Earnings Call Summary | Thermon(THR.US) Q1 2025 Earnings Conference
Earnings Call Summary | Thermon(THR.US) Q1 2025 Earnings Conference
Large project revenue declined 34% to $18 million, primarily affected by delays in decision-making in CapEx projects, particularly in the oil and gas sectors.The following is a summary of the Thermon Group Holdings Inc. (THR) Q1 2025 Earnings Call Transcript:
以下是Thermon Group Holdings Inc.（THR）2025 Q1 業績會交流摘要：
Financial Performance:
金融業績：
Q1 2025 revenue reached $115 million, an 8% year-over-year increase, mainly driven by the inclusion of Vapor Power.
Adjusted EBITDA for the quarter was $23.2 million, up from $22.1 million in the previous year, with a margin slightly decreased to 20.2%.
Large project revenue declined 34% to $18 million, primarily affected by delays in decision-making in CapEx projects, particularly in the oil and gas sectors.
OpEx revenues, which are less influenced by economic cycles, increased impressively by over 20% compared to last year, totaling $98 million.
Thermon managed a strong free cash flow of $8.8 million, an improvement of nearly $11 million compared to the previous year.
2025年Q1營業收入達到1.15億美元，同比增長8％，主要由Vapor Power的加入驅動。
本季度調整後的EBITDA爲2320萬美元，比去年的2210萬美元上升，利潤率略有下降，爲20.2％。
大型項目的營業收入下降了34％，至1800萬美元，主要受CapEx項目決策延遲的影響，特別是石油和天然氣行業。
OpEx收入不受經濟週期影響，比去年增長了超過20％，總額達到9800萬美元。
Thermon的自由現金流強勁，爲880萬美元，比去年增長近1100萬美元。
Business Progress:
業務進展：
Successful integration and realization of revenue synergies from the Vapor Power acquisition.
Focused efforts on diversifying end market exposure and growing the installed customer base, achieving a recurrent revenue model.
Implementation of operational excellence strategies like manufacturing rooftop consolidation, anticipating annualized savings of $5.7 million.
當期成功整合Vapor Power並實現收入協同效應。
聚焦於多元化終端市場和增長安裝客戶群體，實現了循環經營模式。
實施運營卓越戰略，如製造業屋頂整合，預計年節省570萬美元。
Opportunities:
機會：
Strong performance in diverse end markets and robust sales pipeline with decarbonization projects, now valued at $320 million.
Continued investment in growth areas like electrification, reflecting positively in Vapor Power's performance.
在多元終端市場表現強勁，具有減排項目的強大銷售管道，目前價值3.2億美元。
持續投資於增長領域，如電氣化，在Vapor Power的表現上取得積極反響。
Risks:
風險：
Continuing uncertainties in large project spending due to macroeconomic conditions and forthcoming elections, impacting decision-making timelines and potentially deferring revenue recognition.
Regional sales declines, with U.S.-LAM and EMEA showing decreased sales by 14% and 19%, respectively.
由於宏觀經濟情況和即將到來的選舉帶來的不確定性，大型項目投資決策時間表受到影響，可能推遲收入確認。
區域性銷售下降，美洲和歐洲、中東、非洲分別減少了14％和19％的銷售額。
More details: Thermon IR
更多詳情：Thermon IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
