Brief: Thermon Group Q1 Revenue USD 108.9 Million Vs. IBES Estimate USD 122.5 Million

Thermon group

07/08/2025 12:00

Overview

Thermon fiscal Q1 revenue declines 5.4% yr/yr, missing analysts' expectations

Adjusted EBITDA of $21.2 mln misses analysts' estimates, per LSEG data

Co repurchased $9.8 mln in shares

Outlook

Thermon reiterates full-year 2026 revenue guidance of $495 mln to $535 mln

Company maintains full-year 2026 EPS guidance of $1.35 to $1.57

Thermon sees adjusted EBITDA for fiscal 2026 at $104 mln to $114 mln

Company cites secular demand trends as positive drivers for future growth

Result Drivers

BACKLOG CONVERSION DELAY - $10 mln revenue delayed due to supply chain issues and production delays, per CEO Bruce Thames

TARIFF IMPACT - Tariff-related market uncertainty contributed to reduced customer demand and lower revenue

BOOKINGS RECOVERY - Decline in orders in late April due to trade uncertainty, but recovery seen by end of July

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$108.90 mln
$122.50 mln (4 Analysts)
Q1 Adjusted EBITDA
Miss
$21.20 mln
$22 mln (4 Analysts)
Q1 Orders
$120.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Thermon Group Holdings Inc is $36.00, about 21.6% above its August 6 closing price of $28.23

Press Release: ID:nACS26Zlfa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)