Forgent reports $1.5 billion in fiscal Q4 orders
CEO Gary Niederpruem discussed data center growth on CNBC, highlighting the company's role in electrical infrastructure for AI buildouts.
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Electrical distribution equipment and solutions provider
forgentpower.comLast updated
In short: Forgent achieved record fiscal 2026 results and a $3 billion backlog driven by surging demand for AI data center infrastructure.
CEO Gary Niederpruem discussed data center growth on CNBC, highlighting the company's role in electrical infrastructure for AI buildouts.
The company exceeded guidance highs, achieved a $3 billion backlog record, and announced a capacity expansion investment in Mexico.
The company will release financials before the market opens on September 15, followed by a management conference call to discuss performance in data center and grid markets.
The offering includes 35 million shares from selling stockholders and the company, with proceeds used to redeem interests.
Forgent Power Solutions, Inc. (NYSE:FPS) reported fiscal fourth-quarter revenue of approximately $462 million on September 15, up 94% year over year. Bookings reached $1.503 billion...
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