Company research
Forgent Power Solutions, Inc.
CIK 2080126Updated Nov 13, 2026
SecurityFPS · NYSE · equity
FPS price & chart
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NYSE:FPS on TradingView ↗About the company
We are a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities. Demand for our products is growing rapidly as (i) companies accelerate investment in data centers to meet the computational requirements for cloud computing and AI, (ii) independent power producers build new generation capacity to satisfy rising electricity demand, (iii) utilities upgrade and expand T&D infrastructure to address rapid load growth and (iv) manufacturers reshore their factories to secure their supply chains and mitigate the impact of tariffs. Our revenues grew 86% from $515.6 million for the nine months ended March 31, 2025 to $958.4 million for the nine months ended March 31, 2026, and from March 31, 2026 to May 31, 2026, our Backlog increased approximately 20% from approximately $2.0 billion to approximately $2.4 billion.
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Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
4 filing
3 filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Show 5 more recent filings
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
Items 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · Regulation FD Disclosure
Items 5.02, 7.01, 9.01
10-K filing
Results of Operations and Financial Condition
Items 2.02, 9.01
4 filing
Financials
FY 2026 · USDSource
Source
Source
Source
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balance sheet · annual statements
| Line item | Q3 2026 | Q2 2026 | FY 2026 |
|---|---|---|---|
| ASSETS | |||
| AssetsUSD | 1,853,341,000Source | 1,697,131,000Source | 2,230,765,000Source |
| Property, Plant and Equipment, NetUSD | 179,374,000Source | 157,561,000Source | 204,957,000Source |
| GoodwillUSD | 516,629,000Source | 516,629,000Source | 516,629,000Source |
| Current assets: | |||
| Cash and Cash Equivalents, at Carrying ValueUSD | 93,831,000Source | 106,165,000Source | 97,477,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 274,592,000Source | 251,017,000Source | 329,628,000Source |
| Inventory, NetUSD | 179,496,000Source | 160,480,000Source | 249,817,000Source |
| Assets, CurrentUSD | 607,447,000Source | 577,580,000Source | 818,091,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 59,528,000Source | 59,918,000Source | 141,169,000Source |
| Operating Lease, Right-of-Use AssetUSD | 110,779,000Source | 113,450,000Source | 108,432,000Source |
| Other Assets, NoncurrentUSD | 7,172,000Source | 19,914,000Source | 12,195,000Source |
| LIABILITIES AND EQUITY | |||
| LiabilitiesUSD | 1,270,745,000Source | 1,107,633,000Source | 1,559,364,000Source |
| Stockholders’ equity: | |||
| Additional Paid in CapitalUSD | 420,457,000Source | — | 484,994,000Source |
| Retained Earnings (Accumulated Deficit)USD | 26,021,000Source | — | 79,320,000Source |
| Stockholders' Equity Attributable to ParentUSD | 446,481,000Source | — | 564,317,000Source |
| Liabilities and EquityUSD | 1,853,341,000Source | 1,697,131,000Source | 2,230,765,000Source |
| Current liabilities: | |||
| Liabilities, CurrentUSD | 370,246,000Source | 346,943,000Source | 531,294,000Source |
| Operating Lease, Liability, CurrentUSD | 8,346,000Source | 7,787,000Source | 8,626,000Source |
| Accounts Payable, CurrentUSD | 104,693,000Source | 72,542,000Source | 130,453,000Source |
| Operating Lease, Liability, NoncurrentUSD | 115,084,000Source | 117,519,000Source | 112,970,000Source |
| Deferred Income Tax Liabilities, NetUSD | 0Source | 64,165,000Source | 0Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 136,115,000Source | — | 107,084,000Source |
| Additional Financial Items | |||
| Accrued Liabilities, CurrentUSD | 116,612,000Source | 106,132,000Source | 122,356,000Source |
| Long-term Debt, Excluding Current Maturities | —Source | —Source | —Source |
| Long-term Debt, Current MaturitiesUSD | 6,000,000Source | 4,500,000Source | 6,000,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 578,129,000Source | 579,006,000Source | 576,175,000Source |
cash flow · annual statements
| Line item | Q4 2026 | Q4 2025 | Q3 2026 | Q3 2025 | Q2 2026 | Q2 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 24,475,000Source | 8,439,000Source | -91,000Source | 6,431,000Source | 106,035,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||
| Depreciation, Depletion and AmortizationUSD | — | — | — | — | 13,521,000Source | 15,154,000Source | 66,899,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | — | — | — | — | 10,036,000Source |
| Changes in operating assets and liabilities: | |||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | — | — | — | — | 172,657,000Source |
| Increase (Decrease) in InventoriesUSD | — | — | — | — | — | — | 142,909,000Source |
| Increase (Decrease) in Accounts PayableUSD | — | — | — | — | — | — | 68,510,000Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 14,635,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | — | — | — | — | 109,081,000Source |
| Cash flows from investing activities: | |||||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | — | — | — | — | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | — | — | — | — | -115,905,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | — | — | — | — | — | — | 115,905,000Source |
| Cash flows from financing activities: | |||||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | — | — | — | — | 17,215,000Source |
| Repayments of Long-term DebtUSD | — | — | — | — | — | — | 512,610,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | — | — | — | — | 10,391,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 93,831,000Source | 175,284,000Source | 106,165,000Source | 215,837,000Source | 121,713,000Source |
| Supplemental disclosure of cash flow information: | |||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | — | — | 48,163,000Source |
| Income Taxes Paid, NetUSD | — | — | — | — | — | — | 13,687,000Source |
| Additional Financial Items | |||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | 2,000,000Source | 400,000Source | 1,600,000Source | 400,000Source | 6,700,000Source |
| Amortization of Deferred ChargesUSD | — | — | — | — | — | — | 12,987,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | — | 600,000Source | 600,000Source | 10,000,000Source | 600,000Source | 13,000,000Source |
| Amortization of Intangible AssetsUSD | — | — | 11,700,000Source | 13,400,000Source | 12,500,000Source | 14,900,000Source | 47,900,000Source |
| DepreciationUSD | — | — | 6,400,000Source | 1,400,000Source | 3,900,000Source | 1,400,000Source | 19,000,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | — | — | — | — | — | — | -600,000Source |
| GoodwillUSD | — | — | 516,629,000Source | — | 516,629,000Source | — | 516,629,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | — | — | 4,404,000Source | 1,896,000Source | -400,000Source | 846,000Source | 21,365,000Source |
| InterestExpenseNonoperatingUSD | — | — | 10,839,000Source | 13,219,000Source | 20,992,000Source | 13,736,000Source | 57,127,000Source |
| Inventory Write-downUSD | — | — | — | — | — | — | 10,669,000Source |
| Investment Income, InterestUSD | — | — | 701,000Source | 1,285,000Source | 482,000Source | 1,545,000Source | 2,787,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 18,287,000Source | 6,882,000Source | 246,000Source | 4,593,000Source | 81,845,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 6,188,000Source | 1,557,000Source | -337,000Source | 1,838,000Source | 24,190,000Source |
| Nonoperating Income (Expense)USD | — | — | -10,457,000Source | -12,065,000Source | -20,581,000Source | -11,668,000Source | -55,089,000Source |
| Operating ExpensesUSD | — | — | 91,860,000Source | 45,765,000Source | 81,666,000Source | 44,810,000Source | 315,111,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -319,000Source | -131,000Source | -71,000Source | 523,000Source | -749,000Source |
| Payments of Financing CostsUSD | — | — | — | — | — | — | 13,467,000Source |
| Proceeds from Contributions from AffiliatesUSD | — | — | — | — | — | — | 0Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | — | — | — | 594,000,000Source |
income statement · annual statements
| Line item | Q4 2026 | Q4 2025 | Q3 2026 | Q3 2025 | Q2 2026 | Q2 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|
| Total RevenueUSD | — | — | 378,709,000Source | 186,224,000Source | 296,404,000Source | 175,338,000Source | 1,420,059,000Source |
| Cost of Goods and Services Sold | — | — | —Source | —Source | —Source | —Source | —Source |
| Selling, General and Administrative ExpenseUSD | — | — | 78,518,000Source | 32,108,000Source | 68,145,000Source | 29,656,000Source | 262,886,000Source |
| Operating Income (Loss)USD | — | — | 39,336,000Source | 22,400,000Source | 20,090,000Source | 18,945,000Source | 182,489,000Source |
| Other Nonoperating Income (Expense)USD | — | — | -319,000Source | -131,000Source | -71,000Source | 523,000Source | -749,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | — | — | 28,879,000Source | 10,335,000Source | -491,000Source | 7,277,000Source | 127,400,000Source |
| Income Tax Expense (Benefit)USD | — | — | 4,404,000Source | 1,896,000Source | -400,000Source | 846,000Source | 21,365,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | — | — | 6,188,000Source | 1,557,000Source | -337,000Source | 1,838,000Source | 24,190,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | — | 18,287,000Source | 6,882,000Source | 246,000Source | 4,593,000Source | 81,845,000Source |
| Interest Expense (non-operating)USD | — | — | 10,839,000Source | 13,219,000Source | 20,992,000Source | 13,736,000Source | 57,127,000Source |
| Additional Financial Items | |||||||
| Amortization of Intangible AssetsUSD | — | — | 11,700,000Source | 13,400,000Source | 12,500,000Source | 14,900,000Source | 47,900,000Source |
| Current Income Tax Expense (Benefit)USD | — | — | — | — | — | — | 6,730,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | — | — | 13,342,000Source | 13,657,000Source | 13,521,000Source | 15,154,000Source | 52,225,000Source |
| Goodwill, Impairment LossUSD | — | — | — | — | — | — | 0Source |
| Gross ProfitUSD | — | — | 131,196,000Source | 68,165,000Source | 101,756,000Source | 63,755,000Source | 497,600,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | — | — | — | — | — | — | 120,275,000Source |
| Interest Expense, DebtUSD | — | — | 10,800,000Source | 13,200,000Source | 21,000,000Source | 13,700,000Source | 57,100,000Source |
| Investment Income, InterestUSD | — | — | 701,000Source | 1,285,000Source | 482,000Source | 1,545,000Source | 2,787,000Source |
| Nonoperating Income (Expense)USD | — | — | -10,457,000Source | -12,065,000Source | -20,581,000Source | -11,668,000Source | -55,089,000Source |
| Operating ExpensesUSD | — | — | 91,860,000Source | 45,765,000Source | 81,666,000Source | 44,810,000Source | 315,111,000Source |
Offerings
Registration 333-297123
- Gross proceeds
- 2138850000.0
- Net proceeds
- 1389969433.0
- Deal price
- 49.0
- Shares
- 43650000
- Offering price
- $49.000
- Ticker
- FPS
Underwriters: Goldman Sachs & Co. LLC, Oppenheimer & Co. Inc., Stifel, Nicolaus & Company, Incorporated, Jefferies LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., Barclays Capital Inc., TD Securities LLC, MUFG Securities Americas, Inc., Nomura Securities International, Inc., KeyBanc Capital Markets Inc.
Registration 333-297218
Registration 333-296245
- Gross proceeds
- 1987160000.0
- Net proceeds
- 1304602662.0
- Deal price
- 47.0
- Shares
- 42280000
- Offering price
- $47.0000
- Ticker
- FPS
Underwriters: Goldman Sachs & Co. LLC, Oppenheimer & Co. Inc., Stifel, Nicolaus & Company, Incorporated, Jefferies LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., Barclays Capital Inc., TD Securities LLC, MUFG Securities Americas Inc., Nomura Securities International, Inc., KeyBanc Capital Markets Inc.
Registration 333-296327
Registration 333-294578
- Gross proceeds
- 885000000.0
- Net proceeds
- 592012130.0
- Deal price
- 29.5
- Shares
- 30000000
- Offering price
- $29.500
- Ticker
- FPS
Underwriters: Goldman Sachs & Co. LLC, Oppenheimer & Co. Inc., Stifel, Nicolaus & Company, Incorporated, Jefferies LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., Barclays Capital Inc., TD Securities LLC, MUFG Securities Americas Inc., Nomura Securities International, Inc., KeyBanc Capital Markets Inc.
Registration 333-292632
- Gross proceeds
- 1512000000.0
- Net proceeds
- 1016278980.0
- Deal price
- 27.0
- Shares
- 56000000
- Offering price
- $27.000
- Ticker
- FPS
Underwriters: Goldman Sachs & Co. LLC, Oppenheimer & Co. Inc., Stifel, Nicolaus & Company, Incorporated, Jefferies LLC, Morgan Stanley & Co. LLC, J.P. Morgan Securities LLC, BofA Securities, Inc., Barclays Capital Inc., TD Securities LLC, MUFG Securities Americas Inc., Nomura Securities International, Inc., KeyBanc Capital Markets Inc.
Filing attachments
d176631dex991.htm · 8-K · 2026-10-22
Exhibit 99.1 Forgent to Report Fiscal First Quarter 2027 Results; Revenues and Adjusted EBITDA Will Exceed High End of Guidance DAYTON, Minn. - October 22, 2026 - Forgent Power Solutions Inc. (“Forgent” or the “Company”) (NYSE: FPS), a leading designer and manufacturer of electrical distribution equipment, will report financial results for its fiscal first quarter ended September 30, 2026, before the market opens on November 12, 2026. Management will host a conference call at 11:00 a.m. ET to…
Read attachment ↗d187586dex991.htm · 8-K · 2026-10-22
Exhibit 99.1 FORGENT ANNOUNCES CFO TRANSITION Amy Ard, current Executive Vice President of Finance, named Chief Financial Officer Ryan Fiedler will transition from his current role to an external consultant DAYTON, Minn. - October 22, 2026 - Forgent Power Solutions Inc. (“Forgent” or the “Company”) (NYSE: FPS), a leading designer and manufacturer of electrical distribution equipment, today announced that Ryan Fiedler will step down as Chief Financial Officer and transition to an external…
Read attachment ↗ck0002080126-ex99_1.htm · 4 · 2026-02-11
Exhibit 99.1 Name and Address of Reporting Person: Neos Partners, LP 12400 High Bluff Drive, Suite 650 San Diego, CA 92130 Issuer Name and Ticker or Trading Symbol: Forgent Power Solutions, Inc. [FPS] Date of Earliest Transaction to be Reported (Month/Day/Year): February 9, 2026 Footnotes to Form 4 (1) This report is filed by the follow…
Read attachment ↗ck0002080126-ex99_2.htm · 4 · 2026-02-11
Exhibit 99.2 Joint Filer Information Name of Joint Filer: Forgent Parent I LP Address of Joint Filer: c/o Neos Partners, LP 12400 High Bluff Drive, Suite 650 San Diego, CA 92130 Relationship of Joint Filer to Issuer: 10% Owner Director Issuer Name and Ticker or Trading Symbol: For…
Read attachment ↗ck0002080126-ex99_1.htm · 4 · 2026-02-11
Exhibit 99.1 Name and Address of Reporting Person: Neos Partners, LP 12400 High Bluff Drive, Suite 650 San Diego, CA 92130 Issuer Name and Ticker or Trading Symbol: Forgent Power Solutions, Inc. [FPS] Date of Earliest Transaction to be Reported (Month/Day/Year): February 9, 2026 Footnotes to Form 4 (1) This report is filed by the follow…
Read attachment ↗ck0002080126-ex99_2.htm · 4 · 2026-02-11
Exhibit 99.2 Joint Filer Information Name of Joint Filer: Forgent Parent I LP Address of Joint Filer: c/o Neos Partners, LP 12400 High Bluff Drive, Suite 650 San Diego, CA 92130 Relationship of Joint Filer to Issuer: 10% Owner Director Issuer Name and Ticker or Trading Symbol: For…
Read attachment ↗