Overview
- Forgent Power Solutions reported fiscal third‑quarter results Thursday, sending the stock up about 17% in premarket trading.
- Revenue rose 103% to $379 million, with adjusted earnings at $55 million and adjusted EBITDA at $85 million.
- Bookings reached a record $867 million and backlog climbed to $1.98 billion, a 2.3x book‑to‑bill ratio that shows orders far exceeded shipments.
- Management raised full‑year revenue guidance to $1.35 billion to $1.39 billion and forecast fourth‑quarter revenue of $392 million to $432 million, with higher EBITDA targets for Q4 and the year.
- CEO Gary Niederpruem said demand is outpacing plans with growth accelerating, citing data center and power‑grid projects that could keep factories busy for several quarters.