On September 17, Forgent Power Solutions, Inc. rose 5.25% in regular trading, trading at $36.975/share, with turnover of $47.41 million, extending upward momentum since the release of its fiscal Q4 earnings report.
On the news front, the company reported record fiscal Q4 revenue of $461.7 million, up 94% year over year, beating the consensus estimate of $429.9 million. Adjusted EPS came in at $0.31, surpassing the $0.24 estimate by approximately 29%. Q4 orders surged 375% year over year to $1.503 billion, pushing the backlog to a record $3 billion. Full-year fiscal 2026 revenue reached $1.42 billion, up 89%, while net income soared 508% to $106 million. The company also issued fiscal 2027 guidance of $2.4 billion to $2.6 billion in revenue, well above the FactSet consensus of $2.09 billion, with adjusted EPS guidance of $1.26 to $1.40 versus the $1.19 estimate. Additionally, Oppenheimer published a report stating the company is providing a blueprint for growth, citing record orders and an expanding backlog as key catalysts.
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