Thermon Group Holdings (THR) Tops Q3 EPS by 5c, Beats on Revenues; Offers FY18 Revenues Guidance Above Consensus

Thermon Group Holdings (NYSE: THR) reported Q3 EPS of $0.24, $0.05 better than the analyst estimate of $0.19. Revenue for the quarter came in at $92.7 million versus the consensus estimate of $80.48 million.

• Revenue of $92.7 million, 44% increase
• Backlog of $167.7 million vs. $105.0 million, 60% growth
• Orders of $105.3 million, 26% increase
• Gross margin of 45.6% vs. 44.5%
• Fully diluted GAAP EPS $0.02 compared to $0.16 and Adjusted EPS of $0.24 compared to $0.16

GUIDANCE:

Thermon Group Holdings sees FY2018 revenue of $296-304 million, versus the consensus of $288.76 million.

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

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