QUOTE AND NEWS
DailyFinance  Jul 10  Comment 
SAN MARCOS, TX -- (Marketwired) -- 07/10/14 -- Thermon Group Holdings, Inc. (NYSE: THR) ("Thermon") will issue a press release reporting its consolidated financial results for the first quarter ended June 30, 2014 before the market opens on...
SeekingAlpha  Feb 6  Comment 
Thermon Group Holdings (THR) Q3 2014 Earnings Call February 06, 2014 11:00 am ET Executives Sarah Alexander Rodney Lynn Bingham - Chief Executive Officer, President and Director Jay C. Peterson - Chief Financial Officer, Chief...
StreetInsider.com  Feb 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Thermon+Group+Holdings+%28THR%29+Misses+Q3+EPS+by+30c/9132957.html for the full story.
DailyFinance  Jan 15  Comment 
SAN MARCOS, TX -- (Marketwired) -- 01/15/14 -- Thermon Group Holdings, Inc. (NYSE: THR) ("Thermon") will issue a press release reporting its third quarter consolidated financial results before the market opens on Thursday, February 6, 2014....
DailyFinance  Jan 8  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 01/08/14 -- Thundermin Resources Inc. ("Thundermin") (TSX VENTURE: THR) announces that it has completed its previously announced non-brokered private placement financing for aggregate gross proceeds of...
DailyFinance  Dec 19  Comment 
TORONTO, ONTARIO -- (Marketwired) -- 12/19/13 -- Thundermin Resources Inc. ("Thundermin") (TSX VENTURE: THR) announces that it intends to raise, subject to regulatory approval and closing, $600,000 (the "Offering") in a non-brokered private...
StreetInsider.com  Nov 7  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Thermon+Group+Holdings+%28THR%29+Tops+Q2+EPS+by+2c/8858775.html for the full story.
StreetInsider.com  Aug 8  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Thermon+Group+Holdings+%28THR%29+Tops+Q1+EPS+by+1c/8581247.html for the full story.
StreetInsider.com  Jun 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Thermon+Group+Holdings+%28THR%29+Misses+Q4+EPS+by+6c/8392526.html for the full story.
StreetInsider.com  Apr 22  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Sidoti+Upgrades+Thermon+Group+Holdings+%28THR%29+to+Buy/8267744.html for the full story.




 
TOP CONTRIBUTORS

Thermon Group Holdings, Inc (NYSE:THR) sells and installs heat tracing for industrial plans in the energy, chemical, and power generation market. Heat tracing is used to provide an external source of heat to pipes to prevent them from freezing, to control their temperature, and regulate flow. Thermon makes money by installing the products on new facilities and by upgrading or expanding at existing facilities. Because of the difficulties with compatibilities, facilities generally use the same company to maintain and upgrade their facilities. As a result, Thermon's new facility clients tend to switch to recurring existing clients within one to three years of the initial instillation.[1]

In order to match the natural declines in the supply of oil and gas producers must move to increasingly deep wells and increasingly harsh climates. This movement forces the facilities to install heat tracing equipment to prevent their both raw and refined goods from freezing. In addition, heat tracing is increasingly installed to simply improve the rate of flow and, as a result increase through put and lower costs. This trend will increase the demand for the products that Thermon makes and installs.[2]

The company's initial public offering of stock on the NYSE occurred on May 4, 2011. The company offered 10M shares each for $12. This was at the low end of the $12-$14initial price range. This offering raised a total of $120M. The lead managers of the IPO were Barclays (BCS) and Jefferies Group (JEF).[3]

For the full year 2010, Thermon's total revenues were $192.7M. The company experienced a net income of $18.9M. [4]

  1. THR S-1/A 2011 PROSPECTUS SUMMARY "Our Business" pg 1
  2. THR S-1/A 2011 PROSPECTUS SUMMARY "Our Industry" pg 2
  3. Renaissance Capital - IPO Home "Thermon Group prices IPO at $12, the low end of the range" 4 May 2011
  4. THR S-1/A 2011 PROSPECTUS SUMMARY "Our Business" pg 1
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