Thermon reports FY2026 revenue of $536.3M, up 8%, with pending CECO merger

Thermon delivered full-year revenue growth of 8% to a record $536.3M with Adjusted EBITDA margin expansion to 22.3%, though net income declined 17% year-over-year. The company is pursuing a strategic combination with CECO Environmental expected to close in June 2026, positioning it to capitalize on trends in onshoring, decarbonization, and data center expansion.