Thermon Group's (THR) Q4 Earnings Beat, Revenues Rise Y/Y
THRThermon(THR) ZACKS·2024-05-30 21:46

Thermon Group (THR) reported fourth-quarter fiscal 2024 adjusted earnings per share (EPS) of 34 cents, which surpassed the Zacks Consensus Estimate of 32 cents. The bottom line fell 17% year over year mainly due to reduced volumes, product mix, spending and incremental interest expenditure, which were partially balanced by improved prices. For the fiscal year ended Mar 31, 2024, adjusted EPS soared 16% year over year to 1.82,drivenbytheVaporPoweracquisition.Revenuesinthequartertotaled1.82, driven by the Vapor Power acquisition. Revenues in the quarter totaled 127.7 mil ...