Forgent Power Solutions (FPS) reported fiscal Q3 adjusted net income Thursday of $55.3 million, up from $23.8 million a year earlier.

Revenue for the quarter ended March 31 was $378.7 million, compared with $186.2 million a year earlier.

Analysts surveyed by FactSet expected $329.6 million.

For fiscal Q4, the company said it expects adjusted net income of $67 million to $77 million on revenue of $392 million to $432 million. Analysts polled by FactSet expect revenue of $395.2 million.

Forgent Power Solutions also said it now expects fiscal 2026 adjusted net income of $197 million to $207 million, compared with its prior guidance of $190 million to $200 million.

Revenue for the fiscal year is now expected between $1.35 billion and $1.39 billion, compared with its earlier guidance of $1.28 billion to $1.33 billion. Analysts polled by FactSet expect $1.30 billion.

Shares of the company were over 18% higher in Thursday premarket activity.