Quarterly ResultMay 14, 2026, 06:41 AM
Forgent Power Q3 Revenue +103% to $378.7M; Net Income +166% to $18.3M
AI Summary
Forgent Power Solutions, Inc. reported strong financial results for the third quarter and nine months ended March 31, 2026, with significant year-over-year growth in both revenue and net income. The company's revenue for Q3 2026 more than doubled to $378.7 million, while net income attributable to the company surged to $18.3 million. These results follow the successful completion of an initial public offering in February 2026, which raised $491.8 million, and a follow-on offering in March 2026, which generated an additional $308.6 million in net proceeds, significantly impacting its financial structure and operations.
Key Highlights
- Q3 2026 revenue increased 103.3% to $378.7 million from $186.2 million YoY.
- Q3 2026 net income attributable to Forgent Power Solutions, Inc. rose 165.7% to $18.3 million.
- Nine-month 2026 revenue grew 85.9% to $958.4 million from $515.6 million YoY.
- Nine-month 2026 net income attributable to Forgent Power Solutions, Inc. increased 60.8% to $28.5 million.
- Completed IPO on February 6, 2026, generating $491.8 million in net proceeds for the company.
- Completed follow-on offering on March 30, 2026, generating $308.6 million in net proceeds.
- Total assets increased to $1.85 billion as of March 31, 2026, from $1.54 billion as of June 30, 2025.
- Long-term debt, net of discount, increased to $578.1 million from $496.9 million.
Price Impact
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