Thermon Reports First Quarter Fiscal 2025 Results
AUSTIN, TX / ACCESSWIRE / August 7, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the first quarter ("Q1 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025"). FIRST QUARTER 2025 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Revenue $115.1 million, +7.7% Gross profit of $50.4 million, +6.6%; Gross Margin of 43.8% Net Income of $8.5 million, -22.0%, or $0.25 earnings per diluted share; Adjusted Net Income of $13.1 million, or $0.38 Adjusted earnings per diluted share Adjusted EBITDA of $23.2 million, +5.0%; Adjusted EBITDA margin of 20.2% New orders of $127.2 million, +11.5%; book-to-bill ratio of 1.1x Net Leverage ratio of 1.1x as of June 30, 2024 Reiterate full-year Fiscal 2025 financial guidance MANAGEMENT COMMENTARY "I am extremely proud of our strong execution during the first quarter, highlighted by favorable momentum in our diversified end markets, the successful integration and positive contribution from our Vapor Power acquisition, and disciplined financial management leading to solid free cash flow conversion," stated Bruce Thames, President and CEO of Thermon.
Thermon Schedules First Quarter Fiscal 2025 Earnings Conference Call - August 7, 2024
AUSTIN, TX / ACCESSWIRE / July 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the first quarter ended June 30, 2024, before the market opens on Wednesday, August 7, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Greg Lucas, Vice President, Corporate Controller, will host a conference call at 10:00 a.m.
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After Plunging -18.3% in 4 Weeks, Here's Why the Trend Might Reverse for Thermon Group (THR)
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Thermon Group's (THR) Q4 Earnings Beat, Revenues Rise Y/Y
Thermon Group (THR) posts healthy fiscal fourth quarter performance driven by decarbonization initiatives and strong sales across diversified end markets.
Thermon Group Holdings Inc (THR) Q4 2024 Earnings Call Transcript
Thermon Group Holdings Inc (NYSE:THR ) Q4 2024 Results Conference Call May 29, 2024 11:00 AM ET Company Participants Ivonne Salem - Vice President of FP&A and Investor Relations Bruce Thames - President, CEO & Director Greg Lucas - CFO Conference Call Participants Justin Ages - CJS Securities Chip Moore - ROTH MKM Brian Drab - William Blair Operator Good morning, and welcome to the Thermon Group Holdings Fourth Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.
Thermon Group (THR) Beats Q4 Earnings and Revenue Estimates
Thermon Group (THR) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.41 per share a year ago.
Thor Energy's Molyhil project given upgraded Mineral Resource Estimate
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has announced an updated Mineral Resource Estimate (MRE) for the Molyhil Tungsten-Molybdenum-Copper Deposit in the Northern Territory, Australia. The update was completed by ASX-listed Investigator Resources Limited (IVR), which is farming into the Molyhil Project.
Thor Energy adds Timothy Armstrong to board
Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) announced the appointment of Timothy Armstrong as a non-executive director with immediate effect. Armstrong is an institutional advisor at Prenzler Group, a Sydney-based boutique broker and advisory firm, and he previously worked in financial PR in Australia and London.
