Thermon Group Touts Revenue Rise In Q4 Amid Market Challenges, Sets FY25 Goals
Portfolio Pulse from Lekha Gupta
Thermon Group Holdings, Inc. (NYSE:THR) reported a 4% Y/Y increase in Q4 FY24 revenue to $127.7 million, beating consensus estimates. Despite this, shares are trading lower due to a 6% decline in adjusted EBITDA and a 17% drop in adjusted EPS. The company has set optimistic FY25 revenue and EPS goals.
May 29, 2024 | 5:41 pm
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Thermon Group Holdings, Inc. reported a 4% increase in Q4 FY24 revenue, beating estimates. However, shares are trading lower due to a 6% decline in adjusted EBITDA and a 17% drop in adjusted EPS. The company has set optimistic FY25 revenue and EPS goals.
Despite beating revenue and EPS estimates, the decline in adjusted EBITDA and EPS has led to a negative market reaction. The optimistic FY25 outlook may not be enough to offset short-term concerns.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100