Thermon Group Holdings Inc (NYSE:THR) Q1 2023 Earnings Conference Call August 4, 2022 11:00 AM ET

Company Participants

Ivonne Salem - Vice President, FP&A and Investor Relations

Bruce Thames - President, CEO and Director

Kevin Fox - Senior VP and CFO

Conference Call Participants

Jon Braatz - Kansas City Capital

Brian Drab - William Blair

Operator

Greetings, ladies and gentlemen, and welcome to the Thermon Group Holdings First Quarter Fiscal 2023 Conference Call. [Operator Instructions] Please note that this conference is being recorded.

I will now turn the conference over to our host, Ivonne Salem, Vice President, FP&A and Investor Relations. Thank you. You may begin.

Ivonne Salem

Thank you, Diego. Good morning, and thank you for joining today's fiscal 2023 first quarter conference call. Earlier this morning, we issued an earnings press release, which has been filed with the SEC on Form 8-K and is also available on the Investor Relations section of our website. Additionally, the slides for this conference call can be found in our IR website under News and Events, IR Calendar, Earnings Conference Call Q1 2023.

During the call, we will discuss some items that do not conform to generally accepted accounting principles. We have reconciled those items to the most comparable GAAP measures in the tables at the end of the earnings press release. These non-GAAP measures should be considered in addition to, and not as a substitute for, measures of financial performance reported in accordance with GAAP.

I would like to remind you that during this call, we might make certain forward-looking statements regarding our company. Please refer to our annual report and most recent quarterly report filed with the SEC for more information regarding our forward-looking statements, including the risks and uncertainties that could impact our future results. Our actual results may differ materially from those contemplated by those forward-looking statements, and we undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

Now I would like to introduce Bruce Thames, our President and Chief Executive Officer, for his opening remarks.

Bruce Thames

Thank you, Ivonne. Good morning, everyone, and thank you for joining today. Thermon had an excellent quarter to start our fiscal year with better-than-anticipated organic sales growth, record Q1 revenue and bookings, exceptional operating leverage and year-over-year margin expansion that illustrates the momentum we carried into Q1 from the strong finish to our fiscal year '22.