Thermon Profit Rises On Lower Expenses, Yet Misses Street

(RTTNews) - Thermon Group Holdings Inc (THR), a provider of highly engineered thermal solutions, Thursday reported fourth-quarter net earnings of $9.6 million or $0.30 per share compared with $5.6 million or $0.18 per share last year.

Results were mainly helped by improved gross margin as well as lower marketing and interest expenses.

Revenues for the quarter were lower at $67.5 million compared with $71.7 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.32 per share on revenues of $72.87 million for the quarter.

Looking ahead to fiscal year 2015, the company expects mid-single digit revenue growth. Analysts expect revenue growth of 4.5%.