Private company
Thermon Group Holdings, Inc.
Thermon Group Holdings, Inc. is an American electrical industrial apparatus company based in San Marcos.2
Last updated Oct 20, 2026.
Overview
- IndustryElectrical Industrial Apparatus2
- HeadquartersSan Marcos, United States2
- Incorporated inDE4
- Business address7171 Southwest Parkway, Building 300, Suite 200, Austin, Tx 787354
- Filer categoryLarge accelerated filer4
- Legal formCorporation2
- LEI529900ZNZBBLDE77MZ382
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressc/o CORPORATION SERVICE COMPANY, 251 LITTLE FALLS DRIVE, 19808 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 48018942
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Actual events, results and outcomes may differ materially from our expectations due to a variety of factors. Although it is not possible to identify all of these factors, they include, among others, (i) our ability to complete the Merger with CECO Environmental Corp.; (ii) the incurrence of significant direct and indirect costs as a result of the transaction with CECO Environmental Corp.; (iii) the possibility that we may be subject to lawsuits relating to the Merger with CECO Environmental Corp.; (iv) market price fluctuations and uncertainty in the market value of consideration that our common stock holders will receive in the Merger with CECO Environmental Corp.; (v) future growth of our key end markets and related capital investments; (vi) our ability to operate successfully in foreign countries; (vii) uncertainty over and changes in administrative policy; (viii) general economic con…6 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue55¢$293.2M
- Research and development2¢$9.5M
- Selling, general and admin30¢$158.3M
- Other costs2¢$11.0M
- Income tax4¢$19.7M
- Profit8¢$44.6M
Out of $536.3M in revenue.3
Where each dollar of operating cash went, fiscal 2026
- Capital spending30¢$13.9M
- Share buybacks34¢$15.8M
- Kept or used elsewhere37¢$17.1M
Out of $46.8M of cash from operations.3
Financial statements
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $412.6M7 | $383.5M8 | $276.2M9 | $355.7M10 | $440.6M11 | $494.6M3 | $498.2M3 | $536.3M3 |
| Cost of revenue | $236.7M7 | $221.8M8 | $159.3M9 | $215.6M10 | $255.5M11 | $283.1M3 | $275.3M3 | $293.2M3 |
| Gross profit | $175.9M7 | $161.6M8 | $116.9M9 | $140.1M10 | $185.1M11 | $211.6M3 | $222.9M3 | $243.1M3 |
| Research and development | $6.3M7 | $8.4M8 | $7.5M9 | $6.4M10 | $10.6M11 | $9.8M3 | $9.4M3 | $9.5M3 |
| Selling, general and admin | $106.7M7 | $111.6M8 | $89.8M9 | $93.1M10 | $117.0M11 | $123.8M3 | $129.3M3 | $158.3M3 |
| Operating income | $48.5M7 | $32.7M8 | $7.4M9 | $38.4M10 | $55.2M11 | $75.4M3 | $79.8M3 | $70.7M3 |
| Interest | $15.7M7 | $14.0M8 | $10.2M9 | $5.8M9 | $5.9M9 | |||
| Income before tax | $28.4M10 | $49.2M11 | $67.7M3 | $70.1M3 | $64.2M3 | |||
| Income tax | $10.0M7 | $5.1M8 | -$1.5M9 | $8.3M10 | $15.6M11 | $16.1M3 | $16.6M3 | $19.7M3 |
| Net income | $23.2M7 | $11.9M8 | $877.0K9 | $20.1M10 | $33.7M11 | $51.6M3 | $53.5M3 | $44.6M3 |
| Earnings per share | $0.707 | $0.368 | $0.039 | $0.6010 | $1.0111 | $1.533 | $1.593 | $1.373 |
| Earnings per share (diluted) | $0.697 | $0.368 | $0.039 | $0.6010 | $1.0011 | $1.513 | $1.573 | $1.363 |
| Shares (weighted, basic) | 33.3M shares10 | 33.5M shares11 | 33.7M shares3 | 33.7M shares3 | 32.5M shares3 | |||
| Shares (weighted, diluted) | 33.5M shares10 | 33.7M shares11 | 34.1M shares3 | 34.1M shares3 | 32.8M shares3 |
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash | $31.4M14 | $43.2M7 | $40.1M8 | $41.4M9 | $35.6M10 | $48.6M11 | $39.5M3 | $52.3M3 |
| Receivables | $95.3M9 | $97.6M10 | $107.3M11 | $109.8M3 | $125.4M3 | |||
| Inventory | $71.7M9 | $82.1M10 | $86.3M11 | $89.0M3 | $118.1M3 | |||
| Current assets | $239.8M14 | $217.9M7 | $206.8M8 | $244.4M9 | $250.9M10 | $274.6M11 | $274.3M3 | $341.2M3 |
| Property, plant and equipment | $66.0M9 | $63.3M10 | $68.3M10 | |||||
| Goodwill | $212.8M10 | $219.6M11 | $270.8M3 | $264.3M3 | $269.0M3 | |||
| Intangible assets | $94.9M9 | $94.0M10 | $127.1M11 | $115.3M3 | $103.7M3 | |||
| Total assets | $655.8M14 | $620.9M7 | $617.9M8 | $636.7M9 | $649.6M10 | $767.7M11 | $755.5M3 | $830.6M3 |
| Accounts payable | $33.6M9 | $27.3M10 | $31.4M11 | $31.2M3 | $41.1M3 | |||
| Current liabilities | $73.3M14 | $60.6M7 | $52.8M8 | $81.0M9 | $110.1M10 | $109.3M11 | $112.7M3 | $126.8M3 |
| Long-term debt | $206.5M15 | $176.0M14 | $148.5M7 | $129.0M8 | $87.7M10 | $152.0M11 | $120.4M3 | $113.6M3 |
| Total liabilities | $306.8M14 | $274.5M7 | $239.0M8 | $237.5M9 | $230.6M10 | $292.9M11 | $260.1M3 | $291.9M3 |
| Retained earnings | $203.5M9 | $237.2M10 | $288.8M11 | $342.3M3 | $386.9M3 | |||
| Shareholders’ equity | $344.7M14 | $346.4M14 | $378.9M10 | $399.2M11 | $419.0M3 | $474.9M3 | $495.3M3 | $538.7M3 |
| Shares outstanding | 32.6M shares15 | 33.0M shares14 | 33.2M shares7 | 33.4M shares8 | 33.5M shares9 | 33.8M shares10 | 33.1M shares11 | 32.9M shares3 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $23.2M7 | $70.7M8 | $30.3M9 | $28.8M10 | $57.7M11 | $66.0M3 | $63.1M3 | $46.8M3 |
| Depreciation and amortization | $20.2M10 | $19.2M11 | $18.8M3 | $22.3M3 | $22.5M3 | |||
| Stock-based compensation | $3.8M10 | $6.0M11 | $5.8M3 | $5.2M3 | $8.2M3 | |||
| Capital spending | $12.0M7 | $10.9M8 | $8.1M9 | $5.2M10 | $9.5M11 | $11.0M3 | $10.2M3 | $13.9M3 |
| Free cash flow | $11.2M | $59.9M | $22.2M | $23.5M | $48.3M | $54.9M | $52.9M | $32.9M |
| Cash from investing | -$4.5M10 | -$44.6M11 | -$109.5M3 | -$15.0M3 | -$13.1M3 | |||
| Share buybacks | $010 | $011 | $250.0K3 | $20.1M3 | $15.8M3 | |||
| Cash from financing | -$22.7M10 | -$13.5M11 | $56.5M3 | -$56.4M3 | -$17.3M3 |
Corporate structure
Thermon Group Holdings, Inc. sits at the top of its group. 25 entities, 13 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Thermon Group Holdings, Inc.
- GLAZER CAPITAL, LLC Filed SCHEDULE 13G/A on Thermon Group Holdings, Inc., latest Aug 13, 2026 (2 filings since May 27, 2026)
- FMR LLC Filed SCHEDULE 13G/A on Thermon Group Holdings, Inc., latest Aug 6, 2026 (4 filings since Feb 9, 2024)
- DIMENSIONAL FUND ADVISORS LP Filed SCHEDULE 13G/A on Thermon Group Holdings, Inc., latest Jul 14, 2026 (2 filings since Feb 9, 2024)
- VANGUARD GROUP INC Filed SCHEDULE 13G/A on Thermon Group Holdings, Inc., latest Mar 27, 2026 (5 filings since Feb 10, 2022)
- T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G/A on Thermon Group Holdings, Inc., latest Nov 14, 2025 (8 filings since Feb 14, 2023)
- VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. Filed SCHEDULE 13G/A on Thermon Group Holdings, Inc., latest May 13, 2025 (4 filings since Feb 11, 2022)
- Harvey Partners, LLC Filed SC 13G/A on Thermon Group Holdings, Inc., latest Feb 14, 2024 (2 filings since Feb 14, 2023)
- Wellington Management Company Filed SC 13G/A on Thermon Group Holdings, Inc., latest Feb 8, 2024 (3 filings since Feb 4, 2022)
- PRICE T ROWE ASSOCIATES INC /MD/ Filed SC 13G/A on Thermon Group Holdings, Inc., latest Aug 10, 2022 (2 filings since Feb 14, 2022)
- Thermon Group Holdings, Inc. San Marcos, Texas, United States
- CCI THERMAL TECHNOLOGIES DELAWARE, INC. Subsidiary · Delaware, United States
- FABBRICA APPARECCHIATURE TERMOELETTRICHE INDUSTRIALI – F.A.T.I. – S.r.l. Subsidiary · Italy
- FLATWORK TECHNOLOGIES, LLC Subsidiary · Nevada, United States
- GREENHEAT IP HOLDINGS, LLC Subsidiary · Utah, United States
- HEAT AUTHORITY, LLC Subsidiary · Utah, United States
- THERMON (U.K.) LIMITED Subsidiary · United Kingdom
- THERMON AUSTRALIA PTY. LTD. Subsidiary · Australia
- THERMON CANADA INC. Subsidiary · Alberta, Canada
- THERMON CANADA SERVICES, INC. Subsidiary · Alberta, Canada
- THERMON DEUTSCHLAND GMBH Subsidiary · Germany
- THERMON EUROPE BV Subsidiary · Netherlands
- THERMON FRANCE SAS Subsidiary · France
- THERMON HEAT TRACING & ENGINEERING (SHANGHAI) CO. LTD. Subsidiary · Taiwan
- THERMON HEAT TRACING SERVICES - I, INC. Subsidiary · Texas, United States
- THERMON HEATING SYSTEMS USA, INC. Subsidiary · Colorado, United States
- THERMON HOLDING CORP. Subsidiary · Delaware, United States
- THERMON JAPAN LIMITED Subsidiary · Japan
- THERMON KOREA, LTD Subsidiary · South Korea
- THERMON MIDDLE EAST HEATING SOLUTIONS - L.L.C. Subsidiary · United Arab Emirates
- THERMON MIDDLE EAST WLL Subsidiary · Bahrain
- THERMON, INC. Subsidiary · Texas, United States
- VAPOR POWER INTERNATIONAL, LLC Subsidiary · Delaware, United States
- VPI PRECISION HOLDINGS, LLC Subsidiary · Delaware, United States
- WARMGUARD, LLC Subsidiary · Utah, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Thermon Group Holdings, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $81.9M3 Mar 31, 2026 | $75.8M3 Mar 31, 2025 | +8.1% |
| Finance-lease assets | $776.0K3 Mar 31, 2026 | $545.0K3 Mar 31, 2025 | +42.4% |
| Operating-lease assets (leased space) | $14.8M3 Mar 31, 2026 | $11.2M3 Mar 31, 2025 | +32.1% |
Real estate and locations
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $52.3M3 Mar 31, 2026 | $39.5M3 Mar 31, 2025 | +32.2% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $269.0M3 Mar 31, 2026 | $264.3M3 Mar 31, 2025 | +1.8% |
| Intangible assets, net (excluding goodwill) | $103.7M3 Mar 31, 2026 | $115.3M3 Mar 31, 2025 | −10.1% |
| Accumulated amortization | $180.4M3 Mar 31, 2026 | $164.0M3 Mar 31, 2025 | +10.0% |
| Finite-lived intangibles, net | $62.2M3 Mar 31, 2026 | $74.6M11 Mar 31, 2025 | −16.7% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $118.1M3 Mar 31, 2026 | $89.0M3 Mar 31, 2025 | +32.8% |
| Raw materials | $77.3M3 Mar 31, 2026 | $56.3M3 Mar 31, 2025 | +37.3% |
| Work in process | $18.5M3 Mar 31, 2026 | $12.4M3 Mar 31, 2025 | +48.8% |
| Finished goods | $27.0M3 Mar 31, 2026 | $23.6M3 Mar 31, 2025 | +14.8% |
Properties, in its own words
Our headquarters and principal executive offices are located at 7171 Southwest Parkway, Building 300, Austin, Texas.
Our principal manufacturing and warehousing operations are located at our facilities in San Marcos, Texas. We own our principal manufacturing and warehousing facilities, and lease one ancillary manufacturing facility in San Marcos, Texas. All our reportable segments utilize our San Marcos, Texas facilities. In addition, we have offices and/or manufacturing and assembly locations in Chicago, Illinois, Morristown, Tennessee, Houston, Texas, Salt Lake City, Utah, Canada, the Netherlands, France, Italy, United Kingdom, Germany, Mexico, China, Korea, Japan, India, Australia, and Bahrain. All our manufacturing facilities are registered to International Organization for Standardization (ISO) 9001 quality standards. We believe that our production facilities are suitable for their purpose and are adequate to support our businesses.
Item 2 of the 10-K filed May 21, 2026.6
Leadership
Who has led Thermon Group Holdings, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerBruce Thames Apr 28, 2016 to now16
- Chief executive officerRodney L. Bingham May 4, 2011 to Apr 26, 201617
- PresidentBruce Thames Apr 28, 2016 to now16
- PresidentRodney L. Bingham May 4, 2011 to Apr 26, 201617
- Chief financial officerJan L. Schott Oct 24, 2024 to now18
- Chief financial officerKevin Fox Jun 3, 2021 to Feb 6, 202419
- Chief financial officerJay Peterson May 4, 2011 to Jul 2, 202020
- Chief operating officerThomas N. Cerovski Jun 3, 2026 to now21
- Chief operating officerBruce Thames Apr 28, 2015 to Jan 13, 201622
Board members and other officers (27)
- VP, Corporate ControllerThomas Gregory Lucas Apr 12, 2024 to now23
- SVP, OperationsKuahara Roberto Feb 23, 2022 to now24
- VP - Corporate DevelopmentKevin Fox Jan 28, 2020 to Feb 2, 202125
- SVP, Global SalesThomas N. Cerovski Jan 16, 2019 to now26
- SVP, Thermon Heat TracingDavid Buntin May 28, 2019 to now27
- SVP, Thermon Heating SystemsJames Pribble May 28, 2019 to Jul 2, 202028
- SVP, Global EngineeringMark John Roberts May 28, 2019 to now29
- SVP Global Sales and MarketingEric Reitler Apr 10, 2015 to Jan 4, 201930
- SVP Global Corp DevelopmentGeoffrey Demartino Apr 10, 2015 to Jan 13, 201631
- Exec. VP - Global SalesGeorge P. Alexander May 4, 2011 to Jun 5, 201532
- Board memberVictor L. Richey Jr. Dec 7, 2023 to now33
- Board memberAngela Strzelecki Sep 6, 2022 to now34
- Board memberJohn U. Clarke Jul 26, 2019 to now35
- Board memberRoger L. Fix Jul 26, 2019 to now36
- Board memberLinda Dalgetty May 3, 2018 to now37
- Board memberBruce Thames Apr 28, 2016 to now16
- Board memberJohn T. Nesser Iii. Jun 25, 2012 to Oct 2, 202438
- Board memberKevin J. McGinty Jun 25, 2012 to Oct 2, 202439
- Board memberCharles A. Sorrentino May 4, 2011 to Jul 2, 202040
- Board memberDaniel J. Hennessy May 4, 2011 to May 4, 201141
- Board memberGeorge P. Alexander May 4, 2011 to May 6, 201132
- Board memberMarcus J. George May 4, 2011 to now42
- Board memberRichard E. Goodrich May 4, 2011 to Jan 4, 201943
- Board memberRodney L. Bingham May 4, 2011 to Apr 26, 201617
- Board memberMichael W. Press May 11, 2011 to Jan 5, 202144
- Board memberStephen A. Snider Jun 7, 2011 to Apr 2, 201945
- General counselTarkington Ryan May 28, 2019 to now46
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- CCI THERMAL TECHNOLOGIES DELAWARE, INC. Delaware, United States5
- FABBRICA APPARECCHIATURE TERMOELETTRICHE INDUSTRIALI – F.A.T.I. – S.r.l. Italy5
- FLATWORK TECHNOLOGIES, LLC Nevada, United States5
- GREENHEAT IP HOLDINGS, LLC Utah, United States5
- HEAT AUTHORITY, LLC Utah, United States5
- THERMON (U.K.) LIMITED United Kingdom5
- THERMON AUSTRALIA PTY. LTD. Australia5
- THERMON CANADA INC. Alberta, Canada5
- THERMON CANADA SERVICES, INC. Alberta, Canada5
- THERMON DEUTSCHLAND GMBH Germany5
- THERMON EUROPE BV Netherlands5
- THERMON FRANCE SAS France5
- THERMON GROUP HOLDINGS, INC. Delaware, United States5
- THERMON HEAT TRACING & ENGINEERING (SHANGHAI) CO. LTD. Republic of China5
- THERMON HEAT TRACING SERVICES - I, INC. Texas, United States5
- THERMON HEATING SYSTEMS USA, INC. Colorado, United States5
- THERMON HOLDING CORP. Delaware, United States5
- THERMON JAPAN LIMITED Japan5
- THERMON KOREA, LTD Republic of Korea5
- THERMON MIDDLE EAST HEATING SOLUTIONS - L.L.C. United Arab Emirates5
- THERMON MIDDLE EAST WLL Bahrain5
- THERMON, INC. Texas, United States5
- VAPOR POWER INTERNATIONAL, LLC Delaware, United States5
- VPI PRECISION HOLDINGS, LLC Delaware, United States5
All 25 listed subsidiaries
- WARMGUARD, LLC Utah, United States5
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Jun 1, 20268-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer47
- May 28, 20268-K Shareholder vote; Regulation FD disclosure48
- May 19, 20268-K Results of operations49
- Apr 20, 20268-K Regulation FD disclosure50
- Mar 23, 20268-K Regulation FD disclosure51
- Feb 24, 20268-K Entered a material agreement; Regulation FD disclosure52
- Feb 5, 20268-K Results of operations; Regulation FD disclosure53
- Nov 6, 20258-K Results of operations; Regulation FD disclosure54
- Aug 7, 20258-K Results of operations; Regulation FD disclosure55
- Jul 30, 20258-K Shareholder vote56
- Jul 29, 20258-K Entered a material agreement; New debt or obligation57
- Jul 15, 20258-K Executive or director change; Regulation FD disclosure58
- Apr 28, 2016New chief executive Bruce Thames becomes CEO16
- May 4, 2011New chief executive Rodney L. Bingham becomes CEO17
Calendar
When it reported results
- May 19, 2026Reported quarterly or annual results49
- Feb 5, 2026Reported quarterly or annual results53
- Nov 6, 2025Reported quarterly or annual results54
- Aug 7, 2025Reported quarterly or annual results55
- May 22, 2025Reported quarterly or annual results59
- Feb 6, 2025Reported quarterly or annual results60
- Nov 8, 2024Reported quarterly or annual results61
- Nov 7, 2024Reported quarterly or annual results62
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
377 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 45 major events, 251 insider forms, 32 large holders, 30 other. The latest 20:
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 6, 2026SCHEDULE 13G/A EDGAR
- Jul 14, 2026SCHEDULE 13G/A EDGAR
- Jun 17, 202615-12G EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 3, 20264 EDGAR
- Jun 2, 2026S-8 POS EDGAR
- Jun 2, 2026S-8 POS EDGAR
The 377 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
21 open-market trades by officers, directors and large owners since October 2021: 14 buys and 7 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Feb 10, 2025 | Cerovski Thomas NSVP, Chief Operating Officer | Buy | 500 | $27.72 | $13.9K | Form 4 |
| Dec 12, 2024 | Buntin DavidSVP, Products & Technology | Sale | 28,137 | $32.15 | $904.6K | Form 4 |
| Nov 27, 2024 | Roberto KuaharaSVP, Operations | Sale | 300 | $31.37 | $9.4K | Form 4 |
| Jun 3, 2024 | MCGINTY KEVIN JDirector | Sale | 5,000 | $32.84 | $164.2K | Form 4 |
| May 31, 2024 | NESSER JOHN T IIIDirector | Sale | 6,000 | $33.60 | $201.6K | Form 4 |
| May 31, 2024 | Roberts Mark JohnSVP, Global Engineering | Sale | 2,910 | $33.35 | $97.0K | Form 4 |
| Feb 6, 2024 | FIX ROGER LDirector | Buy | 1,555 | $25.70 | $40.0K | Form 4 |
| Feb 6, 2024 | Fox KevinSVP - Chief Financial Officer | Buy | 1,000 | $24.84 | $24.8K | Form 4 |
| Feb 5, 2024 | Thames BrucePresident & CEO | Buy | 2,040 | $24.51 | $50.0K | Form 4 |
| Feb 5, 2024 | CLARKE JOHN UDirector | Buy | 5,000 | $25.01 | $125.0K | Form 4 |
| Nov 16, 2023 | MCGINTY KEVIN JDirector | Sale | 5,000 | $32.00 | $160.0K | Form 4 |
| Aug 9, 2023 | NESSER JOHN T IIIDirector | Buy | 1,973 | $26.38 | $52.0K | Form 4 |
| Aug 7, 2023 | Fox KevinSVP - Chief Financial Officer | Buy | 990 | $25.92 | $25.7K | Form 4 |
| Feb 10, 2023 | Harris-Peterson CandaceSVP, Human Resources | Sale | 6,358 | $27.15 | $172.6K | Form 4 |
| Nov 8, 2022 | NESSER JOHN T IIIDirector | Buy | 1,959 | $18.80 | $36.8K | Form 4 |
| Aug 9, 2022 | NESSER JOHN T IIIDirector | Buy | 845 | $16.67 | $14.1K | Form 4 |
| Jun 15, 2022 | Thames BrucePresident & CEO | Buy | 3,150 | $15.49 | $48.8K | Form 4 |
| Jun 14, 2022 | Fox KevinSVP - Chief Financial Officer | Buy | 1,580 | $15.40 | $24.3K | Form 4 |
| Jun 8, 2022 | NESSER JOHN T IIIDirector | Buy | 3,500 | $16.35 | $57.2K | Form 4 |
| Jun 3, 2022 | NESSER JOHN T IIIDirector | Buy | 3,637 | $15.55 | $56.6K | Form 4 |
All 21 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- GLAZER CAPITAL, LLCSCHEDULE 13G/A, 2 filings May 27, 2026 to Aug 13, 202663
- FMR LLCSCHEDULE 13G/A, 4 filings Feb 9, 2024 to Aug 6, 202664
- DIMENSIONAL FUND ADVISORS LPSCHEDULE 13G/A, 2 filings Feb 9, 2024 to Jul 14, 202665
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Feb 10, 2022 to Mar 27, 202666
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G/A, 8 filings Feb 14, 2023 to Nov 14, 202567
- VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V.SCHEDULE 13G/A, 4 filings Feb 11, 2022 to May 13, 202568
- Harvey Partners, LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 14, 202469
- Wellington Management CompanySC 13G/A, 3 filings Feb 4, 2022 to Feb 8, 202470
- PRICE T ROWE ASSOCIATES INC /MD/SC 13G/A, 2 filings Feb 14, 2022 to Aug 10, 202271
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Bruce ThamesPresident & CEO | 62 | $715.0K | $2.6M72 |
| 2025 | Jan SchottSVP, CFO | $207.1K | $980.4K72 | |
| 2025 | Thomas CerovskiSVP, Global Business Units | $379.3K | $915.1K72 | |
| 2025 | Mark RobertsSVP, THS & Engineering | $352.2K | $805.5K72 | |
| 2025 | Roberto KuaharaSVP, Global Operations | $353.5K | $805.0K72 | |
| 2025 | Greg Lucas5 VP, CAO | $268.7K | $662.8K72 | |
| 2025 | Kevin Fox4 SVP, CFO | $13.2K | $13.9K72 | |
| 2024 | Bruce ThamesPresident & CEO | 62 | $690.0K | $2.6M72 |
| 2024 | Thomas CerovskiSVP, Global Business Units | $361.1K | $844.3K72 | |
| 2024 | Mark RobertsSVP, THS & Engineering | $340.6K | $749.4K72 | |
| 2024 | Kevin Fox4 SVP, CFO | $388.8K | $745.5K72 | |
| 2024 | Roberto KuaharaSVP, Global Operations | $340.8K | $740.5K72 | |
| 2023 | Bruce ThamesPresident & CEO | 62 | $665.0K | $3.4M72 |
| 2023 | Roberto KuaharaSVP, Global Operations | $308.2K | $1.2M72 | |
| 2023 | Kevin Fox4 SVP, CFO | $364.9K | $1.2M72 | |
| 2023 | Thomas CerovskiSVP, Global Business Units | $332.1K | $1.1M72 | |
| 2023 | Mark RobertsSVP, THS & Engineering | $326.8K | $922.8K72 |
SEC filer profile
How Thermon Group Holdings, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARThermon Group Holdings, Inc.1
- CIK0001489096
- Employer ID (EIN)27-22281856
- Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
- Incorporated inDelaware6
- Fiscal year endsMarch 311
- Industry code (SIC)3620 Electrical Industrial Apparatus1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business address7171 Southwest Parkway, Building 300, Suite 200, Austin, TX 787351
- Phone51269006001
- Shares outstanding32,939,694 shares as of May 20, 20266
- Public float$851.7M as of Sep 30, 20256
- AuditorKPMG LLP, Austin, Texas PCAOB ID 185; it also attests to the company’s internal control over financial reporting6
- On EDGAR sinceApr 12, 20101
- Filings1,181 in all: 4 (678), 8-K (137), SC 13G/A (69), 10-Q (45), 3 (35), SC 13G (31), 4/A (23), UPLOAD (17)1
All 38 form types
10-K (16), 425 (15), CORRESP (15), DEF 14A (14), DEFA14A (14), SD (13), SCHEDULE 13G/A (12), 144 (5), 8-K/A (5), EFFECT (4), S-1/A (4), S-3 (3), S-8 (3), S-8 POS (3), 10-K/A (2), 10-Q/A (2), 424B5 (2), S-3/A (2), 15-12G (1), 25-NSE (1), 424B4 (1), 8-A12B (1), CERTNYS (1), D (1), D/A (1), DEFM14A (1), NT 10-K (1), PRE 14A (1), S-1 (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) May 21, 2026
Quarterly report (10-Q) Feb 5, 2026
Proxy statement (DEF 14A) Jun 18, 2025
Latest 8-K (8-K) Jun 1, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value per share | THR | New York Stock Exchange |
From the cover page of the 10-K filed May 21, 2026 (Section 12(b) of the Exchange Act).6
Risk factors and legal proceedings
The risks Thermon Group Holdings, Inc. names in Item 1A of its 10-K filed May 21, 2026: 38 risks under these headings, as written.6
- Risks Relating to the Pending Merger with CECO Environmental
- The completion of the Merger is subject to the satisfaction or waiver of various closing conditions, and there can be no assurances as to whether and when the Merger will be completed.
- CECO and Thermon will incur significant direct and indirect costs as a result of the Merger, regardless of whether the Merger is completed.
- CECO and Thermon may be subject to litigation related to the Merger, which could result in substantial costs and prevent or delay the completion of the Merger.
- Because the market price of CECO common stock will fluctuate, Thermon stockholders cannot be sure of the exact value of the stock consideration or mixed consideration they will receive.
- Risks Related to Our Business and Industry
- Macroeconomic and Industry Risks
- Suspensions and delays in large capital projects, especially in the United States and Canada, have adversely affected our results of operations in recent years. Continued significant volatility in these capital projects could further decrease demand for some of our products and services and adversely affect our business, financial condition and results of operations.
- As a global business, we are exposed to economic, political and other risks in a number of countries, which could materially reduce our revenues, profitability, cash flows, or materially increase our liabilities. If we are unable to continue operating successfully in one or more foreign countries, it may have an adverse effect on our business and financial condition.
- Uncertainty over and changes in government administrative policy, including changes to existing trade agreements and government sanctions, including the recently enacted tariffs on trade between the U.S. and other countries, could have a material adverse effect on our business, results of operations and financial condition.
- The markets we serve are subject to general economic conditions and cyclical demand, which could harm our business and lead to significant shifts in our results of operations from quarter to quarter that make it difficult to project long-term performance.
- Business Risks
The other 30 risks
- If we are unable to successfully develop and improve our products and successfully implement new technologies in the markets that we serve and develop solutions for diversified new markets, our business and results of operations could be adversely affected.
- We may be unable to compete successfully in the highly competitive markets in which we operate.
- Our backlog may fluctuate and a failure to deliver our backlog on time could affect our future sales, profitability and our relationships with our customers, and if we were to experience a material amount of modifications or cancellations of orders, our sales could be negatively impacted.
- Our future revenue depends in part on our ability to bid and win new contracts. Our failure to effectively obtain future contracts could adversely affect our profitability.
- Our current or future indebtedness could impair our financial condition and reduce the funds available to us for other purposes. Our debt agreements impose certain operating and financial restrictions, with which failure to comply could result in an event of default that could adversely affect our results of operations.
- Our gross margins depend, in part, on our revenue mix. Although large project revenues, which provide for an ongoing stream of future high-margin revenues, are critical to our success and growth, increased large project revenues can adversely affect our gross margin.
- Our business strategy includes growth and product diversification through strategic acquisitions. These acquisitions and investments could be unsuccessful or consume significant resources, which could adversely affect our results of operations.
- We carry insurance against many potential liabilities, but our management of risk may leave us exposed to unidentified or unanticipated risks.
- Volatility in currency exchange rates may adversely affect our financial condition, results of operations or cash flows.
- Additional liabilities related to taxes, potential tax adjustments or changes to tax policy in foreign jurisdictions could adversely impact our financial results, financial condition and cash flows.
- We have significant goodwill and other intangible assets and future impairment of our goodwill and other intangible assets could have a material negative impact on our financial results.
- If we lose our senior management or other key employees or cannot successfully execute succession plans, our business may be adversely affected.
- We rely heavily on trade secrets to gain a competitive advantage in the market and the unenforceability of our nondisclosure agreements may adversely affect our operations.
- Intellectual property challenges may hinder our ability to develop, engineer and market our products, and we may incur significant costs in our efforts to successfully avoid, manage, defend and litigate intellectual property matters.
- Operational Risks
- Breaches of our information technology systems could occur that materially damage business partner and customer relations and subject us to significant reputational, financial, legal and operational consequences.
- A material disruption at any of our manufacturing facilities could adversely affect our financial performance and results of operations.
- Our dependence on subcontractors and third-party suppliers could adversely affect our results of operations.
- We may lose money on fixed-price contracts, and we are exposed to liquidated damages charges and warranty claims in many of our customer contracts.
- We extend credit to customers in conjunction with our performance under fixed-price contracts which subjects us to potential credit risks.
- We may not achieve some or all of the expected benefits of our operational initiatives.
- Unforeseen difficulties with expansions, relocations or consolidations of existing facilities could adversely affect our operations.
- Legal and Regulatory Risks
- Due to the nature of our business, we may be liable for damages based on product liability claims. We are also exposed to potential indemnity claims from customers for losses due to our work or if our employees are injured performing services.
- We operate in many different jurisdictions and we could be adversely affected by violations of the U.S. Foreign Corrupt Practices Act and similar foreign anti-corruption laws.
- Our international operations and non-U.S. subsidiaries are subject to a variety of complex and continually changing laws and regulations and, in particular, export control regulations or sanctions.
- We are subject to numerous environmental and health and safety laws and regulations, as well as potential environmental liabilities, which may require us to make substantial expenditures.
- The effects of climate change and any related regulation of greenhouse gases could have a negative impact on our business.
- Risks Related to Ownership of Our Common Stock
- Our quarterly operating results may vary significantly, which could negatively impact the price of our common stock.
- The market price of our common stock may fluctuate significantly, and this may make it difficult for holders to resell our common stock when they want or at prices that they find attractive.
- Anti-takeover provisions contained in our charter and bylaws could impair a takeover attempt that our stockholders may find beneficial.
- We do not currently intend to pay dividends on our common stock and, consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
Legal proceedings
For information on legal proceedings, see Note 14, "Commitments and Contingencies" to our consolidated financial statements contained elsewhere in this annual report, which is hereby incorporated by reference into this Item 3.
The opening of Item 3, Legal Proceedings.6
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 19SEC EDGARKevin Fox, Chief financial officer
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- 24SEC EDGARKuahara Roberto, SVP, Operations
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- 33SEC EDGARVictor L. Richey Jr., Board member
- 34SEC EDGARAngela Strzelecki, Board member
- 35SEC EDGARJohn U. Clarke, Board member
- 36SEC EDGARRoger L. Fix, Board member
- 37SEC EDGARLinda Dalgetty, Board member
- 38SEC EDGARJohn T. Nesser Iii., Board member
- 39SEC EDGARKevin J. McGinty, Board member
- 40SEC EDGARCharles A. Sorrentino, Board member
- 41SEC EDGARDaniel J. Hennessy, Board member
- 42SEC EDGARMarcus J. George, Board member
- 43SEC EDGARRichard E. Goodrich, Board member
- 44SEC EDGARMichael W. Press, Board member
- 45SEC EDGARStephen A. Snider, Board member
- 46SEC EDGARTarkington Ryan, General counsel
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- 49SEC EDGARResults of operations
- 50SEC EDGARRegulation FD disclosure
- 51SEC EDGARRegulation FD disclosure
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- 56SEC EDGARShareholder vote
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