Thu, May 22, 4:58 PM (27 days ago)
### Summary of Thermon Group Holdings, Inc. (THR) **Financial Performance:** - **Revenue:** $498.2 million (fiscal 2025) - **Net Income:** $53.5 million (fiscal 2025) - **Earnings per Share (EPS):** $1.59 (basic) and $1.57 (diluted) - **Operating Expenses:** $129.3 million (SG&A) - **Gross Profit Margin:** 44.7% (fiscal 2025) **Strategic Overview:** - **Acquisitions:** Recent acquisitions include F.A.T.I. and Vapor Power, enhancing global production capabilities and market position. - **Market Position:** Leading provider of industrial process heating solutions, serving diverse markets including general industrial, chemical, oil, gas, power generation, and more. - **Product Offerings:** Comprehensive suite of products including heating units, cables, tubing bundles, control systems, and software solutions. **Future Outlook:** - **Growth Strategy:** Focus on strategic acquisitions, diversification, and digitization. - **Market Trends:** Increasing demand for electrification and decarbonization technologies. - **Financial Condition:** Strong liquidity with $39.5 million in cash and cash equivalents, and available borrowing capacity under revolving credit facilities. **Risk Factors:** - **Market Risks:** Volatility in currency exchange rates, commodity prices, and economic conditions. - **Operational Risks:** Dependence on subcontractors, supply chain disruptions, and regulatory compliance. - **Financial Risks:** Dependence on debt financing, interest rate fluctuations, and credit risks. **Market Position Changes:** - **Competitive Landscape:** Competitors include Chemelex, NIBE, Watlow, and Spirax Group. - **Market Share:** Second largest participant in the industrial electric heat tracing market. **Financial Condition:** - **Debt:** $138.4 million in outstanding principal on term loan facilities. - **Cash Flow:** Positive free cash flow of $52.9 million (fiscal 2025). - **Liquidity:** Adequate liquidity to meet short-term and long-term obligations. **Note:** Amounts are usually in thousands.