THR - Thermon Group Touts Revenue Rise In Q4 Amid Market Challenges Sets FY25 Goals | Benzinga
Thermon Group Holdings, Inc. (NYSE:THR) shares are trading lower after it reported a fourth-quarter FY24 revenue increase of 4% Y/Y to $127.7 million, beating the consensus of $126.66 million.
Revenue was driven by sales growth across diversified end markets and decarbonization projects.
Thermon delivered bookings of $117.0 million, with 73% of orders in diversified end markets and a book-to-bill ratio of 0.92x.
The company achieved gross profit growth of 2% to $52.4 million, ...