Thermon Announces Acquisition of Industrial Process Insulators, Inc.
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Thermon Group Holdings (THR) Misses Q1 EPS by 6c; Acquires Process Insulators
August 5, 2015 8:05 AM EDTThermon Group Holdings (NYSE: THR) reported Q1 EPS of $0.18, $0.06 worse than the analyst estimate of $0.24. Revenue for the quarter came in at $65.2 million versus the consensus estimate of $68.91 million.
Thermon also announced that a wholly-owned, indirect subsidiary of Thermon has acquired 100% of the equity interests of Industrial Process Insulators, Inc. ("IPI"), effective July 31, 2015 (the "Transaction").
IPI is an insulation contractor serving the refining, petrochemical, power and energy, marine, and pulp and paper industries in the United States, with a significant presence in the Texas and Louisiana Gulf Coast region. For the unaudited twelve... More
