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1 month ago
Thermon Reports Third Quarter Fiscal 2026 Results
Delivering Record Revenue, Profitability and Bookings Raising Full-Year Fiscal 2026 Guidance AUSTIN, TX / ACCESS Newswire / February 5, 2026 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a diversified industrial technology company and a global leader in industrial process heating solutions, today announced consolidated results for the third quarter ("Q3 2026") of the fiscal year ending March 31, 2026 ("Fiscal 2026"). THIRD QUARTER 2026 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Revenue of $147.3 million, +9.6% Gross profit of $68.7 million, +10.5%; Gross Margin of 46.6% Net income of $18.3 million, (1.1)%, or $0.55 earnings per diluted share (EPS) Adjusted Net Income (non-GAAP) of $21.9 million, +15.3%, or $0.66 Adjusted EPS (non-GAAP) Adjusted EBITDA (non-GAAP) of $35.6 million, +11.9%; Adjusted EBITDA margin (non-GAAP) of 24.2% New orders of $158.2 million, +14.1%; book-to-bill ratio of 1.1x Net Leverage ratio of 0.8x MANAGEMENT COMMENTARY "Thermon delivered a record third quarter, achieving the highest revenue, profitability, and bookings in our company's history-an exceptional milestone that reflects both strong end‑market demand and outstanding execution across our global organization," stated Bruce Thames, President and CEO of Thermon.