Earnings ·
Forgent Power Solutions reported record fiscal fourth quarter revenues of $462 million, a 94% year-over-year increase…
FPSForgent Power Solutions, Inc.
Forgent Power Solutions reported record fiscal fourth quarter revenues of $462 million, a 94% year-over-year increase, with net income rising to $66 million from a loss in the prior year period. Full-year revenue reached $1.42 billion, up 89%, while full-year net income grew 508% to $106 million. The company announced fiscal 2027 guidance projecting revenues between $2.4 and $2.6 billion and adjusted EBITDA of $575 to $625 million. Additionally, Forgent disclosed a $35 million investment to expand Powertrain Solutions manufacturing capacity in Tijuana, Mexico, expected to increase total revenue capacity by approximately $800 million. The company operates as a designer and manufacturer of electrical distribution equipment for data centers, the power grid, and industrial facilities.