NewsMV
Forgent Power Solutions (NYSE: FPS) is in focus after reporting record fourth-quarter and full-year fiscal 2026 results, with revenue rising 94% to $462 million in the quarter and adjusted EBITDA climbing 163% to $113 million.
Fourth-quarter bookings exceeded $1.5 billion, a 375% increase year over year, pushing year-end backlog to $3 billion and the book-to-bill ratio to 3.3 times.
Management guided fiscal 2027 revenue to $2.4 billion to $2.6 billion, with more than 90% of that range already covered by backlog.
Backlog composition and the capacity constraint CEO Gary Niederpruem said the backlog consists entirely of firm customer purchase orders, with no letters of intent or memoranda of understanding included.
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