THR

ADDISON, TX AND AUSTIN, TX / ACCESS Newswire / May 28, 2026 / CECO Environmental Corp. (NASDAQ:CECO) ("CECO") and Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon") announced that both companies' stockholders overwhelmingly voted to approve the previously announced strategic combination at their respective stockholder meetings held earlier today. Preliminary results showed that approximately 99.93% of votes cast at CECO's annual meeting were voted in favor of the transaction, and nearly 99.97% of the votes cast at Thermon's meeting were in support of the combination. The final voting results will be reported in each of the company's respective Form 8-K filings with the U.S. Securities and Exchange Commission. "We appreciate the strong support from both companies' stockholders and remain excited about bringing together complementary environmental and thermal capabilities to create a scaled platform of mission-critical solutions," said Todd Gleason, Chief Executive Officer of CECO. "We look forward to completing the transaction in the coming days and realizing the compelling benefits of this combination for our shareholders, customers, employees and stakeholders." "The vote from today's meeting reflects the confidence our stockholders have in the strategic rationale of this combination," said Bruce Thames, President and Chief Executive Officer of Thermon. "We are proud of what Thermon has built and look forward to joining the CECO team and expanding our capabilities to better serve our customers around the world." The transaction is expected to close on or around June 1, 2026, subject to the satisfaction of customary closing conditions. The parties also announced the results of the elections made by Thermon stockholders of record regarding the form of consideration they wish to receive in exchange for their shares of Thermon common stock in connection with the transaction. As previously disclosed, the deadline to have made such an election was 5:00 p.m. Central Time on May 22, 2026 (the "Election Deadline"). As further described in the election materials and in the parties' joint proxy statement/prospectus dated April 23, 2026, each Thermon stockholder will be entitled to receive, for each share of Thermon common stock held immediately prior to the closing of the transaction, one of the following forms of merger consideration: (i) $63.89 in cash, without inte...

Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge. Thermon Group Holdings (THR) released fourth quarter and full year results to March 31, 2026, showing higher sales alongside lower net income and earnings per share compared with the previous year. This combination of revenue growth and reduced profitability is important for understanding how the stock’s recent performance aligns with the company’s latest financials. See our latest analysis for Thermon Group Holdings. Thermon’s 74.62% year to date share price return and very large 1 year total shareholder return of 148.15% suggest strong momentum, even as the latest earnings highlight pressure on profitability. If earnings volatility has you looking at other industrial power and infrastructure ideas, it could be worth scanning 35 power grid technology and infrastructure stocks With Thermon’s earnings under pressure, yet the stock up sharply and trading above the US$51 analyst price target, the key question is whether investors are paying too much today or whether markets are correctly pricing in future growth. Thermon’s most followed valuation narrative pegs fair value at $51 per share, well below the last close of $65.71, which sets up a clear tension between the model and the market. Read the complete narrative. The model leans on faster earnings growth than revenue, higher margins, and a richer future earnings multiple. Want to see exactly how those moving parts line up behind that $51 figure and how they compare with what you think Thermon can realistically deliver? Result: Fair Value of $51 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the story could change quickly if core organic revenue weakness persists or if European electrification demand slows, given Thermon’s heavy reliance on that region. Find out about the key risks to this Thermon Group Holdings narrative. If all of this seems mixed and you are weighing the potential benefits against the risks, consider what the market currently finds attractive and review the 1 key reward If Thermon has sharpened your focus on quality, do not stop here. Broaden your watchlist with other focused stock ideas built from consistent, transparent data. Spot potential mispricings early by scanning 49 high quality undervalued stocks that combine solid fu...

Thermon Group (THR) came out with quarterly earnings of $0.55 per share, missing the Zacks Consensus Estimate of $0.56 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.20%. A quarter ago, it was expected that this maker of heat tracing products would post earnings of $0.59 per share when it actually produced earnings of $0.66, delivering a surprise of +11.86%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Thermon Group, which belongs to the Zacks Instruments - Control industry, posted revenues of $148.33 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 9.70%. This compares to year-ago revenues of $134.08 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Thermon Group shares have added about 72.4% since the beginning of the year versus the S&P 500's gain of 8.1%. While Thermon Group has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Thermon Group was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of to...

AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Thermon Group Holdings Inc. (THR) on Tuesday reported fiscal fourth-quarter earnings of $2.7 million. On a per-share basis, the Austin, Texas-based company said it had profit of 8 cents. Earnings, adjusted for one-time gains and costs, came to 55 cents per share. The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share. The maker of heat tracing products posted revenue of $148.3 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $135.2 million. For the year, the company reported profit of $44.6 million, or $1.36 per share. Revenue was reported as $536.3 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on THR at https://www.zacks.com/ap/THR

Thermon Group (THR) reported fiscal Q4 adjusted earnings Tuesday of $0.55 per diluted share, down fr

AUSTIN, TX / ACCESS Newswire / May 19, 2026 / Thermon Group Holdings, Inc. (NYSE:THR) ("Thermon" or the "Company"), a global leader in industrial process heating solutions, today announced consolidated results for the fourth quarter ("Q4 2026") and full fiscal year ended March 31, 2026 ("Fiscal 2026"). FOURTH QUARTER FISCAL 2026 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Revenue of $148.3 million, an increase of 11% Gross profit of $65.3 million, an increase of 10%, Gross Margin of 44.0% Net income of $2.7 million, a decrease of 84%, $0.08 EPS Adjusted Net Income (non-GAAP) of $18.3 million, a decrease of 3%, $0.55 Adjusted EPS (non-GAAP) Adjusted EBITDA (non-GAAP) of $32.1 million, an increase of 5%; Adjusted EBITDA margin (non-GAAP) of 21.6% New orders of $143.5 million, an increase of 3%; book-to-bill ratio of 0.97x Net leverage ratio of 0.7x as of March 31, 2026 FULL YEAR 2026 HIGHLIGHTS (all comparisons versus the prior year period unless otherwise noted) Revenue of $536.3 million, an increase of 8% Gross profit of $243.1 million, an increase of 9%; Gross Margin of 45.3% Net income of $44.6 million, a decrease of 17%, $1.36 EPS Adjusted Net Income (non-GAAP) of $70.5 million, an increase of 11%, $2.15 Adjusted EPS (non-GAAP) Adjusted EBITDA (non-GAAP) of $119.6 million, an increase of 9%; Adjusted EBITDA margin (non-GAAP) of 22.3% New orders of $550.8 million, an increase of 3%; book-to-bill ratio of 1.03x Proposed transaction with CECO Environmental Corp. ("CECO") on track to close in June 2026 MANAGEMENT COMMENTARY "Our disciplined focus on our strategic growth priorities enabled us to sustain and build upon the recent momentum in our business, resulting in a strong finish to fiscal 2026, capping a record year for revenue, Adjusted EBITDA, and orders," stated Bruce Thames, President and CEO of Thermon. "Revenue increased by 11% during the fourth quarter, driven by the continued rebound in large project activity, as well as durable demand in power, electrification, and select energy markets. For the full year, our revenue increased 8% to a record $536 million, while Adjusted EBITDA margin increased to 22.3% resulting in 9% Adjusted EBITDA growth." Thames continued, "We are well positioned to capitalize on several powerful secular trends, including onshoring, decarbonization, power, LNG and data centers, as evidence...

Lone Peak Global Investors reported a full exit from Thermon Group (NYSE:THR) as of its May 14, 2026, SEC filing, selling approximately 430,230 shares for an estimated $20.05 million based on quarterly average pricing. According to the SEC filing dated May 14, 2026, Lone Peak Global Investors fully liquidated its position in Thermon during the first quarter, reducing holdings by 430,230 shares. The estimated value of the shares sold was approximately $20.05 million, based on the mean unadjusted closing price for the quarter. The net position change for the stake, including price movement, was a decrease of $15.99 million. Lone Peak Global Investors sold out its Thermon position. Top holdings after the filing: NASDAQ:HSIC: $27.82 million (4.6% of AUM) NASDAQ:KDP: $27.24 million (4.5% of AUM) NYSE:UPS: $26.14 million (4.4% of AUM) NYSE:OPLN: $24.98 million (4.2% of AUM) NYSE:CAH: $24.12 million (4.0% of AUM) As of May 14, 2026, Thermon shares were priced at $68.61, up about 120% over the past year, outperforming the S&P 500’s 25% gain. Thermon Group offers engineered industrial process heating solutions, including electric and gas heating products, heat tracing systems, control and monitoring solutions, and specialty products for a range of industrial applications. The firm generates revenue through the design, manufacture, and sale of process heating equipment, complemented by engineering, installation, and maintenance services for process industries worldwide. It serves customers in chemical and petrochemical, oil and gas, power generation, rail and transit, commercial, transportation, food and beverage, pharmaceutical, mineral processing, data centers, and semiconductor sectors. Thermon Group is a leading provider of industrial process heating solutions with a global footprint and a diversified customer base across critical infrastructure sectors. The company leverages its engineering expertise and comprehensive service offerings to deliver tailored solutions that address complex thermal management needs. Its strategic focus on innovation and end-to-end project support positions Thermon as a preferred partner for process industries requiring reliability and operational efficiency. After the stock more than doubled over the past year, Lone Peak may simply be rotating capital elsewhere while Thermon trades near all-time highs — because ultimately, Thermon’s u...

Strong First Quarter Results Highlighted by Orders up 97 Percent and Backlog Eclipsing $1B Largest Natural Gas Power Order in Company History Booked in April 2026 Company Raises Full Year 2026 Guidance ADDISON, Texas, April 28, 2026 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the first quarter of 2026 – as well as an update for the proposed merger transaction with Thermon Group Holdings, Inc. ("Thermon"). Highlights for the Quarter(1) Orders of $449.5 million, up 97 percent Backlog of $1,035.1 million, up 72 percent Revenue of $205.9 million, up 17 percent Gross profit of $63.9 million, up 3 percent; Gross margin of 31.0 percent Net loss of $(0.4) million, down 101 percent; non-GAAP net income of $13.9 million, up 297 percent GAAP EPS (diluted) of $(0.01); non-GAAP EPS (diluted) of $0.36 Adjusted EBITDA of $20.4 million, up 46 percent Free cash flow of $(15.7) million, down 4 percent (1) All comparisons are versus the comparable prior year period, unless otherwise stated. Reconciliations of GAAP (reported) to non-GAAP measures are in the attached financial tables. Todd Gleason, CECO's Chief Executive Officer commented, “I am pleased to highlight the tremendous topline growth and steady EBITDA margin expansion we continue to deliver at CECO. This is the first time our quarter-end backlog has eclipsed $1 billion, which reflects our incredible 2.2 book-to-bill ratio during the first quarter. We continue to secure strategic, large-scale projects to enable natural gas power generation expansion in support of a tremendous global investment in electrical power demand for data centers, artificial intelligence computing, industrial reshoring and electrification. This strong momentum continued into April 2026 as we have already booked approximately over $450 million in new orders including the largest ever order in the Natural Gas Power market, setting our second quarter bookings on a course to materially exceed the record we just set in the first quarter.” First quarter operating income was $1.9 million, down $60.0 million or 97 percent when compared to $61.9 million in the first quarter 2025. On an adjusted basis, non-GAAP operating income was $17.9 million, up...

Thermon Group Holdings recently reported accelerating orders and an expanded multi-year pipeline for its liquid load bank solutions serving the fast-growing data center market, alongside record backlog and higher revenue and adjusted EBITDA guidance driven by diversified end markets such as power, chemicals, food processing, and nuclear. The interesting angle is how Thermon’s durable maintenance revenue and growing exposure to data centers and other non-oil-and-gas sectors may increasingly insulate its earnings from traditional project cycle swings. Next, we’ll examine how this surge in data center-driven liquid load bank demand could reshape Thermon’s existing investment narrative and risk balance. Invest in the nuclear renaissance through our list of 92 elite nuclear energy infrastructure plays powering the global AI revolution. To own Thermon Group, you have to believe its mix of long-life maintenance work and newer data center, power, and industrial exposures can support steadier earnings than a pure oil and gas cycle play. The latest surge in liquid load bank orders and raised revenue and adjusted EBITDA guidance strengthens the near term growth catalyst around data centers, while the key risk remains whether this young product line and broader backlog can convert to revenue without timing hiccups or competitive pressure. Within the recent announcements, the standout for this story is Thermon’s disclosure of more than US$100 million of liquid load bank quotes and a roughly US$400 million multi year opportunity pipeline. That pipeline sits directly on top of the data center catalyst investors are watching and interacts with existing concerns about project timing, tariffs, and regional concentration, since a meaningful portion of future growth now depends on how quickly this quoted work becomes booked and delivered. Yet the biggest issue investors should be aware of is how quickly these early data center wins could turn if... Read the full narrative on Thermon Group Holdings (it's free!) Thermon Group Holdings' narrative projects $615.1 million revenue and $80.3 million earnings by 2029. This requires 5.6% yearly revenue growth and about a $21.5 million earnings increase from $58.8 million today. Uncover how Thermon Group Holdings' forecasts yield a $51.00 fair value, in line with its current price. Before this news, the most optimistic analysts were mode...

Find winning stocks in any market cycle. Join 7 million investors using Simply Wall St's investing ideas for FREE. Thermon Group Holdings (THR) recently reported quarterly results, with revenue coming in 6.5% above estimates and a clear beat on EBITDA. This outcome has helped its shares climb 12.1% since the release. See our latest analysis for Thermon Group Holdings. That earnings surprise seems to have fed into strong momentum, with a 39.34% 90 day share price return and a 79.60% 1 year total shareholder return suggesting investors are reassessing Thermon Group Holdings at the current share price of $51.78. If this kind of move has you looking for other potential ideas in related areas, it could be worth scanning 27 power grid technology and infrastructure stocks as a starting list of companies to research next. With THR trading around $51.78 and sitting only slightly above the latest analyst price target, the key question now is whether the recent run still leaves room for upside or if the market is already pricing in future growth. With Thermon Group Holdings closing at $51.78 against a widely followed fair value anchor of $51.00, the narrative frames the current price as slightly ahead of its fundamentals while still grounded in detailed long term assumptions. Read the complete narrative. Curious what kind of revenue path and margin profile could underpin that fair value, and what profit multiple the narrative assumes years from now? The full narrative sets out a detailed earnings trajectory and future valuation anchor that goes far beyond a simple price target. Result: Fair Value of $51 (OVERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, there are still real pressure points, including organic revenue declines outside F.A.T.I. and reliance on European electrification trends that could challenge this fair value story. Find out about the key risks to this Thermon Group Holdings narrative. If this mix of optimism and open questions has you thinking, take a closer look at the details yourself and decide quickly where you stand. Start with the 3 key rewards. If THR has grabbed your attention, do not stop here. Use the Simply Wall St screener to quickly surface other focused ideas that match your goals. Target value opportunities by reviewing companies on the 63 high quality undervalued stocks that combine qu...

Looking back on electrical systems stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Thermon (NYSE:THR) and its peers. Like many equipment and component manufacturers, electrical systems companies are buoyed by secular trends such as connectivity and industrial automation. More specific pockets of strong demand include Internet of Things (IoT) connectivity and the 5G telecom upgrade cycle, which can benefit companies whose cables and conduits fit those needs. But like the broader industrials sector, these companies are also at the whim of economic cycles. Interest rates, for example, can greatly impact projects that drive demand for these products. The 15 electrical systems stocks we track reported a satisfactory Q4. As a group, revenues beat analysts’ consensus estimates by 2.1% while next quarter’s revenue guidance was 1.1% below. Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 7.3% since the latest earnings results. Creating the first packaged tracing systems, Thermon (NYSE:THR) is a leading provider of engineered industrial process heating solutions for process industries. Thermon reported revenues of $147.3 million, up 9.6% year on year. This print exceeded analysts’ expectations by 6.5%. Overall, it was an exceptional quarter for the company with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates. Interestingly, the stock is up 12.1% since reporting and currently trades at $51.78. Is now the time to buy Thermon? Access our full analysis of the earnings results here, it’s free. Enhancing commercial environments, LSI (NASDAQ:LYTS) provides lighting and display solutions for businesses and retailers. LSI reported revenues of $147 million, flat year on year, outperforming analysts’ expectations by 4.9%. The business had a stunning quarter with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ revenue estimates. Although it had a fine quarter compared its peers, the market seems unhappy with the results as the stock is down 8% since reporting. It currently trades at $18.76. Is now the time to buy LSI? Access our full analysis of the earnings results here, it’s free. Credited with introducing the first automatic washing machine, Whirlpool (NYSE:WHR) is a manufacturer of a variety of home appliances....

Delivered Multiple Financial Records Including Full Year Orders Greater Than $1 Billion Finished 2025 Strong with Q4 Gross Profit Margins of 35% Announces Strategic Transaction Combining CECO with Thermon Group Raises 2026 Full Year Outlook – Non-Inclusive of Thermon ADDISON, Texas, Feb. 24, 2026 (GLOBE NEWSWIRE) -- CECO Environmental Corp. (Nasdaq: CECO) ("CECO"), a leading environmentally focused, diversified industrial company whose solutions protect people, the environment, and industrial equipment, today reported its financial results for the fourth quarter and full year of 2025 – as well as the separately announced proposed merger transaction with Thermon Group Holdings, Inc. ("Thermon"). Highlights for the Quarter(1) Orders of $329.3 million, up 50 percent Backlog of $793.1 million, up 47 percent Revenue of $214.7 million, up 35 percent Gross profit of $75.4 million, up 33 percent; Gross margin of 35.1 percent, down 70 basis points Net income of $3.1 million, down 37 percent; non-GAAP net income of $11.1 million, up 12 percent Adjusted EBITDA of $29.8 million, up 57 percent Free cash flow of $8.7 million, up $13.1 million Highlights for the Year(1) Orders of $1,064.3 million, up 59 percent Revenue of $774.4 million, up 39 percent Gross profit of $269.2 million, up 37 percent; Gross margin of 34.8 percent, down 40 basis points Net income of $50.1 million, up 285 percent; non-GAAP net income of $32.6 million, up 22 percent Adjusted EBITDA of $90.3 million, up 44 percent Free cash flow of $9.6 million, up 30 percent (1) All comparisons are versus the comparable prior year period, unless otherwise stated. Reconciliations of GAAP (reported) to non-GAAP measures are in the attached financial tables. Todd Gleason, CECO's Chief Executive Officer commented, “We closed the year with our strongest quarter to date, highlighted by order bookings in excess of $300 million, the first time in company history. This performance was primarily driven by a large domestic gas-fired power generation project of approximately $135 million, also a company record in project value. This marks our fifth consecutive quarter with orders above $200 million, underscoring the continued momentum in our core markets as we enter 2026. Revenue of approximately $215 million reflects strong execution against our record and growing backlog, with gross profit margin improving sequentially to...