Thermon Group Holdings, Inc. (THR) [Rocket]

In millions, except per share items	Mar-31-23	Mar-31-22	Mar-31-21	Mar-31-20	Mar-31-19	Mar-31-18	Mar-31-17	Mar-31-16
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K/A
Revenues:
United States	209.2	154.2	95.4	155.5	165.6	114.5	119.8	126.0
Canada	154.0	115.4	90.9	128.4	127.4	94.4	41.7	56.9
Asia-Pacific	63.8	54.8	51.3	57.5	63.2	60.7	52.6	57.5
Europe	43.2	54.7	54.2	53.8	77.5	68.4	71.1	65.4
Total revenues	440.6	355.7	276.2	383.5	412.6	308.6	264.1	281.9
Revenue growth [+]	23.9%	28.8%	-28.0%	-7.1%	33.7%	16.8%	-6.3%	-8.6%
United States	35.6%	61.6%	-38.6%	-6.1%	44.6%	-4.4%	-5.0%	9.2%
Canada	33.4%	27.1%	-29.2%	0.8%	34.9%	126.3%	-26.7%	-42.2%
Asia-Pacific	16.4%	6.9%	-10.9%	-8.9%	4.0%	15.5%	-8.6%	-17.5%
Europe	-21.2%	1.0%	0.9%	-30.6%	13.4%	-3.9%	8.8%	13.8%
Asia	9.6%	-12.2%	-22.3%	9.0%	34.6%	-0.6%	-6.3%	-9.8%
Cost of goods sold	255.5	215.6	159.3	221.8	236.7	164.8	152.2	150.6
Gross profit	185.1	140.1	116.9	161.6	175.9	143.8	111.9	131.3
Gross margin	42.0%	39.4%	42.3%	42.1%	42.6%	46.6%	42.4%	46.6%
Selling, general and administrative [+]	126.7	100.3	92.6	114.7	116.5	199.3	160.8	84.7
Sales and marketing	117.0	93.1	89.8	111.6	106.7	189.2	155.4	82.9
General and administrative	9.7	7.3	2.8	3.1	9.9	10.1	5.4	1.9
Other selling, general and administrative	117.0	93.1	89.8	111.6	106.7	189.2	155.4	82.9
Other operating expenses	-0.4	1.8	8.2	14.3	10.9	-88.3	-71.4	8.1
EBITDA [+]	78.1	58.2	36.8	60.9	78.5	57.2	40.3	55.9
EBITDA growth	34.2%	58.4%	-39.7%	-22.3%	37.3%	41.9%	-27.9%	-31.2%
EBITDA margin	17.7%	16.4%	13.3%	15.9%	19.0%	18.5%	15.2%	19.8%
Depreciation	9.8	11.4	11.3	10.5	9.2	8.0	6.1	5.3
EBITA	68.3	46.8	25.5	50.4	69.3	49.2	34.2	50.6
EBITA margin	15.5%	13.2%	9.2%	13.2%	16.8%	15.9%	13.0%	17.9%
Amortization of intangibles	9.4	8.8	9.4	17.8	20.8	16.5	11.8	12.1
EBIT [+]	58.9	38.0	16.0	32.7	48.5	32.7	22.4	38.5
EBIT growth	55.0%	137.0%	-50.9%	-32.7%	48.2%	45.9%	-41.7%	-42.6%
EBIT margin	13.4%	10.7%	5.8%	8.5%	11.8%	10.6%	8.5%	13.6%
Non-recurring items [+]	3.7	-0.4	8.6					1.7
Asset impairment								1.7
Interest expense, net [+]	5.9	5.8	10.2	14.0	15.5	8.4	3.0	3.7
Interest expense	5.9	5.8	10.2	14.0	15.7	9.0	3.5	4.1
Interest income					0.2	0.6	0.6	0.4
Other income (expense), net [+]	-0.1	-4.2	2.1	-1.6	0.1	-6.0	-0.4	-0.7
Gain (loss) on debt retirement						-0.4
Other non-ooperating expenses								-0.7
Other	-0.1	-4.2	2.1	-1.6	0.1	-5.6	-0.4	0.7
Pre-tax income	49.2	28.4	-0.6	17.1	33.1	18.4	19.1	32.4
Income taxes	15.6	8.3	-1.5	5.1	10.0	5.2	4.1	8.7
Tax rate	31.6%	29.3%	236.2%	30.1%	30.1%	28.1%	21.5%	26.9%
Minority interest				0.0	0.4	1.3	0.3	0.6
Net income	33.7	20.1	0.9	11.9	22.8	11.9	14.6	23.0
Net margin	7.6%	5.6%	0.3%	3.1%	5.5%	3.9%	5.5%	8.2%

Basic EPS [+]	$1.01	$0.60	$0.03	$0.36	$0.70	$0.37	$0.45	$0.72
Growth	66.8%	2179.1%	-92.7%	-47.8%	90.2%	-18.9%	-36.6%	-53.6%
Diluted EPS [+]	$1.00	$0.60	$0.03	$0.36	$0.69	$0.36	$0.45	$0.71
Growth	66.4%	2179.1%	-92.7%	-47.7%	89.5%	-19.0%	-36.4%	-53.7%


Shares outstanding (basic) [+]	33.5	33.3	33.1	32.8	32.6	32.4	32.3	32.2
Growth	0.5%	0.5%	1.1%	0.6%	0.4%	0.4%	0.4%	0.5%
Shares outstanding (diluted) [+]	33.7	33.5	33.3	33.1	33.1	32.8	32.6	32.6
Growth	0.7%	0.5%	0.6%	0.3%	0.8%	0.5%	0.1%	0.6%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.