Thermon Group Holdings, Inc. (THR) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
7171 SOUTHWEST PARKWAY AUSTIN, TX 78735 |
| State of Incorp. | DE |
| Fiscal Year End | March 31 |
| Industry (SIC) | 362 - Electrical Industrial Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2023 MRQ | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 35,635 | 41,445 | 40,124 | 43,237 | 31,402 | 33,879 | |||
| Cash and cash equivalents | 35,635 | 41,445 | 40,124 | 43,237 | 31,402 | 33,879 | |||
| Receivables | 100,765 | 99,931 | 82,732 | 95,013 | 109,712 | 96,296 | |||
| Inventory, net of allowances, customer advances and progress billings | 82,132 | 71,650 | 63,790 | 60,273 | 64,890 | 63,829 | |||
| Inventory | 82,132 | 71,650 | 63,790 | 60,273 | 64,890 | 63,829 | |||
| Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 16,114 | ||
| Other undisclosed current assets | 32,410 | 31,412 | 20,163 | 19,413 | 33,774 | 10,076 | |||
| Total current assets: | 250,942 | 244,438 | 206,809 | 217,936 | 239,778 | 220,194 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 13,570 | 10,534 | 12,619 | 16,637 | ✕ | ✕ | |||
| Property, plant and equipment | 63,288 | 66,039 | 72,630 | 72,542 | 74,955 | 74,485 | |||
| Intangible assets, net (including goodwill) | 313,582 | 307,662 | 316,822 | 302,524 | 331,591 | 362,000 | |||
| Goodwill | 219,612 | 212,754 | 213,038 | 197,978 | 204,995 | 210,566 | |||
| Intangible assets, net (excluding goodwill) | 93,970 | 94,908 | 103,784 | 104,546 | 126,596 | 151,434 | |||
| Deferred costs | 1,557 | ||||||||
| Deferred income tax assets | 688 | 1,211 | 2,586 | 2,904 | ✕ | ✕ | |||
| Other noncurrent assets | 7,559 | 6,785 | 6,412 | 8,362 | 5,609 | 2,373 | |||
| Other undisclosed noncurrent assets | 2,272 | 3,425 | |||||||
| Total noncurrent assets: | 398,687 | 392,231 | 411,069 | 402,969 | 415,984 | 442,283 | |||
| TOTAL ASSETS: | 649,629 | 636,669 | 617,878 | 620,905 | 655,762 | 662,477 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 66,694 | 61,435 | 43,458 | 50,044 | 52,514 | 51,757 | |||
| Taxes payable | ✕ | ✕ | 897 | 219 | 1,217 | 1,961 | 5,952 | ||
| Accounts payable | 27,330 | 33,567 | 19,722 | 25,070 | 22,705 | 22,995 | |||
| Accrued liabilities | 39,364 | 26,971 | 23,517 | 23,757 | 27,848 | 22,810 | |||
| Deferred revenue | ✕ | ✕ | |||||||
| Debt | 24,828 | 8,081 | 2,628 | 2,701 | 13,725 | 2,500 | |||
| Billings in excess of cost | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 8,143 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 6,814 | ✕ | ||
| Other undisclosed current liabilities | 18,550 | 11,482 | 6,342 | 7,890 | |||||
| Total current liabilities: | 110,072 | 80,998 | 52,428 | 60,635 | 73,053 | 62,400 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 87,762 | 130,090 | 143,363 | 169,564 | 197,729 | 214,533 | |||
| Long-term debt, excluding current maturities | 87,710 | 120,431 | 143,017 | 169,053 | 197,729 | 214,533 | |||
| Finance lease, liability | 52 | 183 | 346 | 511 | ✕ | ✕ | |||
| Liabilities, other than long-term debt | 26,394 | 13,271 | 14,419 | 6,965 | 36,031 | 44,691 | |||
| Deferred compensation liability, classified | 5,671 | 4,837 | 4,608 | 3 | |||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | ✕ | 28,139 | 34,252 | ||
| Deferred income tax liabilities | ✕ | ✕ | |||||||
| Liability for uncertainty in income taxes | |||||||||
| Other liabilities | 8,296 | 8,434 | 9,811 | 6,962 | 7,892 | 10,439 | |||
| Operating lease, liability | 12,427 | 9,476 | ✕ | ✕ | |||||
| Other undisclosed noncurrent liabilities | 6,413 | 13,106 | 28,507 | 37,302 | |||||
| Total noncurrent liabilities: | 120,569 | 156,467 | 186,289 | 213,831 | 233,760 | 259,224 | |||
| Total liabilities: | 230,641 | 237,465 | 238,717 | 274,466 | 306,813 | 321,624 | |||
| Equity | |||||||||
| Equity, attributable to parent | 418,988 | 399,204 | 379,161 | 346,439 | 344,745 | 334,925 | |||
| Common stock | 33 | 33 | 33 | 33 | 33 | 32 | |||
| Additional paid in capital | 239,860 | 234,549 | 231,322 | 227,741 | 223,040 | 222,622 | |||
| Accumulated other comprehensive loss | (58,100) | (38,906) | (35,919) | (63,894) | (48,949) | (36,541) | |||
| Retained earnings | 237,195 | 203,528 | 183,725 | 182,559 | 170,621 | 148,812 | |||
| Equity, attributable to noncontrolling interest | 4,204 | 5,928 | |||||||
| Total equity: | 418,988 | 399,204 | 379,161 | 346,439 | 348,949 | 340,853 | |||
| TOTAL LIABILITIES AND EQUITY: | 649,629 | 636,669 | 617,878 | 620,905 | 655,762 | 662,477 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 440,590 | 355,674 | 276,181 | 383,486 | 412,642 | 308,609 | ||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 308,609 | |
| Cost of revenue (Cost of Goods and Services Sold) | (255,465) | (215,556) | (158,938) | (221,848) | (236,702) | (164,798) | ||
| Gross profit: | 185,125 | 140,118 | 117,243 | 161,638 | 175,940 | 143,811 | ||
| Operating expenses | (120,696) | (92,640) | (100,021) | (111,202) | (106,660) | (94,615) | ||
| Other undisclosed operating loss | (9,239) | (9,073) | (9,445) | (17,773) | (20,771) | (16,458) | ||
| Operating income: | 55,190 | 38,405 | 7,777 | 32,663 | 48,509 | 32,738 | ||
| Nonoperating income (expense) | (86) | (4,165) | 2,211 | (1,306) | 347 | (4,989) | ||
| Investment income, nonoperating | 76 | 252 | 238 | 606 | ||||
| Other nonoperating income (expense) | (86) | (4,165) | 2,135 | (1,558) | 109 | (5,595) | ||
| Interest and debt expense | (5,871) | (5,815) | (10,261) | (14,279) | (15,714) | (9,360) | ||
| Income (loss) from continuing operations before income taxes: | 49,233 | 28,425 | (273) | 17,078 | 33,142 | 18,389 | ||
| Income tax expense (benefit) | (15,567) | (8,333) | 1,438 | (5,142) | (9,973) | (5,170) | ||
| Income from continuing operations: | 33,666 | 20,092 | 1,165 | 11,936 | 23,169 | 13,219 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | 20,092 | 1,165 | 11,936 | 23,169 | 13,219 | |
| Net income attributable to parent: | 33,666 | 20,092 | 1,165 | 11,936 | 23,169 | 13,219 | ||
| Other undisclosed net income (loss) available to common stockholders, basic | 2 | (413) | (1,306) | |||||
| Net income available to common stockholders, diluted: | 33,666 | 20,092 | 1,165 | 11,938 | 22,756 | 11,913 | ||
Comprehensive Income ($ in thousands)
| 12/31/2023 TTM | 3/31/2023 | 3/31/2022 | 3/31/2021 | 3/31/2020 | 3/31/2019 | 3/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 33,666 | 20,092 | 1,165 | 11,936 | 23,169 | 13,219 | ||
| Comprehensive income: | 33,666 | 20,092 | 1,165 | 11,936 | 23,169 | 13,219 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (19,194) | (2,987) | 27,975 | (14,943) | (12,821) | 10,488 | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 14,472 | 17,105 | 29,140 | (3,007) | 10,348 | 23,707 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.