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Dec 31, 2020
Thermon Q3 2021 Earnings Report
Reported solid Q3 2021 results with strong profit and positive cash flow.
Key Takeaways
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.
Revenue reached $79.6 million.
Income from Operations was $10.2 million and Net Income was $6.2 million.
GAAP EPS reached $0.18, while Non-GAAP Adjusted EPS was $0.30.
Adjusted EBITDA reached $18.5 million, which is 23.3% of revenue.
Thermon
Thermon
Forward Guidance
Thermon estimates revenue for the quarter ending March 31, 2021, will be approximately $69-76 million and will prioritize capital allocation towards additional debt reduction.