Thermon Group Holdings (THR) Tops Q2 EPS by 4c

Thermon Group Holdings (NYSE: THR) reported Q2 EPS of $0.15, $0.04 better than the analyst estimate of $0.11. Revenue for the quarter came in at $61.6 million versus the consensus estimate of $64.96 million.

"We are pleased with our Q2 2018 operating results. While revenue was down from the prior year, orders during the quarter represented a 23% increase over Q2 2017 and backlog ended at a record level. Strong gross margins drove our bottom line results with net income of $4.8 million and fully diluted EPS of $0.15. We remain optimistic in our second half fiscal 2018 organic forecast and look forward to closing the previously announced acquisition of CCI Thermal Technologies, Inc. ('CCI') in the next few weeks,” said Bruce Thames, President and Chief Executive Officer.

For earnings history and earnings-related data on Thermon Group Holdings (THR) click here.

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