Published on 29 Jan 2024 on GuruFocus.com via Yahoo Finance
Thermon Group Holdings Inc (THR) Reports Strong Earnings Growth in Q3 Fiscal 2024
Revenue: Achieved a record $136.4 million, marking a 12% increase year-over-year.Net Income: Surged by 88% to $15.8 million compared to the same quarter last year.Earnings Per Share (EPS): GAAP EPS rose to $0.46, an 86% increase, with non-GAAP adjusted EPS at $0.59, up by 13%.Gross Margin: Improved to 42.1%, an 80 basis point expansion from the previous year.Adjusted EBITDA: Grew modestly by 3% to $30.7 million.Free Cash Flow: Increased by 25.9% to $22.1 million.Guidance: Raised FY 2024 revenue and EPS guidance, signaling confidence in continued growth.
Warning! GuruFocus has detected 4 Warning Sign with THR.
On February 1, 2024, Thermon Group Holdings Inc (NYSE:THR) released its 8-K filing, detailing a robust fiscal performance for the third quarter of fiscal year 2024. The company, a global leader in engineered thermal solutions for process industries, reported record revenue and earnings, underpinned by strong sales growth in key regions and markets.