Forgent Power Solutions, Inc. (NYSE: FPS) announced its financial results for the fiscal year ended June 30, 2026, reporting record performance across key metrics. The company reported fiscal fourth quarter revenues of $462 million, an increase of 94% year-over-year. This revenue figure exceeded the high-end of the company's guidance issued in May.
For the fiscal year, total revenues reached $1.42 billion, representing an 89% increase compared to the prior year. Net income for the fiscal year was $106 million, a significant increase of 508% year-over-year. The company also reported an Adjusted EBITDA of $323 million, which is up 91% from the previous year.
The company’s backlog stood at $3.0 billion as of June 30, 2026, marking an all-time high and a 256% increase year-over-year. The book-to-bill ratio in the fourth quarter was 3.3x, reflecting strong demand and market share gains.
Forgent has provided guidance for fiscal 2027, projecting revenues between $2.4 billion and $2.6 billion. The company expects Adjusted EBITDA to range from $575 million to $625 million, with Adjusted EPS projected between $1.26 and $1.40.
In a separate announcement, the company revealed a $35 million investment to expand manufacturing capacity for its Powertrain Solutions division at its Tijuana, Mexico campus. This expansion is expected to increase total revenue capacity to approximately $5.8 billion by the fourth quarter of fiscal 2027.
