Forgent Power Solutions Reports Strong Q4 Earnings, Drives Stock Higher
Forgent Power Solutions (NYSE:FPS) reported a significant turnaround in its fourth-quarter fiscal year 2026 results, swinging to a net income of $66.09 million from a loss the previous year and driving an 11% rise in stock price on Wednesday. Revenue surged by 94% to $461.67 million due to strong demand for electrical distribution equipment. The company also reported over $1.5 billion in orders during Q4, exceeding its full-year revenue from FY2026. For the entire fiscal year 2026, Forgent's profits jumped by 508% to $106 million and total revenues surpassed $1 billion for the first time at $1.42 billion. The company outlined ambitious growth targets for FY2027, aiming for revenue between $2.4 billion and $2.6 billion with adjusted EBITDA expected to rise significantly. Forgent also announced a $35 million investment in expanding its Powertrain Solutions manufacturing facility in Tijuana, Mexico, which is projected to increase capacity by over 50% and support future revenue growth.
Tickers: $FPS
Topics: Earnings Expansion Outlook Guidance Profit Growth Revenue Increase