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THR - Thermon Group reports Q1 beat; raises FY19 revenue guidance; shares up 3%
Thermon Group Holdings Inc.
Thermon Group (THR+3.6%) reports Q1 with EPS and revenue beats.
Total orders were $73.8M vs. $55.1M in Q118.
Total backlog was $144.1M vs. $110.2M.
Adjusted EBITDA was $17.94M vs. $7.03M, an increase of 155%.
Outlook: The company anticipate total revenue for the combined business will increase to an estimated range of $371.0-$384.0M (Prior $360-$370M) for FY19 vs. a consensus of $370.04M.