Annual report pursuant to Section 13 and 15(d)

Quarterly Results (Unaudited)

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Quarterly Results (Unaudited)
 12 Months Ended
Mar. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results (Unaudited)
Quarterly Results (Unaudited)

The following quarterly results have been derived from unaudited consolidated financial statements that, in the opinion of management, reflect all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of such quarterly information. The operating results for any quarter are not necessarily indicative of the results to be expected for any future period. The unaudited quarterly financial data for each of the eight quarters in the two years ended March 31, 2018 are as follows:

 
 
Three Months Ended
 
 
March 31, 2018
 
December 31, 2017
 
September 30, 2017
 
June 30, 2017
Sales
 
$
102,582

 
$
92,660

 
$
61,631

 
$
51,736

Gross Profit
 
46,823

 
42,214

 
30,960

 
23,814

Income from operations
 
13,553

 
10,210

 
7,417

 
1,558

Net income available to Thermon Group Holdings, Inc.
 
$
6,057

 
$
599

 
$
4,778

 
$
479

 
 
 
 
 
 
 
 
 
Net income per common share
 
 
 
 
 
 
 
 
   Basic
 
$
0.19

 
$
0.02

 
$
0.15

 
$
0.01

   Diluted
 
0.18

 
0.02

 
0.15

 
0.01



 
 
Three Months Ended
 
 
March 31, 2017
 
December 31, 2016
 
September 30, 2016
 
June 30, 2016
Sales
 
$
67,582

 
$
64,340

 
$
68,812

 
$
63,396

Gross Profit
 
28,274

 
28,619

 
28,924

 
26,114

Income from operations
 
5,280

 
7,299

 
5,675

 
4,190

Net income available to Thermon Group Holdings, Inc.
 
$
3,251

 
$
5,358

 
$
3,506

 
$
2,526

 
 
 
 
 
 
 
 
 
Net income per common share
 
 
 
 
 
 
 
 
   Basic
 
$
0.15

 
$
0.17

 
$
0.11

 
$
0.08

   Diluted
 
0.15

 
0.16

 
0.11

 
0.08



The basic and diluted income per common share for each respective three month period is calculated independently. Therefore, the sum of the periods does not necessarily total the full year net income or loss per common share.