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Thermon

Industrial Machinery & Equipment · Texas, United States · 1,405 Employees

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About

Headquarters

7171 Southwest Pkwy Bldg 300 Ste 200, Austin, T...

Phone Number

(512) 690-0600

Revenue

$489.5 Million

Stock Symbol

THR

Industry

Industrial Machinery & Equipment Manufacturing

Most Recent Scoops

Jun 3 2024
Earnings
Jun 3 2024
Earnings
Thermon has recently released 2024 Q4 report with the following insight: Thermon notes some near-term macroeconomic uncertainty and delays/deferrals in large capital expenditure projects, particularly in North America. This is expected to make organic growth challenging in the first half of fiscal 2025. The company sees risks around timing of customer decisions, permitting issues, and availability of government stimulus funding contributing to project delays.
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Highlights

$120M

Total Funding Amount

$120M

Most Recent Funding Amount

1

Number of Funding Rounds

Who is Thermon

Thermon Group Holdings, Inc. provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. The company offers self-regulating and power limiting heating cables, which automatically increase or decrease heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated cables for generating high temperatures used in harsh environments; skin effect trace heaters, which could heat lines up to 15 miles long from a single power point; and heat traced tube bundles for environmental gas sampling systems. It also provides heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers, and instrument sampling systems; hopper heating modules, which are self-contained heaters for use in cement plants and fossil fuel power facilities; and turnkey solutions that provide solutions for heat tracing comprising design, optimization, planning, product supply, engineering services, system integration, installation, commissioning, and maintenance. In addition, the company offers heating, sensing, monitoring, controlling, and calibration tools; and equipment for temporary electric power distribution and lighting products used in energy infrastructure construction projects and maintenance/turnaround projects. The company offers its solutions to the oil and gas, chemical processing, and power generation markets through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. is headquartered in San Marcos,...Read more

Thermon's Social MediaPopular SearchesThermon Group Holdings IncThermon IncThermon Manufacturing CoThermon Canada IncThermonSIC Code 50,507NAICS Code 42,423Ticker NYSE: THRShow more

Thermon Org Chart

Rodney Bingham
Rodney Bingham

Chief Executive Officer

PhoneEmail
Fred Schulte
Fred Schulte

President & Chief Financial Officer & Directo...

PhoneEmail
Darwin Jebha
Darwin Jebha

Vice President & Chief Information Officer

PhoneEmail

PhoneEmail

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Thermon Company Metrics

Company Insights
Employee Growth Rate
Funding
Funding DateMay 04, 2011
RoundStock Issuance/Offering
Amount$120M
Investors
See More

$120M

Total Funding Amount

$120M

Most Recent Funding Amount

1

Number of Funding Rounds

Acquisitions & Subsidiaries

CCI Thermal Technologies

Caloritech

Ruffneck

See More Acquisitions & Subsidiaries

Thermon Tech Stack

A closer look at the technologies used by Thermon

Top Companies in United States

Top 10 companies in United States by revenue

Top 10 companies in United States by number of employees

Top 10 companies in United States by total funding amount

See top companies

Most Recent Scoops

Jun 3 2024
Earnings
Jun 3 2024
Earnings
Financial Planning
Jun 3 2024
Earnings
Thermon has recently released 2024 Q4 report with the following insight: Thermon notes some near-term macroeconomic uncertainty and delays/deferrals in large capital expenditure projects, particularly in North America. This is expected to make organic growth challenging in the first half of fiscal 2025. The company sees risks around timing of customer decisions, permitting issues, and availability of government stimulus funding contributing to project delays.
Jun 3 2024
Earnings
Thermon has recently released 2024 Q4 report with the following insight: In addition to macro risks, Thermon faces threats from current/future competitors in the industrial heat tracing solutions industry. The company also has some exposure to oil and gas industry cycles and capital spending patterns.
Jun 3 2024
Earnings
Thermon has recently released 2024 Q4 report with the following insight: Thermon sees opportunities for growth in decarbonization, digitization, and diversification. The company grew decarbonization revenue 48% year-over-year to $34 million in fiscal 2024. The decarbonization sales pipeline tripled to over $250 million. Thermon is supplying solutions to the growing carbon capture and storage industry, which represents 25% of the current pipeline. The company continues to see strong adoption of its Genesis digitization platform, with the installed base growing over 200% in fiscal 2024. Thermon is focused on diversifying into non-oil and gas markets, reaching 68% diversified revenue in fiscal 2024, nearly achieving its 2026 target of 70% ahead of schedule. The recent Vapor Power acquisition further diversifies Thermon end markets and increases exposure to electrification.
Sales, Sales Development
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Thermon News & Media

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Frequently Asked Questions regarding Thermon

Where is Thermon located?
Thermon's headquarters are located at 7171 Southwest Pkwy Bldg 300 Ste 200, Austin, Texas, 78735, United States
What is Thermon's phone number?
Thermon's phone number is (512) 690-0600
What is Thermon's stock symbol?
Thermon's stock symbol is THR
What is Thermon's official website?
Thermon's official website is www.thermon.com
What is Thermon's Revenue?
Thermon's revenue is $489.5 Million
What is Thermon's SIC code?
Thermon's SIC: 50,507
What is Thermon's NAICS code?
Thermon's NAICS: 42,423
How many employees does Thermon have?
Thermon has 1,405 employees
What industry does Thermon belong to?
Thermon is in the industry of: Industrial Machinery & Equipment, Manufacturing
What is Thermon competition?
Thermon top competitors include: Chromalox, Watlow, Weil-McLain, York International
What companies has Thermon acquired?
Thermon has acquired the companies: CCI Thermal Technologies, Caloritech, Ruffneck
What technology does Thermon use?
Some of the popular technologies that Thermon uses are: Solidworks, Microsoft IIS, WordPress.org, Drupal
Who is the CEO of Thermon?
Thermon's CEO is Bruce Thames
Who is the CFO of Thermon?
Thermon's CFO is Fred Schulte
How do I contact Thermon?
Thermon contact info: Phone number: (512) 690-0600 Website: www.thermon.com
What does Thermon do?

Thermon Group Holdings, Inc. provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. Its products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. The com... pany offers self-regulating and power limiting heating cables, which automatically increase or decrease heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated cables for generating high temperatures used in harsh environments; skin effect trace heaters, which could heat lines up to 15 miles long from a single power point; and heat traced tube bundles for environmental gas sampling systems. It also provides heat transfer compounds and steam tracers for steam tracing solutions; control and monitoring systems for electric tracing of pipes, tanks, hoppers, and instrument sampling systems; hopper heating modules, which are self-contained heaters for use in cement plants and fossil fuel power facilities; and turnkey solutions that provide solutions for heat tracing comprising design, optimization, planning, product supply, engineering services, system integration, installation, commissioning, and maintenance. In addition, the company offers heating, sensing, monitoring, controlling, and calibration tools; and equipment for temporary electric power distribution and lighting products used in energy infrastructure construction projects and maintenance/turnaround projects. The company offers its solutions to the oil and gas, chemical processing, and power generation markets through a network of sales and service professionals, and distributors. Thermon Group Holdings, Inc. is headquartered in San Marcos,...Read More

What are Thermon social media links?
Thermon Linkedin page Thermon Twitter page Thermon Facebook page
How much funding has Thermon raised to date?
Thermon has raised $120 Million in 1 funding round
When was the last funding round for Thermon?
Thermon closed its last funding round on May 04, 2011 with the amount of $120 Million
Is Thermon a public company?
Yes, Thermon is a public company and is traded under the symbol THR
See more information about Thermon

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