Forgent Power Surges 11.6% on Record Bookings and $3B Backlog
FPS sits 36% above its 52-week low of $25.95.
Summary
Forgent Power Solutions rallied 11.6% on Wednesday, topping the Russell 1000 gainers, after reporting record quarterly bookings of $1.5 billion and a $3 billion backlog that covers more than 90% of its fiscal 2027 revenue guidance of $2.4–$2.6 billion. The move follows yesterday's blowout Q4 report showing revenue up 94% to $462 million and adjusted EBITDA up 163% to $113 million. The stock's surge reflects strong demand visibility and execution, with the backlog providing a solid foundation for near-term growth. Investors will watch whether the company can sustain this momentum as it integrates the recent $2.14 billion follow-on offering and manages the $339 million Tax Receivable Agreement liability disclosed in its first 10-K.
At the time of this announcement, FPS was trading at $35.26 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $10.7B. The 52-week trading range was $25.95 to $66.00. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Benzinga.