Thermon Group Holdings (THR) Misses Q3 EPS by 7c

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Go back to Thermon Group Holdings (THR) Misses Q3 EPS by 7c

Thermon Reports Third Quarter Results

February 3, 2016 7:58 AM EST

SAN MARCOS, TX -- (Marketwired) -- 02/03/16 -- Thermon Group Holdings, Inc. (NYSE: THR) ("Thermon" or the "Company") today announced consolidated financial results for the third quarter of the fiscal year ending March 31, 2016 ("Q3 2016").

Financial summary for the quarter:

Revenue of $74.4 million, a decrease of 15% compared to Q3 2015 Fully diluted GAAP EPS of $0.26 and Adjusted EPS of $0.25 Adjusted EBITDA was 25% of revenue for Q3 2016 and 24% year to date Gross margin percentage of 47% compared to 52% in Q3 2015 Foreign currency translation negatively impacted revenue in Q3 2016 by $5.3... More