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Thermon Group Holdings Inc . (NYSE:THR) stock has touched a 52-week low, with shares falling to $24.52, marking an 8.56% decline in just the past week. According to InvestingPro data, the company maintains a "GOOD" financial health score despite the recent market pessimism, with analysts setting price targets between $32 and $37. This latest price level reflects a notable decline over the past year, with the company experiencing a 20.75% decline. Despite the challenges, Thermon Group maintains strong fundamentals with a healthy current ratio of 2.56 and operates with moderate debt levels. The company remains profitable with a gross margin of nearly 44%. As the firm navigates through these headwinds, market participants are paying close attention to its strategies for recovery and growth. Discover more insights and 6 additional ProTips for THR with an InvestingPro subscription.
In other recent news, Thermon Group Holdings reported adjusted earnings per share of $0.56, which fell short of Kansas City Capital’s estimate of $0.61 and the previous year’s $0.59. The company’s revenue for the quarter was $134.4 million, marking a 1.5% decrease from the previous year and below the estimated $146.4 million. Despite the revenue shortfall, Thermon Group achieved a gross margin of 46.2%, surpassing last year’s 42.1% and the 43.9% estimate by Kansas City Capital, due to a shift in business focus toward maintenance and repair activities. Analyst Jonathan Braatz from Kansas City Capital maintained a Perform rating on Thermon Group, highlighting a modestly improving operating environment for fiscal 2026.
In other developments, Thermon Group announced the upcoming retirement of Mark Roberts, Senior Vice President of Thermon Heating Systems and Engineering, effective June 30, 2025. To ensure a smooth transition, the company has entered into a Transition and Consulting Agreement with Roberts, who will continue to provide consulting services until June 30, 2026. During this period, Roberts will be compensated at a rate of $240 per hour and will retain vesting rights for certain stock units. The agreement is intended to facilitate an orderly handover of responsibilities while retaining Roberts’ expertise for an additional year post-retirement.
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