Loading...
•
Jun 30, 2024
Thermon Q1 2025 Earnings Report
Thermon's financial performance was marked by revenue growth and strategic progress.
Key Takeaways
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.
Revenue increased by 7.7% to $115.1 million, driven by Vapor Power acquisition and growth in OPEX revenue.
Adjusted EBITDA increased by 5.0% to $23.2 million, supported by contributions from Vapor Power.
New orders increased by 11.5% to $127.2 million, resulting in a book-to-bill ratio of 1.1x.
Free cash flow was $8.8 million, an improvement of $10.7 million year-over-year, due to disciplined capital efficiency.
Revenue by Segment
Forward Guidance
Thermon reiterated its full-year Fiscal 2025 financial guidance, expecting improved momentum in the second half of the fiscal year.
Positive Outlook
- Expect improved momentum in the second half of the fiscal year.
- Benefit from balanced revenue model.
- Continue to build market-leading positions across legacy and growth-centric end-markets.
- Realize improved operational efficiencies.
- Realize benefits of scale.
Challenges Ahead
- Customer spending on large projects remains uneven over the near-term.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...