Thermon Group Holdings, Inc. Provides Earnings Guidance for the Year Ending March 31, 2023
August 04, 2022 at 04:31 pm IST
Share
Thermon Group Holdings, Inc. provided earnings guidance for the year ending March 31, 2023. For the year, the company expects revenue will be approximately $380-$405 million, which includes $18 million of revenue contribution from the Powerblanket acquisition. GAAP EPS in Fiscal 2023 to be approximately $0.85-$0.97 per share.
Thermon Group Holdings, Inc. provides industrial process heating solutions. The Company specializes in providing complete flow assurance, process heating, temperature maintenance, freeze protection and environmental monitoring solutions. Its advanced industrial heating and filtration solutions include various categories, such as environmental heating (branded as Ruffneck, Norsemen, and Catadyne), process heating (branded as Caloritech), filtration (branded as 3L Filters), rail and transit (branded as Hellfire, Velocity, ArcticSense and others), and boilers (branded as Vapor Power, Precision Boilers, and Caloritech). It offers a full suite of products, which include heating units, electrode and gas-fired boilers, heating cables, industrial heating blankets and related products, temporary power solutions and tubing bundles; services, which include engineering, installation and maintenance services, and software, which includes design optimization and wireless and network control systems.