Thermon Group Holdings, Inc. reported its financial results for the three and nine months ended December 31, 2025, showing a revenue increase of 10% to $147.3 million for the quarter, compared to $134.4 million in the same period last year. For the nine-month period, revenue rose by 7% to $387.9 million from $364.1 million. The company's net income for the quarter was $18.3 million, slightly down from $18.5 million a year earlier, while net income for the nine months increased by 14% to $41.8 million from $36.5 million. The gross profit margin improved to 46.6% for the quarter, up from 46.2% in the prior year, driven by higher sales volumes and favorable pricing.
The company experienced notable growth across all segments, particularly in the Europe, Middle East, and Africa (EMEA) region, which saw a 36.5% increase in revenue, largely attributed to the acquisition of Fabbrica Apparecchiature Termoelettriche Industriali (F.A.T.I.) in October 2024. The U.S. and Latin America (US-LAM) segment reported a 9.6% increase in sales, while Canada saw a modest rise of 1.4%. The Asia-Pacific (APAC) segment also contributed to the overall growth, with an 8.8% increase in revenue.
Operationally, Thermon reported a backlog of $259.4 million as of December 31, 2025, up from $240.3 million at the end of the previous fiscal year. The company noted that approximately 52% of its revenues were generated from outside the United States, reflecting its ongoing diversification strategy. The total employee headcount remained stable, with no significant changes reported in staffing levels.
In terms of strategic developments, Thermon has focused on enhancing its product offerings, launching new liquid load bank products, and integrating F.A.T.I. into its operations. The company has also implemented pricing initiatives to address rising costs and has taken steps to optimize its supply chain in response to global trade dynamics. Looking ahead, Thermon anticipates continued growth driven by increased project activity and demand for its heating solutions, particularly in the context of electrification and decarbonization initiatives. The company remains committed to maintaining its financial health, with a focus on managing its debt and capital expenditures effectively.
About Thermon Group Holdings, Inc.
Thermon Group Holdings, Inc. provides engineered industrial process heating solutions, including heat tracing, process heating, boilers, and related services. Serving diverse markets such as energy, chemical, power, and transportation globally, it offers products, engineering, installation, and software for complex projects. With a focus on innovation, safety, and sustainability, Thermon leverages a broad product portfolio, global manufacturing, and long-term customer relationships to maintain industry leadership.
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