Sector: Industrials | Industry: Electrical Components & Equipment |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 7171 Southwest Parkway Building 300, Suite 200 AUSTIN TX 78735 |
Tel: | N/A |
Website: | https://www.thermon.com |
IR: | See website |
Key People | ||
Bruce A. Thames President, Chief Executive Officer, Director | Greg Lucas Vice President, Corporate Controller, Principal Financial Officer and Principal Accounting Officer | Ryan Tarkington Senior Vice President, General Counsel, Corporate Secretary |
Thomas N. Cerovski Senior Vice President - Global Sales | David Buntin Senior Vice President - Thermon Heat Tracing and R&D | Roberto Kuahara Senior Vice President - Global Operations | Candace Harris-Peterson Vice President - Human Resources |
Business Overview |
Thermon Group Holdings, Inc. provides mission-critical industrial process heating solutions. The Company provides complete flow assurance, process heating, temperature maintenance, freeze protection and environmental monitoring solutions. The Company offers a full suite of products (heating units, heating cables, tubing bundles, heated blankets, and temporary power solutions), services (engineering, installation and maintenance services) and software (design optimization and wireless and network control systems). The Company operates through four segments: the United States and Latin America (USLAM), Canada, Europe, the Middle East and Africa (EMEA), and Asia-Pacific (APAC). It offers turnkey heat tracing solutions for maintaining pipe, vessel, and foundation temperatures in industrial and hazardous locations as well as in commercial applications. The Company also offers electric resistance, electrode and super critical coil tube boilers and steam generators. |
Financial Overview |
For the nine months ended 31 December 2023, Thermon Group Holdings Inc revenues increased 15% to $367M. Net income increased 60% to $41.5M. Revenues reflect United States and Latin America segment increase of 24% to $190M, Europe, Middle East and Africa segment increase of 15% to $35.6M, Asia-Pacific segment increase of 18% to $28.8M. Net income benefited from Europe, Middle East and Africa segment income totaling $3.2M vs. loss of $7.5M. |
Employees: | 1,405 as of Mar 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,161M as of Dec 31, 2023 |
Annual revenue (TTM): | $489.46M as of Dec 31, 2023 |
EBITDA (TTM): | $98.14M as of Dec 31, 2023 |
Net annual income (TTM): | $49.21M as of Dec 31, 2023 |
Free cash flow (TTM): | $43.38M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $157.00M as of Dec 31, 2023 |
Shares outstanding: | 33,714,736 as of Jan 31, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |