Forgent Power Solutions (NYSE:FPS) reported record fiscal third-quarter results and raised its full-year outlook, citing stronger-than-expected demand from data center and grid customers, expanding backlog and early signs of operating leverage as it scales production.
Chief Executive Officer Gary Niederpruem said revenue in the quarter rose 103% year over year to a record $379 million, while adjusted EBITDA increased 96% to $85 million. Adjusted net income grew 132% to $55 million. The company’s adjusted EBITDA margin expanded 200 basis points sequentially to 22.4%, driven primarily by SG&A leverage and improved labor and overhead absorption.
