Forgent Power Solutions Reports Record Q4 and Full-Year Fiscal 2026 Results
Forgent Power Solutions (NYSE:FPS) reported record fourth-quarter fiscal 2026 results, with revenue surging 94% year-over-year to $462 million. Adjusted EBITDA rose sharply by 163% to $113 million, and adjusted net income increased 275% to $77 million. The company also delivered strong full-year performance, with revenue climbing 89% to $1.42 billion and adjusted EBITDA rising 91% to $323 million. Fourth-quarter bookings exceeded expectations at over $1.5 billion, resulting in a book-to-bill ratio of 3.3x and a record backlog of $3 billion—up significantly from the prior year and quarter. Management attributed this strong demand to growth across data center, grid, and industrial markets as well as increasing adoption of modular construction solutions. Looking ahead, Forgent projects revenue between $2.4 billion and $2.6 billion for fiscal 2027 with adjusted EBITDA expected in the range of $575 million to $625 million. However, near-term margin pressures are anticipated due to approximately $10 million in first-quarter costs related to hiring and capacity investments.
Tickers: $FPS
Topics: backlog book-to-bill_ratio capacity_expansion ebitda_growth revenue_growth