Thermon Group HoldingsNYSE: THR

Thermon Group Holdings Inc. (NYSE:THR ) Q2 2025 Earnings Call Transcript November 7, 2024 11:00 AM ET Company Participants Ivonne Salem - Vice President of FP&A and Investor Relations Bruce Thames - President, Chief Executive Officer and Director Jan Schott - Chief Financial Officer Conference Call Participants Justin Ages - CJS Securities Brian Drab - William Blair Jon Braatz - Oppenheimer Operator Greetings and welcome to Thermon Group Holdings Inc.'s Earnings Call for the Second Quarter 2025. At this time, all participants are on a listen-only mode.

Correction to table "FISCAL 2025 OUTLOOK" AUSTIN, TX / ACCESSWIRE / November 8, 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 second quarter ("Q2 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025"). SECOND QUARTER 2025 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Revenue of $114.6 million, (7.4)% Gross profit of $50.9 million, (6.5)%; Gross Margin of 44.4% Net Income of $9.5 million, (35.4)%, or $0.28 earnings per diluted share (EPS) Adjusted Net Income (non-GAAP) of $12.8 million, or $0.38 Adjusted EPS (non-GAAP) Adjusted EBITDA (non-GAAP) of $23.8 million, (14.1)%; Adjusted EBITDA margin (non-GAAP) of 20.8% New orders of $131.1 million, +12.6%; book-to-bill ratio of 1.14x Net Leverage ratio of 1.3x as of September 30, 2024 Updating full-year 2025 guidance MANAGEMENT COMMENTARY "Our second quarter results once again demonstrated the benefits of our disciplined execution against our key strategic pillars, highlighted by continued momentum in bookings during the quarter and the ability to strategically deploy capital in support of our growth initiatives, including our recent acquisition of F.A.T.I.

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has started a drilling programme at the Groundhog Prospect, on its 100% owned Wedding Bell project in the uranium-vanadium mining district of the Uravan Mineral Belt, southwest Colorado. Reverse Circulation (RC) drilling will be centred around high-grade uranium and vanadium mineralisation intercepted from previous drilling with extension holes up to 300m to the north and east.

Alastair Clayton, executive chairman of Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR), explains the rationale behind its move into hydrogen and helium Proactive: Thor is acquiring an 80.2% stake in Go Exploration and this is in hydrogen and helium in South Australia. What did you like about this company and the reason why you wanted to do this deal?

The increasing adoption of industrial automation, focus on higher energy efficiency and optimum resource utilization should drive the Zacks Instruments ??? Control industry.

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has firmed up its proposed acquisition of 80.2% Australia-based natural (white) hydrogen and helium explorer Go Exploration into a binding agreement. The consideration will be met by the issue of 466 million shares with a six-month voluntary lock-in on 70% of these shares.

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has raised £1 million and announced a move into helium and hydrogen exploration through the potential acquisition of an 80% stake in Australian group Go Exploration. GoX is an explorer looking for naturally occurring or white hydrogen and helium in South Australia through a portfolio of licences.

Thermon Group Holdings, Inc. THR has acquired Italy-based Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. ("F.A.T.I.

Thermon Group Holdings, Inc.'s shares have come down to $28, presenting a compelling valuation at 14 times forward earnings, with leverage down to 1.2 times EBITDA. Despite softer organic performance and risks to full-year guidance, long-term ambitions and recent acquisitions support a modest investment position. The company provides industrial heating solutions, yet has diversified quite a bit away from oil and gas, aiming for $600-$700 million in sales by 2026.