Thermon Group Holdings' stock soared 5.04% during intraday trading on Thursday, following the release of its fiscal third-quarter 2026 results.
The industrial process heating company reported adjusted earnings per share of $0.66, beating the analyst consensus estimate of $0.59 and representing a 17.86% increase year-over-year. Revenue reached $147.3 million, also surpassing estimates of $138.35 million and marking a 9.6% increase from the same period last year. The company highlighted record revenue, profitability, and bookings, driven by strong end-market demand and momentum in large projects.
Furthermore, Thermon raised its full-year fiscal 2026 guidance, now expecting adjusted EPS in the range of $2.05 to $2.19 and revenue between $516 million and $526 million. This upward revision, coupled with the earnings beat, fueled positive investor sentiment and the significant share price appreciation.
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