Thermon Group reports sales growth; Wall Street reacts favorably

Nov 5, 2014
Austin Business Journal

Thermon Group Holdings saw its share price rise Tuesday after it reported a rise in revenue and order volume over the second quarter, according to documents filed with the Securities and Exchange Commission

The San Marcos-based manufacturer of heat tracing software and equipment used by factories reported quarterly revenue of $79 million, up 9 percent compared with the second quarter of the past fiscal year. The company also reported an increase in orders to $87 million, 20 percent higher than the same period last year

Shares of Thermon Group Holdings were up by more than 8 percent in midday trading to $25.47 from its previous close of $23.49. See how the stock is performing at this time here

The company reported net income of $11.7 million, or 36 cents per share, in the second quarter, up from $10.5 million in the same time last year

Print Article opens in new window