THR - Thermon Non-GAAP EPS of $0.38 revenue of $100.6M
- Thermon press release ( NYSE: THR ): Q2 Non-GAAP EPS of $0.38.
- Revenue of $100.6M (+23.7% Y/Y).
- Generated Net Income of $11.0 million, an increase of 2,203% and adjusted EBITDA of $21.9 million, an increase of 92%, driven by volume growth and prudent cost management
- Raising Fiscal 2023 revenue and earnings guidance due to continued strong market demand
- For our fiscal year ending March 31, 2023, Company expect revenue will be approximately $405-$420 million vs $391.16M Consensus
- Company also expect GAAP EPS in Fiscal 2023 to be approximately $1.08-$1.17 per share vs $1.14 Consensus.
- Adjusted EPS to be approximately $1.30-$1.39 per share.
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Thermon Non-GAAP EPS of $0.38, revenue of $100.6M