Thermon Group sees FY25 adjusted EPS $1.77-$1.89, consensus $1.80

Sees revenue $495M-$515M, consensus $500.74M. Sees adjusted EBITDA $105M-$110M. “We maintained our strict financial discipline during the third quarter, allowing us to reduce our net debt by $14 million during the quarter, resulting in quarter end net leverage of 1.1x,” stated Jan Schott, CFO. “We generated third quarter non-GAAP free cash flow of $8.5 million, bringing our year-to-date total to $23.9 million, up $3.2 million from the prior year year-to-date period. Based on our conservative net leverage, combined with total cash and available liquidity of $136.4 million at December 31, 2024, we have ample financial flexibility to execute on our capital allocation strategy, which prioritizes investments in both organic growth and complementary bolt-on acquisitions, debt paydown, and our $50 million share repurchase authorization.”