Thermon beats Q2 revenue growth estimates, hikes FY forecast

Thermon group

06/11/2025 11:52

Overview

Thermon fiscal Q2 2026 revenue grows 14.9%, beating analyst expectations

Adjusted EPS for fiscal Q2 2026 increases significantly, reflecting strong operational performance

Company raises full-year 2026 guidance amid margin expansion and strategic execution

Outlook

Thermon raises full-year 2026 revenue guidance to $506-$527 mln

Company increases full-year 2026 EPS guidance to $1.62-$1.77

Thermon expects full-year 2026 Adjusted EBITDA of $112-$119 mln

Result Drivers

REVENUE GROWTH - Revenue increased due to recovery from tariff-related delays and improved large project activity

MARGIN IMPROVEMENT - Gross profit and margins improved through efficient execution, tariff mitigation, and pricing benefits

STRATEGIC INITIATIVES - Co cites reshoring, electrification, and other trends as boosting demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$131.70 mln
$119.43 mln (4 Analysts)
Q2 Adjusted EBITDA
$30.60 mln
Q2 Orders
$131 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 $33.00, about 10.9% above its November 5 closing price of $29.41

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release: ID:nACSJKLmga

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(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.)