Thermon Group Holdings (THR) Tops Q2 EPS by 17c; Guides Above the Street

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Thermon Reports Second Quarter Fiscal 2023 Results

November 3, 2022 6:46 AM EDT

Revenue Up 24% with EPS Up $0.32; Raising Full Year Guidance

AUSTIN, TX / ACCESSWIRE / November 3, 2022 / Thermon Group Holdings, Inc. (NYSE: THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the second quarter ("Q2 2023") for the fiscal year ending March 31, 2023 ("Fiscal 2023"). Key highlights for Q2 2023 as compared to the three months ended September 30, 2021 ("Q2 2022") include:

Produced revenue of $100.6 million, an increase24%, driven by sales growth in the US, Canada and Latin AmericaAchieved a gross margin of 45.7%, as compared to 39.0%, due to higher volume,... More