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Jun 30, 2021
Thermon Q1 2022 Earnings Report
Reported a strong start to Fiscal 2022 with growth in revenue and operating profit.
Key Takeaways
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%.
Revenue increased by 25% due to improving end markets.
Orders increased by 19% year-over-year, with a book-to-bill ratio of 1.02x.
The first order for Genesis Network technology was received.
Trailing 12-month SG&A decreased by 22% due to continued cost savings.
Forward Guidance
Thermon is raising its full-year Fiscal 2022 revenue guidance to $293-308 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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