Thermon Q3 2023: Equity Shifts from Stock Awards
Ticker: THR · Form: 10-Q · Filed: 2024-02-01T00:00:00.000Z
Sentiment: neutral
Topics: earnings, equity, compensation, 10-Q
TL;DR
**Thermon's equity saw shifts from employee and director stock awards in Q3 2023.**
AI Summary
Thermon Group Holdings, Inc. filed its 10-Q for the period ending December 31, 2023, on February 1, 2024. The filing details changes in shareholder equity, including common stock, additional paid-in capital, retained earnings, and accumulated other comprehensive income. For instance, common stock increased due to employee and director stock awards during the nine months ended December 31, 2023. This matters to investors because it provides transparency into the company's financial health and how shareholder value is being managed, particularly through equity compensation and retained earnings, which can impact future dividends or share buybacks.
Why It Matters
Understanding changes in shareholder equity helps investors gauge how the company is financing operations and compensating its leadership, directly impacting per-share value.
Risk Assessment
Risk Level: low — This filing primarily details equity changes, which are standard disclosures and do not inherently indicate high risk.
Analyst Insight
An investor should review the detailed Statement of Changes in Equity to understand the magnitude of stock-based compensation and its dilutive effect, if any, on existing shareholders.
Key Players & Entities
- Thermon Group Holdings, Inc. (company) — the filer of the 10-Q
- December 31, 2023 (date) — the end of the reporting period
- February 1, 2024 (date) — the filing date of the 10-Q
- employees (person) — recipients of common stock awards
- directors (person) — recipients of common stock awards
FAQ
What is the fiscal year end for Thermon Group Holdings, Inc.?
Thermon Group Holdings, Inc.'s fiscal year ends on March 31, as indicated by 'FISCAL YEAR END: 0331' in the filing.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on February 1, 2024, as stated by 'FILED AS OF DATE: 20240201'.
What is the Central Index Key (CIK) for Thermon Group Holdings, Inc.?
The Central Index Key (CIK) for Thermon Group Holdings, Inc. is 0001489096, as specified in the 'CENTRAL INDEX KEY' field.
What was the primary reason for changes in common stock during the period from April 1, 2023, to June 30, 2023?
During the period from April 1, 2023, to June 30, 2023, common stock increased due to awards to employees and executive officers, as indicated by 'us-gaap:CommonStockMember thr:EmployeesMember 2023-04-01 2023-06-30' and 'srt:ExecutiveOfficerMember us-gaap:CommonStockMember 2023-04-01 2023-06-30'.
What is the business address of Thermon Group Holdings, Inc.?
The business address of Thermon Group Holdings, Inc. is 7171 Southwest Parkway, Building 300, Suite 200, Austin, TX 78735, according to the 'BUSINESS ADDRESS' section of the filing.
From the Filing
0001489096-24-000026.txt : 20240201 0001489096-24-000026.hdr.sgml : 20240201 20240201170524 ACCESSION NUMBER: 0001489096-24-000026 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 75 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240201 DATE AS OF CHANGE: 20240201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Thermon Group Holdings, Inc. CENTRAL INDEX KEY: 0001489096 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRICAL INDUSTRIAL APPARATUS [3620] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 272228185 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-35159 FILM NUMBER: 24587808 BUSINESS ADDRESS: STREET 1: 7171 SOUTHWEST PARKWAY STREET 2: BUILDING 300, SUITE 200 CITY: AUSTIN STATE: TX ZIP: 78735 BUSINESS PHONE: 5126900600 MAIL ADDRESS: STREET 1: 7171 SOUTHWEST PARKWAY STREET 2: BUILDING 300, SUITE 200 CITY: AUSTIN STATE: TX ZIP: 78735 10-Q 1 thr-20231231.htm 10-Q thr-20231231 0001489096 3/31 2024 Q3 false 0001489096 2023-04-01 2023-12-31 0001489096 2024-01-31 xbrli:shares 0001489096 2023-12-31 iso4217:USD 0001489096 2023-03-31 iso4217:USD xbrli:shares 0001489096 2023-10-01 2023-12-31 0001489096 2022-10-01 2022-12-31 0001489096 2022-04-01 2022-12-31 0001489096 us-gaap:CommonStockMember 2023-03-31 0001489096 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001489096 us-gaap:RetainedEarningsMember 2023-03-31 0001489096 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-03-31 0001489096 us-gaap:CommonStockMember thr:EmployeesMember 2023-04-01 2023-06-30 0001489096 srt:ExecutiveOfficerMember us-gaap:CommonStockMember 2023-04-01 2023-06-30 0001489096 srt:DirectorMember us-gaap:CommonStockMember 2023-04-01 2023-06-30 0001489096 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0001489096 2023-04-01 2023-06-30 0001489096 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0001489096 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-01 2023-06-30 0001489096 us-gaap:CommonStockMember 2023-06-30 0001489096 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0001489096 us-gaap:RetainedEarningsMember 2023-06-30 0001489096 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-06-30 0001489096 2023-06-30 0001489096 us-gaap:CommonStockMember thr:EmployeesMember 2023-07-01 2023-09-30 0001489096 srt:DirectorMember us-gaap:CommonStockMember 2023-07-01 2023-09-30 0001489096 us-gaap:AdditionalPaidInCapitalMember 2023-07-01 2023-09-30 0001489096 2023-07-01 2023-09-30 0001489096 us-gaap:RetainedEarningsMember 2023-07-01 2023-09-30 0001489096 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-07-01 2023-09-30 0001489096 us-gaap:CommonStockMember 2023-07-01 2023-09-30 0001489096 us-gaap:CommonStockMember 2023-09-30 0001489096 us-gaap:AdditionalPaidInCapitalMember 2023-09-30 0001489096 us-gaap:RetainedEarningsMember 2023-09-30 0001489096 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-09-30 0001489096 2023-09-30 0001489096 us-gaap:CommonStockMember thr:EmployeesMember 2023-10-01 2023-12-31 0001489096 srt:DirectorMember us-gaap:CommonStockMember 2023-10-01 2023-12-31 0001489096 us-gaap:AdditionalPaidInCapitalMember 2023-10-01 2023-12-31 0001489096 us-gaap:RetainedEarningsMember 2023-10-01 2023-12-31 0001489096 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-10-01 2023-12-31 0001489096 us-gaap:CommonStockMember 2023-12-31 0001489096 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001489096 us-gaap:RetainedEarningsMember 2023-12-31 0001489096 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001489096 us-gaap:CommonStockMember 2022-03-31 0001489096 us-gaap:AdditionalPaidInCapitalMember 2022-03-31 0001489096 us-gaap:RetainedEarningsMember 2022-03-31 0001489096 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-03-31 0001489096 2022-03-31 0001489096 us-gaap:CommonStockMember thr:EmployeesMember 2022-04-01 2022-06-30 0001489096 srt:ExecutiveOfficerMember us-gaap:CommonStockMember 2022-04-01 2022-06-30 0001489096 srt:Directo