Forgent Power Solutions Reports Record Q1 2027 Revenue and Raises Full-Year Guidance
Forgent Power Solutions (FPS) reported strong first-quarter fiscal 2027 results, highlighted by $479 million in revenue, a 69% increase year-over-year. This growth was primarily driven by high throughput and the successful execution of production ramps within its custom products segment, which saw 73% growth. Demand remains robust in the data center and industrial sectors, with Q1 orders doubling compared to the previous year. Following these results, management raised its full-year revenue guidance to a range of $2.45 billion to $2.65 billion. The company also expects significant profitability expansion, forecasting adjusted EBITDA growth of approximately 90% at the midpoint. While regulatory uncertainty regarding foreign-produced grid equipment has caused some project pauses in battery storage, Forgent's strong backlog and diversified customer base provide a solid foundation for continued scaling.
Tickers: $FPS
Topics: EBITDA EPS guidance order backlog revenue growth
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Part of the story Forgent Power Solutions Reports Record Q1 2027 Revenue and Raises Full-Year Guidance (3 articles)