(RTTNews) - While reporting financial results for the fourth quarter on Tuesday, Forgent Power Solutions, Inc. (FPS), a designer and manufacturer of electrical distribution equipment, initiated its adjusted earnings and revenue guidance for the full-year 2027. The company said the guidance is significantly higher than the Company's IPO forecast, reflecting accelerating demand for its products and strong execution on its production ramp. For fiscal 2027, the company now projects adjusted earnings in a range of $1.26 to $1.40 per share on revenues between $2.4 billion and $2.6 billion. The Company said its first quarter results will include significant investments in personnel and facilities to support the production ramp in subsequent quarters.
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