Opening the filing
Exhibit 99.1
Document 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
• 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.