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Mar 31, 2022
Thermon Q4 2022 Earnings Report
Thermon reported strong Q4 2022 results with revenue growth driven by North America and increased orders.
Key Takeaways
Thermon's Q4 2022 saw a 40% increase in revenue, driven by strength in North America. Orders were up 42%, resulting in a book-to-bill ratio of 1.20x. The company's net income significantly improved, and adjusted EBITDA increased substantially.
Revenue increased by 40% due to continued strength in North America.
Orders increased by 42% with a book-to-bill ratio of 1.20x, excluding a one-time contract.
Diverse end-markets accounted for 60% of revenue, growing 44% in Fiscal Year 2022.
Net income improved to $8.7 million, compared to a net loss in Q4 2021.
Thermon
Thermon
Forward Guidance
For the fiscal year ending March 31, 2023, Thermon expects revenue to be approximately $350-$380 million and GAAP EPS to be approximately $0.74-$0.89 per share.
Positive Outlook
- Revenue expected to be approximately $350-$380 million.
- GAAP EPS expected to be approximately $0.74-$0.89 per share.