Thermon Q4 2024 Earnings Report
Key Takeaways
Thermon reported a 4% increase in revenue to $127.7 million for Q4 2024, driven by growth in diversified end markets and decarbonization projects. GAAP EPS increased by 26% to $0.29, while adjusted EPS decreased by 17% to $0.34. Net income increased by 31% to $10.1 million, and gross profit increased by 2% to $52.4 million.
Record revenue of $127.7 million, an increase of 4%, driven by sales growth across diversified end markets and decarbonization projects.
GAAP EPS of $0.29, an increase of 26%, driven by higher volume and pricing, and non-GAAP Adjusted EPS of $0.34, a decline of 17%.
Net income of $10.1 million, an increase of 31%.
Gross profit of $52.4 million, an increase of 2%.
Thermon
Thermon
Thermon Revenue by Segment
Forward Guidance
Thermon anticipates revenue to be in the range of approximately $527 million to $553 million, representing year-over-year growth of 9% at the midpoint, and Adjusted EBITDA to be approximately $112 million to $120 million, representing 11% growth at the midpoint of the range. The company expects GAAP EPS to be approximately $1.57 to $1.73 and Adjusted EPS to be approximately $1.90 to $2.06.
Positive Outlook
- Revenue growth of 9% at the midpoint of the range.
- Adjusted EBITDA growth of 11% at the midpoint of the range.
- GAAP EPS to be approximately $1.57 to $1.73.
- Adjusted EPS to be approximately $1.90 to $2.06.
- Customers to remain cautious with respect to large capital projects under the current macroeconomic backdrop.
Revenue & Expenses
Visualization of income flow from segment revenue to net income