Thermon Group Q4 revenue beats ahead of CECO merger

Thermon group

19/05/2026 11:55

Overview

Industrial process heating provider's Q4 2026 revenue rose 11% yr/yr, beating analyst expectations

Q4 adjusted EPS declined slightly yr/yr

Company expects CECO merger to close in June 2026

Outlook

Company is no longer providing financial guidance due to pending merger with CECO

Result Drivers

LARGE PROJECTS AND DECARBONIZATION - Q4 revenue growth was driven by a rebound in large project activity and increased decarbonization projects, per CEO Bruce Thames

PRICING BENEFITS - Disciplined pricing contributed to revenue and gross profit growth

HIGHER OPERATING COSTS - SG&A expenses increased due to costs related to the pending CECO transaction, investments in growth initiatives, and higher performance-based compensation

Company press release: ID:nACSNkRFza

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$148.3 mln
$135.35 mln (5 Analysts)
Q4 Adjusted EBITDA
$32.1 mln
Q4 Orders
$143.5 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

Wall Street's median 12-month price target for Thermon Group Holdings Inc is $51.00, about 20.4% below its May 18 closing price of $64.05

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)