Forgent Power Solutions, Inc. · NYSE:FPS
Forgent Power Solutions — Q2 2026 Earnings Presentation
24 slides from Forgent Power Solutions's earnings presentation, Mar 16, 2026
Slide 1: Second Quarter 2026 Financial Results
SECOND QUARTER 2026 FINANCIAL RESULTS March 16, 2026
Slide 2: Important Notice and Disclaimers
IMPORTANT NOTICE AND DISCLAIMERS Cautionary Note Regarding Forward-Looking Statements This presentation and accompanying webcast contain forward-looking statements that are based on our management’s beliefs, expectations and assumptions and currently available information. Forward-looking statements
Slide 3: Agenda
AGENDA Q2-FY2026 Earnings Presentation 01 Brief Introduction to Forgent 02 Q2 Financial Results 03 Q2 Business Update Market Environment Growth Initiatives Operational Dynamics 04 Guidance ©2026 Forgent. All rights reserved. 3
Slide 4: Brief Introduction to Forgent
BRIEF INTRODUCTION TO FORGENT
Slide 5: Who We Are
WHO WE ARE We are a leading designer and manufacturer of electrical distribution equipment Mission For Technically That Only a Few Critical Products Demanding Applications Companies Can Make • Essential for delivering electricity • Data Centers • High engineering content safely and efficiently • Sem
Slide 6: What Makes Us Special
WHAT MAKES US SPECIAL Focus on Data Centers, Grid Exceptional Product Breadth Sell Custom Products and Industrial End-Markets and Manufacturing Depth and Solutions Standard Services Other Products 4% 16% Data Centers 19 <13% Powertrain Solutions 5% 42% Major Product Revenue Contribution Categories o
Slide 7: Q2 Financial Results
Q2 FINANCIAL RESU 4 a ‘s S Py =i zs y a J = oy pe
Slide 8: Fiscal Q2 Financial Highlights
FISCAL Q2 FINANCIAL HIGHLIGHTS Three Months Ended December 31, 2025 +69% +51% 20.4% +66% Revenues Adj. EBITDA (1) Adj. EBITDA Adj. Net Income (1) $296M $60M Margin (1) $36M Note: Percent changes represent the year-over-year increase versus the three-months period ended December 31, 2024. 1) Non-GAAP
Slide 9: Q2 Revenues
Q2 REVENUES Revenues • Add header here ($ in millions) Commentary Revenues increased 69% to $296M +69% $296 − All organic growth − Reflects both market growth and share gains − Enabled by successful production ramps at new facilities $175 Sales of all offerings grew, led by Custom Products and P
Slide 10: Q2 Adjusted EBITDA
Q2 ADJUSTED EBITDA Adjusted EBITDA(1) • Add header here ($ in millions) Commentary Adjusted EBITDA grew 51% to $60M(1) +51% $60 − Gross profit increased 60% YoY to $102M driven by strong revenue growth − SG&A expense grew faster than revenues, reflecting investments in sales, operations, and engin
Slide 11: Q2 Business Update
Q2 BUSINESS UPDATE
Slide 12: Key Messages
KEY MESSAGES Order activity accelerated sharply in the second quarter, with bookings up 268% year over year Experiencing growth in all end markets, with the most significant increases in Data Center and Grid Benefiting from both market growth and share gains Accelerating hiring to meet higher than a
Slide 13: Market Environment
MARKET ENVIRONMENT AI and cloud buildouts driving sustained, high-growth in demand for electrical infrastructure Data Center Power availability remains a bottleneck, shifting spend upstream toward substations and utility interconnect equipment Higher power densities are increasing equipment co
Slide 14: Accelerating Demand
ACCELERATING DEMAND Bookings(1) Book-to-Bill Ratio(2) Backlog ($ in millions) ($ in millions) $762 2.6x $1,493 $461 $1,027 1.6x 1.2x $745 +66% QoQ Growth +58% QoQ Growth +45% QoQ Growth $207 +268% YoY Growth +118% YoY Growth +100% YoY Growth Q2-FY25 Q1-FY26 Q2-FY26 Q2-FY25 Q1-FY26 Q2-FY26 Q2-FY25 Q1
Slide 15: Growth Initiatives
GROWTH INITIATIVES Powertrain Solutions as a Average Customer Spend Commentary Percentage of Total Revenues ($ in thousands) Leveraging the lead-time advantage that our vertical integration creates to win new customers 16% $1,222 Using complex, long lead time products like MV switchgear and dry
Slide 16: Recent Powertrain Solutions Win
RECENT POWERTRAIN SOLUTIONS WIN New data center win underscores LV sales growth potential Background Customer and Timing Products Sold LV-to-MV Ratio(1) All facilities require both MV and LV equipment 6.9x Data Center MV MV equipment is more complex to produce End Market Equip. and has fewer sup
Slide 17: Operational Dynamics
OPERATIONAL DYNAMICS Capacity Expansion Update Accelerating Hiring Plan Capacity Expansion Plan Spend Up to Manufacturing Headcount ($ in millions) $5B 2,084 +80% $205 Revenue capacity once YoY Manufacturing Headcount Growth capacity expansion complete(1) $73 1,158 $132 $1B +69% LTM Revenues as of A
Slide 18: Guidance
“= FORGENT GUIDANCE
Slide 19: Fiscal 2026 Second-Half Outlook
FISCAL 2026 SECOND-HALF OUTLOOK • Add header here Revenues Adjusted EBITDA(1) Adjusted Net Income(1) ($ in millions) ($ in millions) ($ in millions) +70% $695 - $745 +109% $175 - $185 +173% $115 - $125 $424 $86 $44 H2 FY25 2H-FY25 H2 FY26 2H-FY26 H2 FY25 2H-FY25 H2 FY26 2H-FY26 H2 FY25 2H-FY25 H2 FY
Slide 20: Fiscal 2026 Full-Year Outlook
FISCAL 2026 FULL-YEAR OUTLOOK Revenues Adjusted EBITDA(1) Adjusted Net Income(1) ($ in millions) ($ in millions) ($ in millions) +73% $1,275 - $1,325 +80% $300 - $310 +120% $190 - $200 $753 $169 $89 FY25 FY26 FY25 FY26 FY25 FY26 % Margin 22.5% 23.5% Growing faster in FY2026 than Higher margins in FY
Slide 21: Appendix
APPENDIX @2026 Forgent. All rights reserved.
Slide 22: Adjusted EBITDA and Adjusted EBITDA Margin
ADJUSTED EBITDA AND ADJUSTED EBITDA MARGIN Non-GAAP Financial Measures The table below reconciles Net (Loss) Income to Adjusted EBITDA, the most directly comparable financial measure calculated in accordance with GAAP, for the periods presented (in thousands): Three Months Twelve Months Ended Decemb
Slide 23: Adjusted Net Income
ADJUSTED NET INCOME Non-GAAP Financial Measures The table below reconciles Net (Loss) Income to Adjusted Net Income, the most directly comparable financial measure calculated in accordance with GAAP, for the periods presented (in thousands): Three Months Ended December 31 2025 2024 Net (Loss) Income
Slide 24: investors@forgent.com
investors@forgent.com ©2026 Forgent. All rights reserved.
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