Forgent Power Solutions Q3 Revenue Doubles to $379M, Guidance Raised
Forgent Power Solutions reported third-quarter revenue of $379 million, a 103% increase from $186 million a year earlier, while adjusted earnings rose 132% to $55 million. The company raised fiscal 2026 revenue guidance to $1.35–$1.39 billion and recorded $867 million in bookings, expanding backlog to $1.98 billion.
1. Q3 Financial Results
Forgent Power Solutions delivered third-quarter revenue of $379 million, up 103% year over year from $186 million, with adjusted earnings increasing 132% to $55 million. Net income climbed 190% to $24 million, underpinned by robust demand and higher unit volumes.
2. Record Orders and Backlog Growth
The company reported record bookings of $867 million, a 308% increase compared with the prior year, while backlog expanded 157% to $1.98 billion. The book-to-bill ratio reached 2.3x, signaling continued strength in customer demand across its electrical distribution equipment offerings.
3. Upgraded Full-Year Guidance
Forgent raised fiscal 2026 revenue guidance to a range of $1.35 billion to $1.39 billion, above prior analyst expectations, and forecast fourth-quarter revenue of $392 million to $432 million, indicating accelerated top-line growth through year end.
4. Margin and Cash Flow Improvements
Adjusted third-quarter EBITDA rose 96% to $85 million, with margins expanding to 22.4% from 20.4% in the prior quarter. Operating cash flow improved by $37 million year over year to $29 million, while adjusted EBITDA for the full year is projected between $310 million and $320 million.