| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 29,748 | 36,530 | ||
| Accounts receivable, net of allowances of 1,021 and 1,230 as of september 30, 2025 and march 31, 2025, respectively | 102,125 | 100,718 | ||
| Inventories, net | 110,977 | 104,924 | ||
| Contract assets | 25,212 | 16,440 | ||
| Prepaid expenses and other current assets | 20,644 | 14,089 | ||
| Income tax receivable | 147 | 165 | ||
| Total current assets | 288,853 | 272,866 | ||
| Property, plant and equipment, net of depreciation and amortization of 79,782 and 75,773 as of september 30, 2025 and march 31, 2025, respectively | 76,541 | 75,653 | ||
| Goodwill | 269,805 | 271,790 | ||
| Intangible assets, net | 110,451 | 114,619 | ||
| Operating lease right-of-use assets | 10,384 | 10,501 | ||
| Deferred income taxes | 1,284 | 878 | ||
| Other non-current assets | 20,866 | 19,035 | ||
| Total assets | 778,184 | 765,342 | ||
| Accounts payable | 41,329 | 33,314 | ||
| Accrued liabilities | 32,128 | 31,017 | ||
| Current portion of long-term debt | 6,250 | 18,000 | ||
| Borrowings under revolving credit facility | - | 5,000 | ||
| Contract liabilities | 16,857 | 19,331 | ||
| Lease liabilities | 3,827 | 3,694 | ||
| Income taxes payable | 2,067 | 2,142 | ||
| Total current liabilities | 102,458 | 112,498 | ||
| Borrowings under revolving credit facility | 14,700 | - | ||
| Long-term debt, net | 118,087 | 115,959 | ||
| Deferred income taxes | 9,584 | 9,911 | ||
| Non-current lease liabilities | 8,755 | 8,795 | ||
| Other non-current liabilities | 9,370 | 8,869 | ||
| Total liabilities | 262,954 | 256,032 | ||
| Common stock 0.001 par value 150,000,000 shares authorized 34,138,203 issued and 32,835,035 outstanding at september 30, 2025, and 33,945,413 issued and 33,243,370 outstanding at march 31, 2025 | 33 | 33 | ||
| Additional paid in capital | 246,287 | 244,348 | ||
| Treasury stock | 36,162 | 30,155 | ||
| Accumulated other comprehensive loss | -60,761 | -55,795 | ||
| Retained earnings | 365,833 | 350,879 | ||
| Total equity | 515,230 | 509,310 | ||
| Total liabilities and equity | 778,184 | 765,342 | ||
Thermon Group Holdings, Inc. (THR)
Thermon Group Holdings, Inc. (THR)