Thermon Group Holdings Inc is a global leader in heating and freeze protection solutions, specializing in the design and manufacture of industrial, commercial, and residential heating systems
The company offers a wide range of products, including electric heat tracing systems, insulation solutions, and temperature maintenance services, which are essential for maintaining optimal temperatures in various applications, such as oil and gas, chemical processing, and power generation. By providing innovative and reliable technologies, Thermon ensures that its clients can efficiently manage temperature-sensitive processes while enhancing safety and energy efficiency.
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Sales fell 1.5% in the third quarter to $134.4 million compared to a Wall Street estimate of $138.91 million. The decline was driven by continued headwinds in large project revenue, which fell 45% compared to last year.
Industrial process heating solutions provider Thermon (NYSETHR) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 1.5% year on year to $134.4 million. On the other hand, the company’s full-year revenue guidance of $505 million at the midpoint came in 0.9% above analysts’ estimates. Its non-GAAP profit of $0.56 per share was in line with analysts’ consensus estimates.
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Thermon has been treading water for the past six months, recording a small loss of 0.6% while holding steady at $32. The stock also fell short of the S&P 500’s 14% gain during that period.
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Industrial process heating solutions provider Thermon (NYSETHR) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 7.3% year on year to $114.6 million. The company’s full-year revenue guidance of $502.5 million at the midpoint came in 6.7% below analysts’ estimates. Its GAAP profit of $0.28 per share was in line with analysts’ consensus estimates.
Industrial process heating solutions provider Thermon (NYSETHR) will be reporting earnings tomorrow before market open. Here’s what investors should know.
Thermon Group reports Q4 revenue of $127.7M, beating consensus. Revenue driven by sales growth in diversified markets and decarbonization projects. Outlook for FY25 shows expected growth of 9% at midpoint.
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