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Mar 31, 2020
Thermon Q4 2020 Earnings Report
Reported a decrease in revenue and earnings per share compared to the same quarter last year.
Key Takeaways
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.
Revenue decreased by 23% to $88.4 million compared to Q4 2019.
GAAP EPS decreased by 145% to $(0.09) per share compared to Q4 2019.
Net loss was $3.0 million, a decrease of 144% compared to net income of $6.8 million in Q4 2019.
Total orders decreased by 14% to $90.5 million compared to Q4 2019.
Thermon
Thermon
Forward Guidance
Thermon expects to continue to deliver industry leading innovation and technology while generating positive free cash flow during the next twelve months.
Positive Outlook
- Continue to operate and serve customers despite changes in the global economy.
- Proactively taken actions to reduce run-rate costs.
- Enhanced liquidity position.
- Ensure the continued strength of balance sheet.
- Deliver industry leading innovation and technology.