Forgent Q4 Revenue Soars 94%, Backlog Hits $3B, FY27 Guidance Tops IPO Forecast
FPS sits 18% above its 52-week low of $25.95.
Summary
Forgent delivered a blowout quarter: Q4 revenue of $462M, up 94% YoY, with net income of $66M and adjusted EBITDA of $113M (24.4% margin). Bookings hit a record $1.5B, driving backlog to an all-time high of $3.0B, up 256% YoY. The company initiated FY2027 guidance well above its IPO forecast—revenue of $2.4-2.6B, adjusted EBITDA of $575-625M, and adjusted EPS of $1.26-1.40. A $35M investment in Tijuana capacity expansion will add ~$800M in revenue capacity by Q4 FY27. This follows the June refinancing and July upsized offering, showing strong execution and accelerating demand. The company filed an 8-K regarding operations and financial condition.
At the time of this announcement, FPS was trading at $30.51 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $8.7B. 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 9 out of 10. Source: BusinessWire.