 Achieved annual cost savings of 22 million in Fiscal 2021 Reduced long term debt by 27.5 million in Fiscal 2021, including 20.6 million repayment in Q4 2021 Ending backlog of 114 million, up 8 versus prior year and 4 versus prior quarter Launching long-term growth initiatives to diversify end markets, expand in developing economies and enhance technology enabled maintenance AUSTIN, TX ACCESSWIRE May 27, 2021 Thermon Group Holdings, Inc. NYSE:THR Thermon, a global leader in industrial process heating solutions, today announced consolidated financial results for the fourth quarter Q4 2021 and the fiscal year ended March 31, 2021 Fiscal 2021. Key highlights for Q4 2021 include: Revenue of 73.3 million versus 88.4 million in Q4 2020, a decrease of 15.1 million, or 17 Gross margin of 37.1, as compared to 40.3 in Q4 2020 Fully diluted GAAP earnings per share EPS of 0.02 and Non-GAAP Adjusted EPS of 0.03 Key highlights for Fiscal 2021 include: Revenue of 276.2 million versus 383.5 million in Fiscal 2020, a decrease of 107.3 million, or 28 Gross margin of 42.5, as compared to 42.1 in Fiscal 2020 Fully diluted GAAP earnings per share of 0.03 and Non-GAAP Adjusted EPS of 0.34 While COVID-19 restrictions and the depressed demand for transportation fuels continues to impact our customers and certain end markets, maintenance spending has positively inflected in recent months and is starting to show signs of expansion. 