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.
Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. But they are at the whim of volatile macroeconomic factors that influence capital spending (like interest rates), and the market seems convinced that demand will slow.
Due to this bearish outlook, the industry has tumbled by 7.5% over the past six months. This drawdown was disheartening since the S&P 500 held steady.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how electrical systems stocks fared in Q4, starting with Thermon (NYSE:THR).
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Powell (NASDAQ:POWL) and the best and worst performers in the electrical systems industry.
Value investing has created more billionaires than any other strategy, like Warren Buffett, who built his fortune by purchasing wonderful businesses at reasonable prices.
But these hidden gems are few and far between - many stocks that appear cheap often stay that way because they face structural issues.
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 (NYSE:THR) 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.
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").
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. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the call by dialing 877-407-5976 from within the United States/Canada and +1 412-902-0031 from outside of the United States/Canada.
The instruments industry appears to be mired in unpredictable raw material prices, high capital expenditures for infrastructure upgrades, and market volatility. Amid this uncertainty, here are stocks in the space that may overcome these challenges.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at OSI Systems (NASDAQ:OSIS) and the best and worst performers in the electrical systems industry.
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.
Looking back on electrical systems stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Napco (NASDAQ:NSSC) and its peers.
Industrial process heating solutions provider Thermon (NYSE:THR) 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 (NYSE:THR) will be reporting earnings tomorrow before market open. Here’s what investors should know.
AUSTIN, TX / ACCESSWIRE / November 7, 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").
AUSTIN, TX / ACCESSWIRE / October 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the second quarter ended September 30, 2024, before the market opens on Thursday, November 7, 2024. 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. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the call by dialing (877) 407-5976 from within the United States/Canada and (412) 902-0031 from outside of the United States/Canada.
AUSTIN, TX / ACCESSWIRE / October 3, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced the acquisition of Fabbrica Apparecchiature Termoelettriche Industriali S.r.L. ("F.A.T.I."), a manufacturer of electric heaters for industrial applications, based in Milan, Italy.
AUSTIN, TX / ACCESSWIRE / September 25, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced two key additions to its senior leadership team. Jan L. Schott will join the Company as Senior Vice President and Chief Financial Officer, effective October 14, 2024, and Greg Lucas has been promoted to the role of Vice President and Chief Accounting Officer, effective as of the same date.
AUSTIN, TX / ACCESSWIRE / August 7, 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 first quarter ("Q1 2025") of the fiscal year ending March 31, 2025 ("Fiscal 2025").
AUSTIN, TX / ACCESSWIRE / July 31, 2024 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") will issue a press release reporting its consolidated financial results for the first quarter ended June 30, 2024, before the market opens on Wednesday, August 7, 2024. Following the earnings release, Bruce Thames, President and Chief Executive Officer, and Greg Lucas, Vice President, Corporate Controller, will host a conference call at 10:00 a.m. (Central Time), which will be simultaneously webcast on Thermon's investor relations website (http://ir.thermon.com). Investment community professionals interested in participating in the question-and-answer session may access the call by dialing (877) 407-5976 from within the United States/Canada and (412) 902-0031 from outside of the United States/Canada.
