Thermon misses top-line estimates; reaffirms FY26 outlook

2 hours ago 1

Thermon press release (NYSE:THR): Q1 Non-GAAP EPS of $0.36 in-line.
Revenue of $108.9M (-5.4% Y/Y) misses by $13.63M.
Adjusted EBITDA (non-GAAP) of $21.2 million, (8.6)%; Adjusted EBITDA margin (non-GAAP) of 19.5%
New orders of $120.7 million, (5.1)%; book-to-bill ratio of 1.11x

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