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Stock impact report

Thermon Reports Third Quarter Fiscal 2021 Results

Thermon Group Holdings, Inc. (THR) 
Last thermon group holdings, inc. earnings: 2/6 07:55 am Check Earnings Report
US:NYSE Investor Relations: ir.thermon.com/investor-relations
Company Research Source: Accesswire
AUSTIN, TX / ACCESSWIRE / February 4, 2021 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon"), a global leader in industrial process heating solutions, today announced consolidated financial results for the third quarter ("Q3 2021") of the fiscal year ending March 31, 2021 ("Fiscal 2021"). Key highlights for Q3 2021 include:Revenue of $79.6 millionIncome from Operations of $10.2 million and Net Income of $6.2 millionFully diluted GAAP earnings per share ("EPS") of $0.18Non-GAAP Adjusted EPS of $0.30Non-GAAP Adjusted EBITDA of $18.5 million, or 23.3% of revenueGenerated cash provided by operating activities of $2.9 millionCompleted additional debt repayment of $5.6 million"I am pleased with the solid execution by our team in an uncertain environment, delivering a strong quarter of profit and positive cash flow. We have seen accelerating interest in our industry leading Genesis Network mesh control and monitoring technology since its launch last quarter, and we continue to invest in Show less Read more
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