Thermon Group Holdings Inc. reported second quarter fiscal 2026 results with revenue of $131.7 million, up 14.9% from the prior year period. Gross profit reached $61.1 million, an increase of 20.0%, with a gross margin of 46.4%. Net income was $15.0 million, up 57.9%, or $0.45 earnings per diluted share. Adjusted net income (non-GAAP) was $18.3 million, up 43.0%, or $0.55 adjusted EPS. Adjusted EBITDA (non-GAAP) was $30.6 million, up 28.6%, with an adjusted EBITDA margin of 23.2%. New orders totaled $131.0 million, with a book-to-bill ratio of 1.0x. The company ended the quarter with a net leverage ratio of 1.0x and $129.1 million in total liquidity. Thermon raised its full-year 2026 financial guidance and repurchased $6 million of shares during the quarter, while maintaining a focus on organic growth and strategic acquisitions.