Thermon Group Holdings, Inc. (THR)

Thermon's stock has experienced fluctuations influenced by earnings reports and business developments in the past six months. The stock price fell by -0.713% on October 27, 2025, but was up by 8.28% over the preceding two weeks and 2.24% over the last year. Thermon reported Q1 2026 earnings per share (EPS) of $0.36, missing the consensus estimate of $0.37, and quarterly revenue also fell 5.4% year-over-year to $108.90 million, below the consensus estimate of $122.53 million. The company reported a 5% year-over-year increase in revenue to $134.1 million, driven by momentum in OpEx revenues and contributions from acquisitions. Bookings increased by 19%, leading to a 29% higher backlog compared to the previous year. Organic orders were up 14%, and the adjusted EBITDA margin improved to 22.7%. Thermon reported its Q3 fiscal 2025 results. Thermon reported Q2 fiscal 2025 results, which missed analysts' consensus estimates. Thermon expanded its electric heater offering through the acquisition of F.A.T.I.

Demand for a significant portion of Thermon's heat tracing products is seasonal, with the company's second and third fiscal quarters typically seeing the largest related revenue, as many customers perform preventative maintenance prior to the winter season. Revenues generated from large capital projects are not seasonal and are instead dependent on the overall capital spending environment and the timing of specific projects.

Thermon specializes in delivering comprehensive solutions for process heating, complete flow assurance, freeze protection, environmental monitoring, and temperature maintenance. Their extensive product portfolio includes electric heat tracing cables, steam heating solutions, heating units, electrode and gas-fired boilers, industrial heating blankets, temporary power solutions, and tubing bundles. They also offer controls, monitoring and software, instrumentation, and project services, including engineering, installation, and maintenance. Recent product introductions include the Minke™ Electric Hot Water Boiler and Poseidon™ and Pontus™ Liquid Load Banks for data center commissioning.

Thermon Group Holdings, Inc. has a broad international presence, with operations and product availability across various geographic regions, including the United States and Latin America, Canada, Europe, the Middle East, Africa, and the Asia-Pacific. The company has subsidiaries and its products are available in countries such as Australia, Canada, Korea, China, India, Germany, France, the United Kingdom, Japan, Mexico, and Bahrain.

Thermon Group Holdings, Inc. believes it has established credibility as a reliable provider of high-quality process heating products. The company states that its registered trademarks in the U.S. and numerous additional brand names are recognized globally, contributing to excellent brand recognition. There were no specific events reported in the past year that explicitly impacted Thermon's brand reputation, either positively or negatively, beyond the ongoing business operations and product developments.

Institutional investors hold a significant portion of Thermon Group Holdings, Inc. stock, with approximately 97.54% of common stock held by institutions. Major institutional owners include Vanguard Group Inc, BlackRock, Inc., Fmr Llc, T. Rowe Price Investment Management, Inc., Dimensional Fund Advisors Lp, Westwood Holdings Group Inc, Kempen Capital Management N.v., Brown Advisory Inc, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, and William Blair Investment Management, Llc. Insiders own approximately 2.46% of the company's shares. Notable individual/insider shareholders include Marcus J. George, Daniel J. Hennessy, Brian P. Simmons, and James Cooper.