Thermon (NYSE: THR) outlines CECO merger plan and diversified heating growth
Thermon (NYSE: THR) has detailed its pending $2.2 billion stock-and-cash merger with CECO Environmental Corp., aiming to create a global industrial leader in environmental and thermal solutions. The company's latest 10-K report highlights its diversified revenue streams, with approximately 70% from non-oil-and-gas markets and 51% generated outside the U.S. Thermon reported a backlog of $254.9 million and outstanding debt of $141.1 million as of March 31, 2026, while maintaining strong safety performance with a total recordable incident rate of 0.16.
CECO Environmental (CECO) Sets Election Deadline for Thermon Stockholders on Merger Consideration
CECO Environmental (CECO) has announced an election deadline of May 22 for Thermon Group Holdings Inc. stockholders regarding the form of merger consideration. This follows their February agreement for a $2.2 billion stock-and-cash merger, which aims to expand CECO's leadership in industrial environmental and thermal solutions. Analysts maintain a "Buy" rating for CECO, with Needham increasing its price target to $90.
Thermon faces earnings test ahead of $2.2 billion CECO merger
Thermon Group Holdings Inc. is set to report its fourth-quarter fiscal 2026 results, with analysts expecting a sequential earnings decline, which could impact investor sentiment ahead of its $2.2 billion merger with CECO Environmental. Investors will be closely watching if the Q4 softness is due to seasonal patterns or more serious demand issues, especially since the company raised its full-year guidance earlier. The merger is scheduled for shareholder votes on May 27 and is expected to close in June 2026.
Thermon Group Holdings Inc reports results for the quarter ended March 31 - Earnings Summary
Thermon Group Holdings Inc has released its earnings summary for the quarter that ended on March 31. The report contains key financial results for the specified period. This brief article confirms the availability of these earnings details.
Thermon Group Holdings (THR) Q4 FY2026: EPS $0.08, Revenue $148.3M -- Is the Stock 98.9% Overvalued?
Thermon Group Holdings Inc. (THR) reported Q4 FY2026 results with an 11% year-over-year revenue increase to $148.3 million, driven by large-project activity. While GAAP EPS decreased to $0.08 due to transaction-related costs and higher SG&A, adjusted EBITDA rose 5% to $32.1 million. For the full fiscal year 2026, the company achieved record revenue of $536.3 million and adjusted EBITDA, though GAAP earnings were lower.
Thermon (NYSE: THR) holders choose cash, stock, or mix by May 22
Thermon Group Holdings, Inc. (NYSE: THR) stockholders have until May 22, 2026, at 5:00 p.m. Central Time to elect their preferred form of consideration for the pending acquisition by CECO Environmental Corp. Shareholders can choose between all stock, all cash, or a combination of both; those who do not make an election will receive the mixed consideration. The merger is expected to close on June 1, 2026, subject to stockholder approvals and customary closing conditions.
Thermon Group Holdings Releases Q4 2026 Financial Results
Thermon Group Holdings, Inc. announced its Q4 2026 financial results, reporting adjusted EPS of $0.55 and revenue of $148.3 million, a 10.6% increase from the previous year. Despite revenue growth, analyst sentiment remains cautious with a majority of hold and sell ratings, reflecting potential concerns about competitive pressures or capital expenditure trends. The company specializes in industrial heating solutions for energy, chemicals, and power generation markets.
Thermon Group Holdings Releases Q4 2026 Financial Results
Thermon Group Holdings, Inc. reported its Q4 2026 financial results, with adjusted EPS of $0.55 per share and revenue reaching $148.3 million, marking a 10.6% increase from the previous fiscal year. The company's net income for the quarter was $18.3 million, serving core markets in energy, chemicals, and power generation. Despite revenue growth, Wall Street analysts maintain a cautious outlook on the stock, with more hold and sell ratings than buy ratings.
Earnings Flash (THR) Thermon Group Holdings, Inc. Posts Q4 Adjusted EPS $0.55 per Share, vs. FactSet Est of $0.55
Thermon Group Holdings, Inc. announced its Q4 adjusted earnings per share (EPS) of $0.55, which met FactSet's estimate. This financial update indicates the company's performance aligned with analyst expectations for the quarter. The article provides a brief overview of this key financial metric.
Lone Peak Global Investors Liquidates Entire Thermon Group Position in Q1 2026 - News and Statistics
Lone Peak Global Investors has fully divested its stake in Thermon Group in Q1 2026, selling approximately 430,230 shares valued at $20.05 million. This decision follows a 120% surge in Thermon's stock over the past year, significantly outperforming the S&P 500's 25% increase. Despite Thermon's strong financial performance and growth in AI infrastructure and industrial electrification, the fund opted to reallocate capital after substantial gains.
What Lone Peak’s $20 Million Thermon Exit Could Signal After Record Earnings
Lone Peak Global Investors fully exited its position in Thermon Group (NYSE:THR), selling approximately 430,230 shares for an estimated $20.05 million. This divestment occurred after Thermon's stock surged 120% over the past year and the company reported record quarterly revenue and bookings, raising questions about whether investors are rotating capital despite strong underlying business momentum. Thermon specializes in industrial process heating solutions and is experiencing accelerated demand linked to data centers, electrification, LNG, and power infrastructure.
CECO, Thermon set May 22 election deadline for merger consideration
CECO Environmental Corp. and Thermon Group Holdings, Inc. have set May 22 as the deadline for Thermon stockholders to elect their form of consideration for the upcoming merger. Stockholders can choose between CECO shares, a cash and stock combination, or cash, with the cash and stock-only options subject to proration. The merger is expected to close on June 1, 2026, and the election deadline is separate from the voting deadlines for the companies' respective stockholder meetings.
Thermon (THR) GC awarded shares; stock withheld to cover taxes
Thermon's SVP and General Counsel, Ryan Tarkington, received multiple common stock awards totaling 14,084 shares, including performance-based units and restricted stock units. To cover tax obligations upon vesting, 3,564 shares were surrendered at a price of $64.69 per share. These transactions, reported on May 12, 2026, represent equity compensation and tax withholding rather than open-market sales.
Are SILA, KALV, THR, LSTA Obtaining Fair Deals for their Shareholders?
Halper Sadeh LLC, an investor rights law firm, is investigating several companies—Sila Realty Trust (SILA), KalVista Pharmaceuticals (KALV), Thermon Group Holdings (THR), and Lisata Therapeutics (LSTA)—to determine if their proposed sales provide fair deals for shareholders. The firm is concerned about potential violations of federal securities laws and breaches of fiduciary duties, suggesting that insiders may receive disproportionate benefits. Shareholders are encouraged to contact the firm to discuss their legal rights and options regarding these transactions.
Thermon (THR) SVP David Buntin earns performance shares and new RSU grant
Thermon Group Holdings SVP David Buntin received performance-based share awards totaling 9,447 shares from prior grants and a new grant of 6,183 restricted stock units. These awards were based on the company's return on invested capital and adjusted EBITDA performance. Buntin also surrendered 3,553 shares to cover tax obligations on vesting restricted stock units, which is a routine compensation-related transaction and not an open-market sale.
Thermon Group (NYSE: THR) SVP reports stock awards and tax withholding
Thermon Group Holdings SVP Candace Harris-Peterson reported equity compensation activities including the surrender of 2,314 shares for tax withholding, the acquisition of 3,238 and 2,430 shares from performance unit awards for ROIC and adjusted EBITDA respectively, and a new grant of 3,864 restricted stock units. Following these transactions, her direct holdings amounted to 40,821 common shares, inclusive of RSUs. The report details that no open-market buys or sells occurred, rather it was routine equity compensation and tax-related transactions.
Thermon Group (THR) VP CAO reports equity grants and tax-withholding share surrender
Thermon Group Holdings, Inc.'s VP and Chief Accounting Officer, Lucas Thomas Gregory, reported receiving equity compensation on May 12, 2026, including shares based on return on invested capital and adjusted EBITDA performance targets, as well as new restricted stock units. He also surrendered 2,412 shares to cover tax obligations on vesting equity. After these transactions, Gregory directly owned 14,718 shares, including 7,520 restricted stock units.
Thermon Group Holdings, Inc. (NYSE:THR) Given Average Rating of "Hold" by Brokerages
Thermon Group Holdings, Inc. (NYSE:THR) has received an average "Hold" rating from six brokerages, with an average 12-month price target of $57.00. The company recently surpassed quarterly earnings estimates, reporting $0.66 EPS against an estimated $0.59 and revenue of $147.31 million, exceeding the $138.35 million expectation. Institutional investors and hedge funds hold a significant 99.76% of the company's shares.
Denali Advisors LLC Takes $638,000 Position in Thermon Group Holdings, Inc. $THR
Denali Advisors LLC has acquired a new position in Thermon Group Holdings, Inc. (NYSE:THR), purchasing 17,157 shares valued at approximately $638,000 during the fourth quarter. This move comes as Thermon Group reported strong quarterly results, exceeding EPS and revenue estimates, even though several analysts have downgraded the stock to a "Hold" rating. Institutional investors and hedge funds collectively own a significant 99.76% of the company's stock.
Thermon Group Holdings, Inc. $THR Stock Position Lessened by Swedbank AB
Swedbank AB reduced its stake in Thermon Group Holdings, Inc. by 8.4% in the fourth quarter, selling 64,000 shares and leaving it with 694,000 shares valued at approximately $25.8 million. Despite the stock trading near its 52-week high and the company reporting strong quarterly results that beat earnings and revenue estimates, analyst sentiment has softened, leading to multiple rating cuts and an average "Hold" rating with a $57.00 target price. Other institutional investors like Royal Bank of Canada, AQR Capital Management LLC, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., Jane Street Group LLC, and JPMorgan Chase & Co. modified their holdings, with institutional investors collectively owning 99.76% of the company's stock.
Strs Ohio Makes New Investment in Thermon Group Holdings, Inc. $THR
Strs Ohio has made a new investment in Thermon Group Holdings, Inc. (NYSE: THR) during the fourth quarter, purchasing 19,100 shares valued at approximately $710,000. Despite the institutional investment, several analysts have downgraded Thermon Group stock, resulting in a consensus "Hold" rating and an average price target of $57.00, below its recent opening price of $65.56. The company recently reported strong quarterly earnings, beating analyst estimates with $0.66 EPS and $147.31 million in revenue.
Thermon Group Holdings Hits New 52-Week High of $71.22
Thermon Group Holdings, Inc. reached a new 52-week high of $71.22 on May 6, 2026, demonstrating strong performance in the electronics and appliances sector. The company's stock has increased by 124.53% over the past year, significantly outperforming the S&P 500. With a market capitalization of USD 1,583 million, a P/E ratio of 28.00, and a debt-to-equity ratio of 0.18, Thermon Group shows solid financial health and growth potential.
Thermon Group Holdings stock hits all-time high at 70.13 USD
Thermon Group Holdings Inc. stock recently reached an all-time high of $70.13, reflecting a 152.21% increase over the past year. The company's stock currently trades at $71.01 with a $2.29 billion market cap, though InvestingPro data suggests it may be overvalued. Recent developments include a $2.2 billion merger agreement with CECO Environmental and a significant increase in its liquid load bank quote log, driven by demand from data centers.
FMR LLC boosts THR disclosure: 2.97M shares, 9.0% stake (THR)
FMR LLC has filed an amended Schedule 13G/A, disclosing a beneficial ownership of 2,970,723 shares, representing a 9.0% stake in Thermon Group Holdings, Inc. (THR) as of March 31, 2026. This filing indicates a passive investment stance with FMR LLC holding sole dispositive power over these shares, and no other person holds more than 5% of the common stock. The document includes standard procedural attachments like a power of attorney and an Exhibit 99 agreement.
Thermon Group Holdings stock hits all-time high at 70.13 USD
Thermon Group Holdings (THR) stock recently reached an all-time high of $70.13, reflecting a 152.21% increase over the past year. Despite its current trading price of $71.01 and a market cap of $2.29 billion, InvestingPro data suggests the stock is currently overvalued, with a P/E ratio of 38.78. Recent company developments include a $2.2 billion merger agreement with CECO Environmental and a significant increase in their liquid load bank quote log, driven by demand from data centers.
Thermon Group Hits Day High with 10.66% Surge in Stock Price
Thermon Group Holdings, Inc. saw a 10.66% increase in its stock price, reaching an intraday high of USD 70.05. The company has demonstrated strong performance over various timeframes, including a 153.49% return over the past year, significantly outperforming the S&P 500. Despite a recent decline in profits, Thermon Group maintains financial stability with a low debt-to-equity ratio and solid return on equity.
Thermon Group Holdings Hits New 52-Week High at $63.56
Thermon Group Holdings Inc. has reached a new 52-week high of $63.56, showcasing strong performance in the Electronics & Appliances sector with a 105.88% one-year growth. The company, a small-cap with a market capitalization of USD 1,583 million, demonstrates solid financial health with a low debt-to-equity ratio of 0.18 and a positive return on equity of 10.60%. This achievement highlights its significant lead over the S&P 500 and its growth potential in the industry.
Thermon Group (NYSE:THR) Reaches New 52-Week High - Here's Why
Thermon Group (NYSE:THR) recently achieved a new 52-week high, trading at up to $63.56 with significant trading volume, driven by strong quarterly results that surpassed analyst expectations. Despite several analyst downgrades to a "Hold" rating, the company exhibits solid fundamentals including low debt and high institutional ownership. Thermon also provided optimistic FY2026 guidance, indicating continued growth for the technology firm.
SEC EDGAR Submission 0001104659-26-033034
This document is an SEC EDGAR Submission (Form 425) by Thermon Group Holdings, Inc. with accession number 0001104659-26-033034, filed on March 23, 2026. The submission includes company data, filing values, and business contact information for Thermon Group Holdings, Inc., which operates in electrical industrial apparatus manufacturing. It also lists 48 associated document and graphic files.
Peregrine Asset Advisers Inc. Buys New Position in Thermon Group Holdings, Inc. $THR
Peregrine Asset Advisers Inc. has acquired a new position in Thermon Group Holdings, Inc. (NYSE:THR), purchasing 61,413 shares valued at approximately $2.28 million, representing a 0.19% stake. The company recently exceeded Q4 earnings expectations with $0.66 EPS versus an estimated $0.59, and revenue of $147.3 million against an estimated $138.4 million. Despite strong earnings, several analysts have downgraded the stock, leading to a "Hold" consensus rating and an average price target of $57.00, which is below its current trading price.
Thermon Group Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Thermon Group Holdings, Inc. - THR
Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of Thermon Group Holdings, Inc. (NYSE: THR) to CECO Environmental Corp. (NasdaqGS: CECO). KSF is examining whether the proposed consideration of cash and/or CECO stock, subject to proration, adequately values Thermon Group Holdings. Shareholders are invited to contact KSF if they believe the transaction undervalues the company or wish to discuss their legal rights.
FinancialContent - Thermon Group Investor Alert: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Thermon Group Holdings, Inc. - THR
Kahn Swick & Foti, LLC (KSF) is investigating the proposed sale of Thermon Group Holdings, Inc. to CECO Environmental Corp. KSF is evaluating whether the consideration offered to Thermon shareholders, which includes cash and/or CECO common stock, adequately values the company. Shareholders are invited to contact KSF if they believe the transaction undervalues Thermon.
Thermon Group Holdings Experiences Revision in Its Stock Evaluation Amid Strong Market Performance
Thermon Group Holdings, a small-cap company in the Electronics & Appliances sector, has seen its stock valuation revised. The company exhibits strong operational efficiency with a P/E ratio of 28, a price-to-book value of 2.94, ROCE of 13.12%, and ROE of 10.60%. Its year-to-date return of 62.86% significantly outperforms the S&P 500's 4.28%, positioning it competitively within its industry.
Thermon Group Holdings Hits New 52-Week High at $61.14
Thermon Group Holdings, Inc. recently hit a new 52-week high of $61.14, demonstrating strong performance in the electronics and appliances sector with a 97.65% increase over the past year. The company boasts a market capitalization of $1,583 million, a low debt-to-equity ratio of 0.18, and a return on equity of 10.60%, signifying solid financial health and effective management. This milestone highlights its robust market position and impressive growth.
Thermon Group Holdings Inc (THR) Shares Surge 11.8% -- What GF S
Thermon Group Holdings Inc (THR) shares surged 11.8% to $60.52 on April 28, 2026, marking a significant year-to-date gain of 62.9% and a 132.1% increase over the past year. Despite its strong GF Score™ of 80/100, indicating robust fundamentals, the stock is considered significantly overvalued according to GuruFocus' GF Value™, trading 90.4% above its calculated fair value of $31.79. The lack of insider transactions over the last three months and its high P/E ratio further suggest caution for potential investors.
Thermon Group Holdings Inc (THR) Shares Surge 11.8% -- What GF Score of 80 Tells Investors
Thermon Group Holdings Inc (THR) shares surged 11.8% to $60.52, marking a 132.1% increase over the past year. Despite a strong GF Score of 80/100, GuruFocus indicates that THR is significantly overvalued, trading 90.4% above its GF Value of $31.79. The P/E ratio of 34.4x is also above its five-year median, suggesting caution for potential investors due to the discrepancy between market price and intrinsic value.
Thermon Group stock hits all-time high at 58.7 USD By Investing.com
Thermon Group Holdings Inc. stock has reached an all-time high of $58.74, marking a 118.72% appreciation over the past year. The company's strong performance is supported by robust Q3 fiscal year 2026 results, including a 10% revenue increase and 18% EPS growth, and a recently announced merger agreement with CECO Environmental valued at $2.2 billion. Despite its high valuation and a recent downgrade by William Blair, the company also saw a significant surge in quotes for liquid load bank solutions due to demand from data centers.
Thermon Group (NYSE:THR) Shares Up 7.5% - Here's Why
Thermon Group (NYSE:THR) saw its shares jump 7.5% after reporting quarterly results that beat analyst expectations for both EPS and revenue. Despite the positive earnings, analyst sentiment has softened, leading to several downgrades and a current consensus "Hold" rating with a target price of $57. The company, which provides engineered thermal solutions, maintained high institutional ownership at nearly 100%.
Thermon Group stock hits all-time high at 58.7 USD By Investing.com
Thermon Group Holdings Inc. stock has reached an all-time high of $58.74, showing a significant 118.72% appreciation over the past year. The company, an industrial heating solutions provider, now has a market capitalization of approximately $1.91 billion and has seen strong growth driven by financial results and market sentiment. Despite favorable performance, InvestingPro analysis suggests the stock might be overvalued, and current developments include a merger agreement with CECO Environmental and a surge in quote logs for liquid load bank solutions.
CECO Environmental Jumps As Thermon Merger Scrutiny Builds
CECO Environmental's stock has risen by 11.52% due to bullish sentiment around new contracts and an upcoming merger with Thermon Group. While the merger presents an event-driven trading opportunity, investor scrutiny from various firms regarding the deal's fairness to CECO shareholders is building. Traders are closely monitoring the Q1 2026 earnings report and the shareholder vote on May 27, 2026, for further catalysts and insights into the high-valuation stock.
Thermon Group stock hits all-time high at 58.7 USD By Investing.com
Thermon Group Holdings Inc. stock has reached an all-time high of $58.74, marking a remarkable 118.72% appreciation over the past year. The company, which specializes in industrial heating solutions, reported strong Q3 2026 results and announced a $2.2 billion merger agreement with CECO Environmental. Despite its strong performance, InvestingPro analysis suggests the stock might be overvalued.
Thermon Group stock hits all-time high at 58.7 USD
Thermon Group Holdings Inc. (THR) stock has reached an all-time high of $58.74, driven by a 118.72% appreciation over the past year. The company reported strong Q3 fiscal year 2026 revenues of $147.3 million and adjusted EPS of $0.66, and recently announced a $2.2 billion merger agreement with CECO Environmental. Its quote log for liquid load bank solutions has also surged to over $100 million due to increased demand from data centers.
CECO Environmental Reports First Quarter 2026 Results
CECO Environmental reported strong Q1 2026 results, with orders up 97% to $449.5 million and backlog exceeding $1 billion for the first time. The company raised its full-year 2026 guidance, projecting revenue between $940 million and $1 billion, and adjusted EBITDA of $120 million to $140 million. CECO also provided an update on its proposed merger with Thermon Group Holdings, Inc., which is expected to close in June following stockholder votes on May 27, 2026.
Meros Investment Management, LP's Thermon Group Holdings Inc(THR) Holding History
Meros Investment Management, LP holds 339,675 shares of Thermon Group Holdings Inc (THR) valued at $12.62 million, constituting 5.01% of its portfolio. Since initial trading in Q3 2023, the firm has made 9 purchases and 1 sale, accumulating an estimated gain of $8.91 million (90.29%) on its THR holdings. The average purchase price was $28.05 per share, with the current stock price at $54.11.
THR | THERMON GROUP HOLDINGS, INC. Insider Trading
This article details insider trading activity for THERMON GROUP HOLDINGS, INC. (THR), focusing on trades made by members of the U.S. Congress. It lists various buy and sell transactions by politicians like Gilbert Ray Cisneros, Jr., Josh Gottheimer, Ro Khanna, Greg Gianforte, and Michael T. McCaul, along with transaction dates and amounts. The piece also provides an overview of the company, its products, and other financial data points tracked by Quiver Quantitative.
Thermon Group Expands AI Data Center Load Bank Business
Thermon Group Holdings is experiencing surging demand for its liquid load bank solutions for liquid-cooled data centers, driven by increased investment in AI infrastructure. The company's quote log for these solutions has reached over $100 million, and it has increased manufacturing capacity to meet the growing demand. Analysts currently rate THR stock as a Hold with a $51.00 price target, while TipRanks' AI Analyst, Spark, rates it as Outperform due to strong financial quality and technical momentum.
Thermon Group Holdings: The Heating System Nobody Removes
Thermon Group Holdings is a critical provider of industrial heating systems, specializing in flow assurance, process heating, and temperature maintenance. The company has a strong business model based on long-term maintenance contracts, contributing significantly to its revenue. While historically associated with oil and gas, Thermon has successfully diversified into new markets like data centers and nuclear power, leading to strong financial performance and a record backlog, positioning it for continued earnings growth.
Thermon sees liquid load bank quotes surge on data center demand
Thermon Group Holdings Inc. reported a significant surge in quotes for its liquid load bank solutions, reaching over $100 million due to high demand from the data center market. Since entering this market eight months ago, the company has secured orders for approximately 80 units, expanding its multi-year opportunity pipeline to around $400 million, driven by the rapid expansion of data centers. Despite the stock appearing overvalued, Thermon maintains a strong financial health score and has expanded manufacturing capacity to meet the growing demand, which is projected to increase annually by 20% through 2032.
Thermon sees liquid load bank quotes surge on data center demand
Thermon Group Holdings Inc. reported a significant surge in liquid load bank solution quotes, reaching over $100 million as of April 2026, driven by high demand from the data center market. The company, which entered this market eight months ago, has already secured orders for approximately 80 units and sees a multi-year opportunity pipeline of $400 million, contributing to its robust organic growth and a 118% return for investors over the past year. This growth is also supplemented by recent news of a $2.2 billion merger agreement with CECO Environmental.
Thermon sees $100M+ quote log, forecasts 5–7% incremental organic growth from new data center products
Thermon has reported its quote log for liquid load banks has surpassed $100 million and anticipates new products will contribute 5–7% to organic growth. The company has secured orders for approximately 80 liquid load bank units since launching its offerings about eight months ago, with a multi-year pipeline valued at $400 million. Thermon is expanding manufacturing capacity to meet rising demand in the data center market, driven by AI and liquid-cooled deployments.
