Thermon Group Holdings (THR) Misses Q3 EPS by 1c

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Thermon Reports Third Quarter Fiscal 2017 Results

February 8, 2017 8:00 AM EST

SAN MARCOS, TX -- (Marketwired) -- 02/08/17 -- Thermon Group Holdings, Inc. (NYSE: THR) (the "Company," "Thermon," "we" or "our") today announced consolidated financial results for the third quarter of the fiscal year ending March 31, 2017 ("Q3 2017").

Financial summary for Q3 2017 compared to the three months ended December 31, 2015 ("Q3 2016"):

Revenue of $64.3 million, a decrease of 14% Backlog of $105.0 million, an increase of 30% Orders of $83.7 million, an increase of 15%, were near record levels Fully diluted GAAP EPS of $0.16 and Adjusted EPS of $0.16 compared to $0.26 and $0.25, respectively, in Q3 2016

"Our business... More