Roberto Kuahara, Senior Vice President of Operations at Thermon Group Holdings, Inc. (NYSE:THR), recently sold 300 shares of the company's common stock. The transaction, which took place on November 27, was executed at a price of $31.37 per share, resulting in a total sale value of $9,411. The sale occurred as the stock trades near its current price of $31.91, with Thermon commanding a market capitalization of $1.07 billion. According to InvestingPro analysis, the company maintains a "GREAT" financial health score. Following this sale, Kuahara holds 24,362 shares, which includes 19,466 restricted stock units. Analysts have set price targets ranging from $32 to $37 for the stock, which currently trades at a P/E ratio of 24.5x. For deeper insights into Thermon's valuation and growth prospects, InvestingPro subscribers can access additional analysis and financial metrics in the comprehensive Pro Research Report.
In other recent news, Thermon Group Holdings Inc (NYSE:THR). reported mixed financial results for the second quarter of fiscal year 2025. The company saw a 7.4% decrease in revenue year-over-year, totaling $115 million. This decline was attributed to a substantial 51% reduction in large project revenues, which fell to $17.5 million due to customers deferring decisions on capital projects. However, operational expenditure (OpEx) revenues showed resilience, increasing by 10% to $97.2 million.
In the midst of these market shifts, Thermon completed the acquisition of F.A.T.I. for €12.5 million, expanding its presence in the Eastern Hemisphere. Notably, total orders rose by 13% to $131.1 million, with a backlog increase of 29% to $214.9 million. The company's adjusted EBITDA fell to $23.8 million, and free cash flow improved to $6.7 million, with plans to reduce debt by $20 million to $30 million in fiscal 2025.
Despite challenges, Thermon remains optimistic about future large project spending and is well-positioned to capitalize on decarbonization opportunities, with a sales pipeline exceeding $1.2 billion. As part of the recent developments, the company has adjusted revenue guidance for fiscal 2025 to between $495 million and $515 million, with adjusted EBITDA projected at $105 million to $110 million.
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