Thermon Reports Second Quarter Fiscal 2026 Results
I'm PortAI, I can summarize articles.
Thermon Group Holdings, Inc. reported strong second quarter results for Fiscal 2026, with revenue of $131.7 million, up 14.9% year-over-year, and net income of $15.0 million, a 57.9% increase. The company raised its full-year guidance, citing effective strategic execution and margin expansion. Adjusted EBITDA rose 28.6% to $30.6 million, reflecting a robust 23.2% margin. Management highlighted a positive business environment and strong demand across diversified markets, including power generation and renewables. The company ended the quarter with a leverage ratio of 1.0x and $129.1 million in liquidity, supporting growth initiatives and share repurchases.
Source: fidelity The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments