.9 million for Q1 2026, a 5.4% decrease year-over-year, primarily due to reduced customer demand and delayed backlog conversion. Despite the revenue decline, the company achieved a net income of $8.6 million, a 1.2% increase, and an improved gross margin of 44.1%. Adjusted EBITDA decreased by 8.6% to $21.2 million. The company's backlog grew significantly by 27.1% to $252.2 million, and it maintained a strong net leverage ratio of 1.0x.

Thermon achieved record revenue and Adjusted EBITDA in fiscal 2025, driven by strong fourth-quarter results with increased revenue, gross profit, and net income. The company saw significant order momentum and ended the year with a higher backlog, positioning it well for fiscal 2026 despite macroeconomic uncertainties.

Thermon's Q3 2025 saw a slight decrease in revenue but an increase in gross profit and net income. The company's strategic focus on diverse end markets and recurring revenue streams drove adjusted EBITDA growth. They also saw an increase in new orders and maintained a strong backlog.

Thermon reported second quarter fiscal year 2025 results with a revenue of $114.6 million and net income of $9.5 million, or $0.28 earnings per diluted share (EPS). The company's new orders increased by 12.6% to $131.1 million, resulting in a book-to-bill ratio of 1.14x. The company is lowering its 2025 revenue guidance to a range of $495 million to $515 million, but expects 2025 Adjusted EBITDA in a range of $105 million to $110 million and Adjusted EPS in a range of $1.77 to $1.89.

Thermon reported a 7.7% increase in revenue to $115.1 million and an adjusted EBITDA increase of 5.0% to $23.2 million. The company benefited from its diversified end markets and the acquisition of Vapor Power, while also focusing on operational excellence and disciplined capital allocation.

Thermon reported a 4% increase in revenue to $127.7 million for Q4 2024, driven by growth in diversified end markets and decarbonization projects. GAAP EPS increased by 26% to $0.29, while adjusted EPS decreased by 17% to $0.34. Net income increased by 31% to $10.1 million, and gross profit increased by 2% to $52.4 million.

Thermon reported a strong Q3 2024 with a 12% increase in revenue to $136.4 million and an 88% increase in net income to $15.8 million. EPS increased by 86% to $0.46, and non-GAAP adjusted EPS increased by 13% to $0.59. The company closed the acquisition of Vapor Power and raised its full-year Fiscal 2024 revenue and EPS guidance.

Thermon reported record revenue of $123.7 million, a 23% increase year-over-year. Net income increased by 34% to $14.7 million, and adjusted EPS rose by 30% to $0.49. The company has raised its full year Fiscal 2024 revenue and EPS guidance.

Thermon reported a strong start to fiscal year 2024 with record revenue of $106.9 million, a 12% increase year-over-year, driven by growth in North America and Asia Pacific. The company's GAAP EPS increased by 65% to $0.32, and non-GAAP adjusted EPS grew by 60% to $0.40. Net income rose by 67% to $10.9 million, and Adjusted EBITDA increased by 33% to $22.1 million, supported by volume growth and cost management. The company also noted a book-to-bill ratio of 1.12x, indicating resilient end markets.

Thermon reported a strong fourth quarter in fiscal year 2023, marked by record revenue of $122.5 million, a 19% increase year-over-year, driven by growth across all regions. The company's adjusted EPS increased by 33% to $0.41, and adjusted EBITDA rose by 37% to $25.1 million.

Thermon reported a strong Q3 2023 with revenue up 21% driven by sales growth in the US, Canada and Latin America. Record non-GAAP adjusted EPS increased by 41% due to margin improvement and cost control. The company raised its full year guidance due to continued strong market demand.

Thermon reported a strong second quarter with a 24% increase in revenue and a significant improvement in profitability. The company's performance was driven by robust customer demand in the Western Hemisphere, while Europe faced challenges due to geopolitical events and higher energy costs. Thermon is raising its fiscal year 2023 revenue and earnings guidance due to continued strong market demand.

Thermon reported a strong start to fiscal year 2023 with record Q1 revenue up 34%, net income up $6.9 million, and adjusted EBITDA growth of 106% compared to Q1 2022. The company also completed the acquisition of Powerblanket and revised its fiscal year 2023 revenue and earnings guidance upwards.

Thermon's Q4 2022 saw a 40% increase in revenue, driven by strength in North America. Orders were up 42%, resulting in a book-to-bill ratio of 1.20x. The company's net income significantly improved, and adjusted EBITDA increased substantially.

Thermon reported a strong Q3 2022 with revenue growth of 26% and net income up 82%. The company raised its full-year Fiscal 2022 revenue guidance to $342-$350 million. Orders were up 31% and the book-to-bill ratio was 1.02x, excluding a large, one-time contract.

Thermon reported a strong second quarter with revenue growth of 22% driven by accelerating global economic recovery. Orders were up 59%, including a large, one-time North American contract. The company is raising full-year Fiscal 2022 revenue guidance to $330-$345 million due to backlog strength and incoming order rate trends.

Thermon reported a strong start to Fiscal 2022, with revenue growth of 25% driven by improving end markets. Orders were up 19% year over year, and the book-to-bill ratio was 1.02x. The company received its first order for the industry-leading Genesis Network technology and continued to realize cost savings, with trailing 12-month SG&A down 22%.

Thermon reported a decrease in revenue for Q4 2021, but cost-saving measures and debt reduction efforts were highlighted. The company is focusing on diversifying end markets and expanding in developing economies.

Thermon reported Q3 2021 revenue of $79.6 million, income from operations of $10.2 million, and net income of $6.2 million. The company's adjusted EPS was $0.30, and adjusted EBITDA was $18.5 million, representing 23.3% of revenue. They also completed additional debt repayment of $5.6 million.

Thermon reported a decrease in revenue and earnings for Q2 2021 compared to Q2 2020, but backlog increased. The company is focused on executing its strategic plans and generating cash.

Thermon reported a decrease in revenue and earnings per share for the first quarter of fiscal year 2021, with revenue at $56.8 million and a GAAP loss per share of $(0.18). The company focused on cost reduction and cash management amidst challenging market conditions.

Thermon Group Holdings reported a decrease in revenue and earnings for Q4 2020. Revenue decreased by 23% to $88.4 million, and GAAP EPS decreased by 145% to $(0.09) per share. The company is taking proactive actions to reduce costs and enhance liquidity in response to lower demand.

Thermon reported Q3 2020 results with a decrease in revenue by 16% to $100.5 million compared to Q3 2019. GAAP EPS decreased to $0.20 from $0.29, and adjusted EPS decreased to $0.28 from $0.40. The company generated $19.9 million in free cash flow and expects fiscal year 2020 revenues to be in the range of $383-390 million.