Forgent Power Solutions Sees 1Q Rev Above High End of Guidance
Dow Jones10-23
Forgent Power Solutions said fiscal first-quarter revenue and adjusted earnings before interest, taxes, depreciation and amortization were above the high end of its guidance.
The electrical distribution equipment company said it will report results before the market opens Nov. 12.
Forgent shares were recently halted for pending news. The stock was down 27% to $23.18 following the Thursday morning announcement that chief financial officer Ryan Fiedler stepped down. Amy Ard was named CFO.
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