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Mar 31, 2021
Thermon Q4 2021 Earnings Report
Thermon's Q4 2021 financial results were announced, showing a decrease in revenue but strategic actions taken to decrease costs and reduce debt.
Key Takeaways
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.
Revenue decreased by 17% to $73.3 million compared to Q4 2020.
Gross margin was 37.1%, compared to 40.3% in Q4 2020.
GAAP EPS was $(0.02), and Non-GAAP Adjusted EPS was $0.03.
Backlog increased by 8% year-over-year to $114 million.
Thermon
Thermon
Forward Guidance
For the fiscal year ending March 31, 2022, Thermon expects revenue to be approximately $278-295 million and will continue to prioritize capital allocation towards optional debt repayments.