Overview

* Thermon ( THR ) fiscal Q1 revenue declines 5.4% yr/yr, missing analysts' expectations

* Adjusted EBITDA of $21.2 mln misses analysts' estimates, per LSEG data

* Co repurchased $9.8 mln in shares

Outlook

* Thermon ( THR ) reiterates full-year 2026 revenue guidance of $495 mln to $535 mln

* Company maintains full-year 2026 EPS guidance of $1.35 to $1.57

* Thermon ( THR ) sees adjusted EBITDA for fiscal 2026 at $104 mln to $114 mln

* Company cites secular demand trends as positive drivers for future growth

Result Drivers

* BACKLOG CONVERSION DELAY - $10 mln revenue delayed due to supply chain issues and production delays, per CEO Bruce Thames

* TARIFF IMPACT - Tariff-related market uncertainty contributed to reduced customer demand and lower revenue

* BOOKINGS RECOVERY - Decline in orders in late April due to trade uncertainty, but recovery seen by end of July

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q1 Miss $108.90 $122.50

Revenue mln mln (4

Analysts

)

Q1 Miss $21.20 $22 mln

Adjusted mln (4

EBITDA Analysts

)

Q1 $120.70

Orders mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the electrical components & equipment peer group is "buy"

* Wall Street's median 12-month price target for Thermon Group Holdings Inc ( THR ) is $36.00, about 21.6% above its August 6 closing price of $28.23

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)