SEC 8-K filings with transcript text
Oct 22, 2026
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Exhibit 99.1
Forgent to Report Fiscal First Quarter 2027 Results;
Revenues and Adjusted EBITDA Will Exceed High End of Guidance
DAYTON, Minn. – October 22, 2026 – Forgent Power Solutions Inc. (“Forgent” or the “Company”) (NYSE: FPS), a leading designer and manufacturer of electrical distribution equipment, will report financial results for its fiscal first quarter ended September 30, 2026, before the market opens on November 12, 2026. Management will host a conference call at 11:00 a.m. ET to discuss the results. The Company’s fiscal first quarter 2027 revenues and Adjusted EBITDA will exceed the high end of its previously provided guidance ranges.
A live webcast and replay of the conference call, along with the earnings press release and presentation materials, will be available on the investor relations section of the Company’s website at ir.forgentpower.com.
About Forgent Power Solutions
Forgent (NYSE: FPS) is a leading U.S. designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. The Company specializes in manufacturing custom products that are “engineered-to-order” for technically demanding applications. We believe Forgent is one of a small number of companies that can manufacture all of the electrical distribution equipment required for a data center or large manufacturing facility’s powertrain with some of the highest levels of customization and shortest lead times available in the industry. For more information about Forgent, please visit us at forgentpower.com.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements that are based on our management’s beliefs,
expectations and assumptions and currently available information. Forward-looking statements include information concerning our possible or assumed future results of operations. Because forward-looking statements relate to the future, by their nature, they are subject to inherent risks, uncertainties and other changes in circumstances we cannot predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements and you should not place undue reliance on such statements. For a further discussion of certain factors that could cause our actual results to differ from our expectations in any forward-looking statements, see our filings with the SEC. The forward-looking statements included in this press release represent our management’s beliefs and assumptions only as of the date hereof. Except as required by law, we assume no obligation to update or revise these forward-looking statements as a result of new information, future events or otherwise.
Investor Contact
Kate Africk - Investor Relations, VP
kate.africk@forgentpower.com
Media Contact
media@forgentpower.com
Sep 15, 2026
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Exhibit 99.1
Forgent Reports Record Fourth Quarter and Full Year 2026 Results, Exceeds High-End of Guidance and Enters Fiscal 2027 with All-Time High Backlog
Fiscal Fourth Quarter 2026 Highlights
•Revenues of $462 million, an increase of 94% year-over-year
•Bookings of $1,503 million, an increase of 375% year-over-year; 3.3x book-to-bill ratio
•Backlog of $3.0 billion, an increase of 256% year-over-year
•Net Income of $66 million, an increase of $71 million year-over-year
•Net Income margin of 14.3%, an increase of ~800 bps quarter-over-quarter
•Adjusted EBITDA of $113 million, an increase of 163% year-over-year
•Adjusted EBITDA margin of 24.4%, an increase of ~200 bps quarter-over-quarter
•Cash flow from operations of $74 million, an increase of $81 million year-over-year
•Revenue, Adjusted EBITDA and Adjusted Net Income all exceeded the high-end of May guidance
Fiscal Year 2026 Highlights
•Revenues of $1,420 million, an increase of 89% year-over-year
•Net Income of $106 million, an increase of 508% year-over-year
•Adjusted EBITDA of $323 million, an increase of 91% year-over-year
•Revenue, Adjusted EBITDA and Adjusted Net Income all exceeded the high-end of May guidance
Fiscal Year 2027 Guidance
•Revenues in the range of $2,400 to $2,600 million, representing 76% year-over-year growth at the midpoint
•Adjusted EBITDA in the range of $575 to $625 million, representing 86% year-over-year growth at the midpoint
•Adjusted EPS in the range of $1.26 to $1.40, representing 95% year-over-year growth at the midpoint
DAYTON, MN - September 15, 2026 - Forgent Power Solutions, Inc. ("Forgent" or the "Company") (NYSE: FPS), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced financial results for its fiscal fourth quarter and full year ended June 30, 2026.
Forgent reported fiscal fourth quarter revenues of $462 million, an increase of $224 million, or 94%, compared to the prior year's quarter. Bookings were $1.5 billion in the fourth quarter, establishing a new Company record and increasing 375% year-over-year and 73% quarter-over-quarter. Forgent’s book-to-bill ratio increased to 3.3x in the fourth quarter from 2.3x in the third quarter, reflecting accelerating demand for the Company’s products and continued market share gains. As of June 30, 2026, the Company’s backlog was $3.0 billion, representing an all-time high, increasing 256% and 53% versus June 30, 2025 and March 31, 2026, respectively.
“Momentum in electrical distribution equipment remains robust, and Forgent’s products and solutions continue to gain traction with customers,” said Gary Niederpruem, Chief Executive Officer of Forgent. “We booked more than $1.5 billion of orders in the fourth quarter — an amount that exceeded our total revenue for the full fiscal year — highlighting the strength of our offerings. Our performance demonstrates that Forgent is not only benefiting from industry growth, but also gaining share and significantly outpacing the broader market,” added Mr. Niederpruem.
The Company also announced a $35 million investment to expand Powertrain Solutions manufacturing capacity at its Tijuana, Mexico campus (the "2027 PTS Capacity Expansion") to meet growing demand for modular solutions. The PTS Capacity Expansion is incremental to Forgent’s previously disclosed capacity expansion, which began before the Company’s IPO and is now substantially complete (the "2025-2026 Capacity Expansion"). The PTS Capacity Expansion is expected to come online in the fourth quarter of fiscal 2027 and increase Forgent’s total revenue capacity to approximately $5.8 billion, representing an increase of approximately $800 million.
“Powertrain Solutions revenue grew 259% in fiscal 2026 and accounted for nearly one-third of fourth quarter revenue, significantly exceeding the demand assumptions underlying our initial capacity build-out. To support growing customer adoption of modular solutions, we are making an incremental investment in dedicated e-House and Powerskid production in Tijuana. We expect this investment to increase our Powertrain Solutions capacity by more than 50%, further strengthening Forgent’s modular solutions capabilities and providing a strong foundation to capture additional share in this rapidly growing segment,” said Mr. Niederpruem.
Net Income for the fiscal fourth quarter was $66 million, an increase of $71 million compared to the prior year's quarter. Net Income increased primarily due to higher gross profit, partially offset by higher selling, general and administrative costs. Net income margin was 14.3%, approximately 800 bps higher quarter over quarter, as revenue growth outpaced operating cost growth and new campuses moved closer to their target production rates.
Adjusted EBITDA for the fiscal fourth quarter was $113 million, the highes
May 14, 2026
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Exhibit 99.1
Forgent Reports Third Quarter 2026 Results, Raises Fiscal 2026 Guidance
on Record Orders, Backlog and Sequential Margin Expansion
Fiscal Third Quarter 2026 Highlights
•Revenues of $379 million, an increase of 103% year-over-year
•Bookings of $867 million, an increase of 308% year-over-year; Book-to-bill ratio of 2.3x
•Backlog of $1.98 billion, an increase of 157% year-over-year and 33% quarter-over-quarter, respectively
•Net Income of $24 million, an increase of 190% year-over-year
•Net Income margin of 6.5%, an increase of ~650 bps quarter-over-quarter
•Adjusted EBITDA of $85 million, an increase of 96% year-over-year
•Adjusted EBITDA margin of 22.4%, an increase of ~200 bps quarter-over-quarter
•Adjusted Net Income of $55 million, an increase of 132% year-over-year
•Cash flow from operations of $29 million, an increase of $37 million year-over-year
Updated Full Year Fiscal 2026 Guidance
•Revenues in the range of $1,350 to $1,390 million, representing 82% YoY growth at the midpoint
•Adjusted EBITDA in the range of $310 to $320 million, representing 86% YoY growth at the midpoint
•Adjusted Net Income in the range of $197 to $207 million, representing 128% YoY growth at the midpoint
DAYTON, MN - May 14, 2026 - Forgent Power Solutions, Inc. ("Forgent" or the "Company") (NYSE: FPS), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced financial results for its fiscal third quarter ended March 31, 2026.
Forgent reported fiscal third quarter revenues of $379 million, an increase of $192 million, or 103%, compared to the prior year’s quarter. Bookings in the quarter were the highest in the Company’s history at $867 million, representing an increase of 308% year-over-year and 14% quarter-over-quarter. The Company’s book-to-bill ratio was 2.3x, compared with 1.1x in the prior year’s quarter. As of March 31, 2026, Forgent’s backlog reached a record $1.98 billion, representing an increase of 157% and 33%, versus March 31, 2025 and December 31, 2025, respectively.
“Demand for our products continues to outpace our expectations. Year-over-year growth in both revenues and orders was higher in the third quarter than in the second, despite growing off a larger base. These results reflect the success of our manufacturing expansion, robust demand across our data center and grid end markets, and our differentiated ability to deliver customized solutions at scale with some of the shortest lead times in the industry,” said Gary Niederpruem, Chief Executive Officer of Forgent. Mr. Niederpruem added, “In an environment where speed-to-power and technical agility are defining project success, customers are increasingly choosing Forgent for our ability to deliver highly customized solutions with greater timeline certainty, supported by our vertical integration, agile manufacturing model and deep engineering expertise.”
Net Income for the fiscal third quarter was $24 million, an increase of $16 million or 190%, compared to the prior year’s quarter. Adjusted Net Income for the fiscal third quarter was $55 million, an increase of $31 million or 132%, compared to the prior year’s quarter. Net Income and Adjusted Net Income increased primarily due to higher gross profit, partially offset by higher selling, general and administrative costs. Net Income margin was 6.5% in the third quarter, approximately 650 basis points higher sequentially, as the second quarter included the write-off of $10 million of deferred financing costs related to the refinancing of the Company’s term loan.
Adjusted EBITDA for the fiscal third quarter was $85 million, an increase of $41 million or 96%, compared to the prior year’s quarter. Adjusted EBITDA increased primarily due to higher gross profit, partially offset by higher selling, general and administrative costs. Adjusted EBITDA margin was 22.4% in the quarter, representing an increase of approximately 200 basis points quarter-over-quarter. Adjusted EBITDA margin expanded sequentially as revenue growth outpaced operating cost growth. Gross margin expanded modestly in the quarter, but was impacted by under-absorbed labor costs
related to accelerated headcount growth, under-absorbed fixed overhead relating to new campuses ramping toward their target production rates and one-time startup costs at new campuses.
“We are raising our guidance to reflect the accelerating demand we are seeing across our business, and we are fully booked against our fourth quarter plan. While our margins continue to be impacted by accelerated hiring and one-time costs at our new facilities, the pace of revenue growth is enabling us to absorb investments in headcount and facilities more quickly,” said Ryan Fiedler, Chief Financial Officer of Forgent. Mr. Fiedler added, “Those items had less of an impact this quarter than last
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