Thermon Group Holdings (THR) Company Overview

Thermon Group (THR) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.59 per share a year ago.

AUSTIN, TX / ACCESS Newswire / February 6, 2025 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the third quarter ("Q3 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025"). THIRD QUARTER 2025 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Revenue of $134.4 million, (1.5)% Gross profit of $62.1 million, +8.2%; Gross Margin of 46.2% Net income of $18.5 million, +17.1%, or $0.54 earnings per diluted share (EPS) Adjusted Net Income (non-GAAP) of $19.0 million, -(5.5)%, or $0.56 Adjusted EPS (non-GAAP) Adjusted EBITDA (non-GAAP) of $31.8 million, +3.3%; Adjusted EBITDA margin (non-GAAP) of 23.7% New orders of $138.6 million, +11.4%; book-to-bill ratio of 1.03x Net Leverage ratio of 1.1x as of December 31, 2024 Confirming full-year 2025 guidance MANAGEMENT COMMENTARY "Thermon delivered growth in quarterly Adjusted EBITDA reflecting the benefits of our strategic decisions to prioritize diverse end markets and to focus on recurring revenue streams from customer spending on maintenance and repair," stated Bruce Thames, President and CEO of Thermon.

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has appointed Andrew Hume as managing director, bringing experience from Shell and TotalEnergies as the company enters the nascent natural hydrogen sector. He will be based in Perth, Western Australia, and will also sit on the group board.

AUSTIN, TX / ACCESS Newswire / January 30, 2025 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the third quarter ended December 31, 2024, before the market opens on Thursday, February 6, 2025. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Jan Schott, Senior Vice President and Chief Financial Officer, will host a conference call at 10:00 a.m.

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) executive chairman Alasdair Clayton said it continues to work on the acquisition of Go Exploration, which will take into the nascent South Australian natural hydrogen and helium exploration industry. “In addition to the excellent geological and geographical attributes of the Go portfolio, what makes this acquisition so compelling is the granted status of the large and highly prospective PEL 120 (RSEL 802) licence and the strategic licence applications associated with key infrastructure and where high hydrogen generation potential has already been interpreted,” he said  Thor has also completed a drill programme at its US uranium assets and further rationalised the portfolio.

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) said recent drilling at its Groundhog prospect in Colorado had extended the known mineralisation. Nine Reverse Circulation (RC) holes totalling 979m were drilled at the prospect, following up 2022 and 2023 programs, with new shallow, narrow high grades of uranium identified 100m to the north and 300m to the east.

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has appointed RISC Advisory, a Western Australian-based independent energy advisory firm. to carry out an independent assessment of natural hydrogen and helium resources on licence area PEL120 in South Australia.

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has announced key leadership changes, including the appointment of Lincoln Moore as non-executive director and Rowan Harland as company secretary. These appointments coincide with the retirement of non-exec Mark McGeough and Ray Ridge as company secretary and finance chief.

Thor Energy PLC (AIM:THR, OTCQB:THORF, ASX:THR) has received a cash boost, with total inflow of A$408,000 (£210,000) through a combination of a research and development tax incentive rebate and a partial licence sale of fluorite rights. It received A$208,000 (£107,000) of rebate, and saw A$200,000 (£103,000) from the sale of fluorite rights under the Molyhil joint venture.