San Marcos Mercury | Local News from San Marcos and Hays County, Texas

March 23rd, 2012
Thermon posts Q3 record orders, earnings per share

Thermon Holdings CEO Rodney Bingham and other company executives ceremoniously rang the New York Stock Exchange's closing bell in August. Since going public in May, the company's stock has increased to the $20 range. NYSE PHOTO



San Marcos-based Thermon Group Holdings Inc. said third quarter revenue grew 6 percent to $68.8 million over the same period in fiscal year 2011 in federal regulatory filings.

The company said gross profits increased 14.4 percent to 4 million for the quarter that ended Dec. 31; orders increased 69 percent, from $58.3 million to $83.7 million. Listed as THR on the New York Stock Exchange, Thermon also posted record earnings per share of 22 cents.

“Our business continues to grow and we set several records in the current quarter including revenue, orders and EPS,” Jay Peterson, the company’s chief financial officer, said in a written statement.

Since going public in May, Thermon’s stock price has trended up from a low of $11.41 last June to a high of $21.13 on March 1. It was trading for $19.70 at the market’s close on March 22.

Thermon manufactures products that help maintain the temperature of pipes and other vessels in the energy, chemical power generation industries. Founded in San Marcos in 1954, it has European headquarters in the Netherlands and offices 13 countries in North America Europe, Asia and Australia.

See video of Thermon execs closing trading at the New York Stock Exchange:

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One thought on “Thermon posts Q3 record orders, earnings per share

  1. Great news. I’d love to see discussions about incentives that could help businesses like this to thrive and grow even more.

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