Thermon Group Holdings Inc. reported record results for the third quarter (Q3) of fiscal year 2026, with revenue reaching USD 147.3 million, an increase of 9.6%. Gross profit for the period was USD 68.7 million, up 10.5%, with a gross margin of 46.6%. Net income attributable to shareholders was USD 18.3 million, representing a decrease of 1.1%, or USD 0.55 earnings per diluted share $(EPS)$. Adjusted net income (non-GAAP) was USD 21.9 million, up 15.3%, or USD 0.66 adjusted EPS (non-GAAP). Adjusted EBITDA (non-GAAP) for Q3 was USD 35.6 million, an increase of 11.9%, with an adjusted EBITDA margin (non-GAAP) of 24.2%. New orders for the quarter totaled USD 158.2 million, up 14.1%, resulting in a book-to-bill ratio of 1.1. The net leverage ratio stood at 0.8. Management highlighted that the company achieved its highest revenue, profitability, and bookings in its history, citing strong end-market demand, momentum in the large project business, effective pricing actions, and consistent customer spending as key drivers of performance. Thermon also raised its full-year fiscal 2026 guidance, with expected revenue in the range of USD 516 million to USD 526 million, adjusted EBITDA (non-GAAP) between USD 114 million and USD 120 million, EPS between USD 1.64 and USD 1.78, and adjusted EPS (non-GAAP) from USD 2.05 to USD 2.19.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Thermon Group Holdings Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1133827) on February 05, 2026, and is solely responsible for the information contained therein.
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