Strong Revenue Growth
Reported revenues were up 15% from last year, with a 29% increase in adjusted EBITDA, driven by strong margin execution and operating leverage.
Record-Breaking Backlog and EBITDA
Backlog up 17% year-over-year, with trailing 12-month revenues and adjusted EBITDA reaching records of $509 million and $114.1 million, respectively.
Successful Execution of Strategic Growth Initiatives
Thermon's strategic initiatives in decarbonization, digitization, and diversification are yielding results, with a reported 41% increase in large CapEx revenues and robust quoting activity for data center solutions.
Positive Data Center Market Traction
First order for the new Poseidon liquid load bank secured, with a quote log totaling $30 million and projected market growth of 21% CAGR.
Financial Stability and Flexibility
Net leverage at 1x with total liquidity of $129 million, enabling Thermon to pursue M&A opportunities and strategic priorities.