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Thermon Group Holdings inc   (THR)
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Price: $34.8800 $-0.80 -2.242%
Day's High: $35.84 Week Perf: -1.22 %
Day's Low: $ 34.88 30 Day Perf: 9.58 %
Volume (M): 335 52 Wk High: $ 35.93
Volume (M$): $ 11,671 52 Wk Avg: $28.97
Open: $35.72 52 Wk Low: $22.44



 Market Capitalization (Millions $) 1,193
 Shares Outstanding (Millions) 34
 Employees 991
 Revenues (TTM) (Millions $) 489
 Net Income (TTM) (Millions $) 49
 Cash Flow (TTM) (Millions $) 16
 Capital Exp. (TTM) (Millions $) 12

Thermon Group Holdings Inc

We are one of the largest providers of highly engineered thermal solutions for process industries. For 61 years, we have served a diverse base of thousands of customers around the world in attractive and growing markets, including energy, chemical processing and power generation. We are a global leader and one of the few thermal solutions providers with a global footprint and a full suite of products (heating cables, tubing bundles and control systems) and services (design optimization, engineering, installation and maintenance services) required to deliver comprehensive solutions to complex projects. We serve our customers locally through a global network of sales and service professionals and distributors in more than 30 countries and through our four manufacturing facilities on three continents. These global capabilities and longstanding relationships with some of the largest multinational energy, chemical processing, power and engineering, procurement and construction, or "EPC", companies in the world have enabled us to diversify our revenue streams and opportunistically access high growth markets worldwide.

Our thermal solutions, also referred to as heat tracing, provide an external heat source to pipes, vessels and instruments for the purposes of freeze protection, temperature and flow maintenance, environmental monitoring, and surface snow and ice melting. Customers typically purchase our products when constructing a new facility, which we refer to as Greenfield projects, or when performing maintenance, repair and operations on a facilitys existing heat-traced pipes or upgrading or expanding a current facility, which we refer to collectively as "MRO/UE". A large processing facility may require our thermal solutions for a majority of its pipes, with the largest facilities containing hundreds of thousands of feet of heat-tracing cable and thousands of control points. Our products are low in cost relative to the total cost of a typical processing facility, but critical to the safe and profitable operation of the facility. These facilities are often complex, with numerous classified areas that are inherently hazardous and where product safety concerns are paramount. We believe that our strong brand and established reputation for safety, reliability and customer service are critical contributors to our customers purchasing decisions.

Our customers need for MRO/UE solutions provides us with an attractive recurring revenue stream. Customers typically use the incumbent heat tracing provider for MRO/UE projects to avoid complications and compatibility problems associated with switching providers. We typically begin to realize meaningful MRO/UE revenue from new Greenfield installations one to three years after completion of the project as customers begin to remove and replace our products during routine and preventative maintenance on in-line mechanical equipment, such as pipes and valves. As a result, our growth has been driven by new facility construction, as well as by servicing our continually growing base of solutions installed around the world, which we refer to as our installed base.

The major end markets that drive demand for heat tracing include energy, chemical processing and power generation. We believe that there are attractive near-to medium-term trends in each of these end markets. In addition, we believe that the growth rate of the electric heat tracing market is accelerating as end-users continue to favor electric-based heat tracing solutions over steam-based heat tracing solutions for new installations.


Energy. Heat tracing is used to facilitate the processing, transportation and freeze protection of energy products in both upstream and downstream oil and gas applications. In order to meet growing demand and offset natural declines in existing oil and gas production, a significant increase in capital expenditures in upstream infrastructure will be required, with a particular focus on reservoirs that are in harsher climates, are deeper or have other complex characteristics that magnify the need for heat tracing. A&M estimated in 2012 that the oil and gas end market accounted for approximately 67% of the total market for electric heat tracing in 2012, or approximately $800 million.


Chemical Processing. Heat tracing is required for temperature maintenance and freeze protection in a variety of chemical processing applications. Factors that may impact heat tracing demand in chemicals end markets include the rapid industrialization of the developing world, a shift in base chemical processing operations to low-cost feedstock regions, a transition of Western chemical processing activities from commodity products to specialty products and environmental compliance.


Power Generation. Heat tracing is required in high-temperature processes, freeze protection and environmental regulation compliance in coal and gas facilities and for safety injection systems in nuclear facilities. An important driver of demand for heat tracing solutions for power generation is increasing demand for electricity worldwide.


Continuing selection of electric-based heat tracing solutions over steam-based solutions. Beginning in the 1960s, electric heat tracing products entered the market as an alternative to steam heat tracing products. While steam-based products are still used today for heavy oil, chemical and processing applications, electric-based products generally offer greater cost savings and operating efficiencies. As a consequence, Greenfield projects commissioned in recent years are increasingly designed to incorporate electric heat tracing.



   Company Address: 7171 Southwest Parkway Austin 78735 TX
   Company Phone Number: 690-0600   Stock Exchange / Ticker: NYSE THR
   


   

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Thermon Group Holdings Inc

Thermon Group Holdings Inc: Achieving Remarkable Revenue Growth Amidst a Challenging Quarter

In a remarkable display of resilience and strength, Thermon Group Holdings Inc has emerged as a shining star in the stock market for the fiscal period ending December 31, 2023. With an impressive increase of 84% in income per share to $0.46, coupled with a revenue increment of 11.711% to $136.41 million, this company has set a new bar for success.
While many companies in the Industrial Machinery and Components industries were hit hard by receding orders and diminishing revenue, Thermon Group Holdings Inc continued to flourish in the third quarter of 2024. This speaks volumes about their steadfast determination and unwavering commitment to excellence.

Thermon Group Holdings Inc

Thermon Group Holdings Inc achieves extraordinary 22.774% revenue gain, indicating robust performance amidst industry downturn

Despite the impressive financial results announced by Thermon Group Holdings Inc for the fiscal interval closing September 30, 2023, there are several concerning signs that indicate a bearish future for the company.
Firstly, while Thermon Group Holdings Inc may have experienced a significant increase in revenue and profit per share for the period, it is important to consider the broader industry context. The Industrial Machinery and Components industries have been severely impacted by dwindling transactions and retracting top-line. This suggests that Thermon Group's positive results may be an outlier rather than a reflection of industry-wide growth.

Thermon Group Holdings Inc

Thermon Group Holdings Inc. Soars High with EP Strength: Double-Digit Revenue Growth Trumps Industrial Sector Peers

Over the past 5 days, Thermon Group Holdings Inc stock has experienced a decline of -0.61%. While this may be concerning to some investors, it is important to consider the company's year-to-date performance, which stands at an impressive 38.82%.
As of now, Thermon Group Holdings Inc stock is 4% short of its 52-week high. This suggests that there is still room for growth and potential for investors to see a return on their investment. It is worth noting that the company's stock performance should not be evaluated solely based on short-term fluctuations, but rather on a combination of factors including the company's financials and market conditions.

Thermon Group Holdings Inc

Thermon Group Holdings Inc Posts Impressive 19.4% Top-Line Growth with Profits Rising in Q1 2023

Thermon Group Holdings Inc, an Industrial Machinery and Components company, has reported a double-digit revenue elevation of 19.396% to $122.48 million in the fourth quarter of 2023 year on year. Although this led to a modest profit elevation of 1.05% to $0.23 per share, there was a decrease in earnings per share (EPS) from the preceding quarter by -9.36% from $0.25 per share. Despite this, the company showed improvement in net income. Net income of $7.701 million in the fourth quarter of 2023 increased by 2.98% from net earnings of $7.478 million reported in the fourth quarter of 2023 a year ago.
Thermon Group Holdings Inc shifted its focus on improving sales in the fourth quarter of 2023, which led to an operating earnings rise of 21.75% to $13.876 million. However, as a result, net margin eased to 6.29%. Examining further the business reports for the fiscal period 2023, the company announced revenue of $440.59 million and bottom-line of $33.67 million. Additionally, EPS soared by 66.67% to $1.00 per share from $0.60 in the previous fiscal period. Revenue also improved by 23.87% from $355.67 million a year ago.






 

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