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Stock impact report

Thermon Reports Fourth Quarter Fiscal 2024 Results [Yahoo! Finance]

Thermon Group Holdings, Inc. (THR) 
Last thermon group holdings, inc. earnings: 2/6 07:55 am Check Earnings Report
US:NYSE Investor Relations: ir.thermon.com/investor-relations
Company Research Source: Yahoo! Finance
Introducing Fiscal 2025 Revenue Guidance of $527 million - $553 million AUSTIN, TX / ACCESSWIRE / May 29, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the fourth quarter ("Q4 2024") of the fiscal year ended March 31, 2024 ("Fiscal 2024"). Key highlights for Q42024 as compared to the three months ended March 31, 2023 ("Q42023") include: Produced record revenue of $127.7 million, an increase of 4%, driven by sales growth across diversified end markets and decarbonization projects Realized fully diluted GAAP earnings per share ("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% Generated net income of $10.1 million, an increase of 31% and Adjusted EBITDA of $23.6 million, a decrease of 6%, driven by planned investment to support long-term strategy Achieved gross profit of $52.4 mil Show less Read more
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