New insider activity at Thermon Group Holdings ( (THR) ) has taken place on February 11, 2025.
SVP Global Sales Thomas N Cerovski recently made a significant investment by purchasing 500 shares of Thermon Group Holdings stock, valued at $13,860.
Recent Updates on THR stock
Thermon Group Holdings recently reported its Q3 fiscal 2025 earnings, revealing a revenue decline of 1.5% to $134.4 million, primarily due to challenges in large capital expenditure projects and tariff uncertainties. Despite this, the company achieved a significant 17.1% increase in net income and an 8.2% rise in gross profit, driven by strategic diversification into diverse markets and a focus on operational efficiency. The backlog grew by 48% year-over-year, indicating strong future business prospects. Thermon’s adjusted EBITDA margin reached 23.7%, the highest in two years, highlighting effective cost management and a favorable revenue mix. The company maintains a strong financial position with a net leverage ratio of 1.1x, reduced net debt, and a strategic approach to capital allocation, positioning itself well for growth opportunities in electrification, on-shoring, decarbonization, and energy investments.
More about Thermon Group Holdings
YTD Price Performance: -3.44%
Average Trading Volume: 179,839
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $927.2M