Thermon Group Holdings reports Q4 revenue $148.3M, FY revenue $536.3M, adjusted EPS $2.15 (FY)

Thermon Group Holdings reported fourth-quarter fiscal 2026 revenue of $148.3 million and full-year revenue of $536.3 million for the year ended March 31, 2026. Q4 net income was $2.7 million ($0.08 GAAP EPS) and adjusted diluted EPS was $0.55; full-year net income was $44.6 million ($1.36 GAAP EPS) with adjusted diluted EPS of $2.15. The company reported adjusted EBITDA of $32.1 million for Q4 and $119.6 million for the full year and said a proposed transaction with CECO Environmental is on track to close in June 2026.Financial HighlightsQ4 revenue: $148.3 million, up 11% year-over-year; FY 2026 revenue: $536.3 million, up 8% year-over-year.Q4 gross profit: $65.3 million (gross margin 44.0%); FY gross profit: $243.1 million (gross margin 45.3%).Operating income (Income from operations) Q4: $10.8 million; FY income from operations: $70.7 million.Net income Q4: $2.7 million ($0.08 diluted EPS); FY net income: $44.6 million ($1.36 diluted EPS).Adjusted results (non-GAAP): Q4 adjusted diluted EPS $0.55 and adjusted EBITDA $32.1 million (21.6% margin); FY adjusted diluted EPS $2.15 and adjusted EBITDA $119.6 million (22.3% margin).Business HighlightsLarge project activity rebounded in Q4, contributing to revenue growth and a 35% increase in Over Time - Large Projects versus prior-year quarter.Order intake: Q4 new orders $143.5 million (book-to-bill 0.97x); FY new orders $550.8 million with a book-to-bill of 1.03x and backlog of $254.9 million as of March 31, 2026 (up 6% year-over-year).Bid pipeline expanded to nearly $1.8 billion (over 40% increase year-over-year), driven by demand in power, electrification, LNG, data centers and decarbonization projects.Strong commercial traction for liquid load bank solutions in the data center market: secured additional orders for 140 units in recent period, bringing total to 220 units since launch and a quote log exceeding $100 million.Balance sheet and liquidity: net leverage 0.7x as of March 31, 2026; cash and cash equivalents $52.3 million and total debt $141.6 million, with working capital increased to $202.5 million.Original SEC Filing: Thermon Group Holdings, Inc. [ THR ] - 8-K - May. 19, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.