Forgent Power Solutions (FPS) investor relations material

Company overview and business model

• Designs and manufactures electrical distribution equipment for data centers, power grids, and industrial facilities, with a focus on custom, engineered-to-order solutions and prefabricated systems.

• Revenue mix in fiscal 2025: 78% from custom products, 13% from powertrain solutions, 5% from standard products, and 4% from services.

• Operates ten manufacturing campuses in the US and Mexico, with a recent $205 million expansion to support up to $5 billion in annual revenues.

• Principal customers include technology, utility, industrial companies, OEMs, integrators, contractors, and distributors, with 84% of fiscal 2025 revenue from data center, grid, and industrial markets.

• Employs over 2,400 full-time staff as of March 31, 2026, and leverages a proprietary database of 50,000+ reference designs and 150+ engineers for rapid customization.

Financial performance and metrics

• Revenues grew 56% from fiscal 2024 to $753.2 million in fiscal 2025; backlog reached $2.0 billion as of March 31, 2026, up 157% year-over-year.

• Adjusted EBITDA for fiscal 2025 was $169.2 million (22.5% margin); net income for the nine months ended March 31, 2026 was $39.9 million.

• Cash and cash equivalents were $93.8 million as of March 31, 2026; total assets $1.85 billion; total debt $600 million.

• Operating cash flow for the nine months ended March 31, 2026 was $35.2 million; capital expenditures focused on capacity expansion.

Use of proceeds and capital allocation

• Net proceeds from the offering will be used to purchase Opco LLC Interests from Opco, which will use the funds to redeem interests from existing owners.

• No proceeds from shares sold by selling stockholders; company will bear offering costs except underwriting discounts and commissions.

• No current plans to pay dividends; earnings expected to be used for TRA payments, debt service, working capital, and growth.