Thermon posts Q4 revenue beat of $148.3M
Thermon has postponed its guidance and call due to its pending merger with CECO.
The company reported a Q4 non-GAAP EPS of $0.55, in line with expectations, and revenue of $148.3M, which represents a 10.6% year-over-year increase and beats by $12.95M.
Adjusted EBITDA was $32.1 million, a 5% increase, with a margin of 21.6%. New orders were $143.5 million, an increase from the prior period.