Stock Track | Thermon Group Soars 7.11% Pre-Market on Strong Q2 Earnings Beat and Raised Guidance

Stock Track11-06

Shares of Thermon Group Holdings (THR) surged 7.11% in pre-market trading following the company's impressive second-quarter fiscal 2026 results that significantly exceeded analyst expectations. The industrial heating solutions provider reported quarterly earnings of $0.55 per share, surpassing the consensus estimate of $0.36 by 51.93%, and marking a 44.74% increase from the same period last year.

Thermon's quarterly revenue also outperformed, reaching $131.7 million, a 14.87% year-over-year increase and 10.28% above the analyst consensus of $119.426 million. The company's strong performance was attributed to a recovery from tariff-related delays and improved large project activity. Gross profit and margins saw improvement through efficient execution, tariff mitigation, and pricing benefits, with adjusted EBITDA climbing to $30.6 million, up 28.6% from the previous year.

Looking ahead, Thermon raised its full-year 2026 guidance, reflecting confidence in its growth trajectory. The company now expects annual revenue between $506 million and $527 million, with adjusted EPS forecasted at $2.00 to $2.15. Management cited solid quoting activity and anticipates order activity to ramp up meaningfully in the coming quarters, driven by trends in reshoring and electrification that are boosting demand for Thermon's products and services.

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