Thermon Group Holdings Inc (N:THR)

Business Focus: Heating, Ventilation & Air Conditioning Systems

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
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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

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