Forgent revenue jumps 69% to $478.6 million
Key points
- Forgent Power Solutions (NYSE:FPS) reported fiscal first-quarter 2027 revenue of $478.6 million, up 69% year over year, and net income attributable to the company of $48.2 million.
- Adjusted earnings reached $0.24 per share, exceeding the analyst estimate of $0.20, while reported diluted EPS was $0.18.
- The company raised its fiscal 2027 guidance, forecasting revenue of $2.45 billion–$2.65 billion and adjusted EPS of $1.30–$1.44.
Forgent Power Solutions (NYSE:FPS) reported fiscal first-quarter 2027 revenue of $478.6 million, up 69% year over year, while net income attributable to the company increased to $48.2 million.
Revenue increased from $283.3 million a year earlier, while adjusted earnings of $0.24 per share exceeded the $0.20 analyst consensus estimate and reported diluted EPS was $0.18.
Gross profit increased to $158.3 million from $98 million, while adjusted EBITDA rose 61% to $104.9 million and operating cash flow reached $136 million, an increase of $130 million year over year.
The company said higher production volumes, improved manufacturing throughput and better cost absorption supported its quarterly results, while management reported growing sales opportunities with artificial intelligence laboratories and hyperscale data center operators.
Forgent raised its fiscal 2027 revenue forecast to $2.45 billion–$2.65 billion, adjusted EBITDA guidance to $587 million–$637 million and adjusted EPS guidance to $1.30–$1.44, citing its order backlog and production plans.
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