NYSE$THR

Thermon Group Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported a strong start to Fiscal 2022 with growth in revenue and operating profit.

Thermon reported a strong start to Fiscal 2022, with revenue growth of 25% driven by improving end markets. Orders were up 19% year over year, and the book-to-bill ratio was 1.02x. The company received its first order for the industry-leading Genesis Network technology and continued to realize cost savings, with trailing 12-month SG&A down 22%.

  • Revenue increased by 25% due to improving end markets.
  • Orders increased by 19% year-over-year, with a book-to-bill ratio of 1.02x.
  • The first order for Genesis Network technology was received.
  • Trailing 12-month SG&A decreased by 22% due to continued cost savings.

Headline financials

Total Revenue

$71.2M

Previous: $56.8M+25.2%
EPS (adj)

$0.07

Previous: -$0.11+163.6%
Adjusted EBITDA

$9.72M

Previous: $1.38M+606.4%
Gross Margin

39.6%

Previous: 42.4%-6.6%
Backlog

$116M

Previous: $110M+5.4%
Capital Expenditures

-$873K

Previous: -$2.06M+57.6%
Free Cash Flow

-$6K

Previous: -$8.14M+99.9%
Net Income

$867K

Previous: -$6.09M+114.2%
Operating Income

$4.61M

Previous: -$6.76M+168.3%
Gross Profit

$28.2M

Previous: $24.1M+16.8%
Cash & Equivalents

$41.1M

Previous: $48.2M-14.9%
Total Assets

$625M

Previous: $620M+0.8%
Stock-Based Comp

$1.18M

Previous: $1.13M+4.0%

Revenue & EPS history

Thermon · Revenue · Quarterly

$71.2M

Q1 2022+25.2%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

Thermon is raising its full-year Fiscal 2022 revenue guidance to $293-308 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.3%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.7%

Avg return

30 days after

53%

34 / 64 earnings

Positive

+13.3%

Q2 2014

Best reaction

-24.9%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+3.1%+3.6%
Q3 2026+5.6%+8.8%-2.0%
Q2 2026+11.2%+22.2%+33.0%
Q1 2026-11.2%-8.9%-9.5%
Q4 2025-0.5%-6.9%-7.2%
Q3 2025-1.6%+12.9%+5.9%
Q2 2025-3.4%+0.1%+8.6%
Q1 2025-0.2%-3.4%-5.1%
Q4 2024-0.1%-7.7%-11.8%
Q3 2024-24.9%-21.9%-16.1%
Q2 2024+11.2%+14.7%+13.1%
Q1 2024-7.3%-5.3%-0.2%
Q4 2023+1.2%+0.3%+11.2%
Q3 2023+3.7%+13.6%+18.8%
Q2 2023+3.2%+8.4%+17.8%
Q1 2023+4.3%+7.0%+8.7%
Q4 2022+2.5%+1.5%-5.4%
Q3 2022+2.0%+3.3%-0.3%
Q2 2022+0.8%-1.2%-9.3%
Q1 2022+3.8%+2.7%-4.0%
Q4 2021-10.7%-9.0%-6.6%
Q3 2021+1.8%+7.2%+35.8%
Q2 2021+5.7%+25.4%+55.5%
Q1 2021-2.4%+0.4%-11.4%
Q4 2020-11.2%+5.1%-11.5%
Q3 2020-14.7%-13.3%-25.8%
Q2 2020+8.5%+7.5%+4.5%
Q1 2020-7.0%-5.1%-7.3%
Q4 2019+5.9%+7.6%+15.3%
Q3 2019+2.6%+3.3%+13.0%
Q2 2019-0.4%-4.9%-3.4%
Q1 2019+3.4%-0.2%+6.9%
Q4 2018-8.7%-4.8%-3.0%
Q3 2018+3.0%+3.0%+9.3%
Q2 2018+4.4%+3.4%+2.7%
Q1 2018-3.3%-3.3%-7.2%
Q4 2017-13.2%-13.5%-10.1%
Q3 2017-0.5%+1.4%-3.3%
Q2 2017-0.5%+2.0%+6.2%
Q1 2017-5.4%-1.5%-2.5%
Q4 2016+10.7%+9.5%+4.5%
Q3 2016-2.3%
Q2 2016-7.7%
Q1 2016-3.6%
Q4 2015-1.9%
Q3 2015+7.6%
Q2 2015+10.7%
Q1 2015+9.1%
Q4 2014+1.0%
Q3 2014-5.4%
Q2 2014+13.3%
Q1 2014+0.2%
Q1 2011-0.9%
Q4 2013-5.1%
Q3 2013-6.3%
Q2 2013-6.3%
Q1 2013+1.6%
Q4 2012+0.0%
Q3 2011+1.3%
Q3 2012+1.3%
Q2 2011+0.3%
Q2 2012+0.3%
Q4 2011+1.8%
Q1 2012+1.8%
Q4 2010

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro