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
“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.” – Management Commentary
How will this affect me?
As a shareholder or stakeholder in Thermon Group Holdings, Inc., the correction to the table “Fiscal 2025 Outlook” may have implications on your investment decisions and expectations for the company’s performance in the coming quarters. It is important to stay informed about the company’s financial results and strategic initiatives to make informed decisions about your investment in Thermon.
How will this affect the world?
Thermon Group Holdings, Inc. plays a significant role in providing industrial process heating solutions on a global scale. The company’s performance and strategic decisions can impact the industry as a whole, influencing trends in industrial heating technology and solutions. As Thermon continues to expand and innovate, its influence on the world of industrial heating could potentially shape the future of the industry.
Conclusion
In conclusion, the correction to the table “Fiscal 2025 Outlook” reflects Thermon Group Holdings, Inc.’s commitment to transparency and accuracy in reporting its financial results. As the company continues to execute its strategic initiatives and drive growth, stakeholders should closely monitor Thermon’s performance to gauge the impact on their investments and the broader industry landscape. Stay tuned for further updates on Thermon’s progress and achievements in the industrial heating solutions sector.
