Recent Updates — FPS
Forgent Power Solutions Inc. issued preliminary financial guidance for its fiscal first quarter ended September 30, 2026, stating that revenues and Adjusted EBITDA will exceed the high end of previously provided ranges. The company is scheduled to report formal results before market open on November 12, 2026, followed by a conference call at 11:00 a.m. ET. Forgent Power Solutions Inc. is a leading U.S. designer and manufacturer of electrical distribution equipment used in data centers, the power grid, and energy-intensive industrial facilities.
Forgent Power Solutions announced that Chief Financial Officer Ryan Fiedler stepped down from his role effective October 21, 2026. An amendment to the initial filing clarifies that the departure was not caused by any disagreement with the company regarding operations, policies, or financial reporting. Mr. Fiedler will remain employed through October 30, 2026, to assist with the transition under a separation agreement. Forgent Power Solutions operates in the power generation and energy solutions industry.
Forgent Power Solutions announced that Ryan Fiedler stepped down as Chief Financial Officer on October 21, 2026. He will remain employed to assist with the transition until his final departure on October 30, 2026. Amy Ard was appointed CFO effective immediately; she previously served as Executive Vice President of Finance and Interim CFO at PwrQ and other energy companies. Her new employment agreement includes a $550,000 annual base salary, performance bonuses up to 85% of base, and a one-time equity grant valued at $500,000. Forgent Power Solutions is a leading designer and manufacturer of electrical distribution equipment used in data centers and the power grid.
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.
On June 23, 2026, Forgent Power LLC, a subsidiary of Forgent Power Solutions, Inc., entered into Amendment No. 1 to its existing Credit Agreement. The amendment refinanced outstanding initial term loans into new refinancing term loans totaling $600,000,000 at a reduced interest rate margin. Additionally, the amendment reduced the applicable interest rate margin on existing revolving credit commitments. Under the amended terms, interest will be based on either a base rate plus a 1.25% margin or Term SOFR plus a 2.25% margin. Forgent Power Solutions, Inc. provides power solutions and energy-related services.