Shares of Forgent Power Solutions rose after its quarterly results and full-year outlook topped Wall Street's forecasts, with the company pointing to a boost from growth across the industry and market-share gains.

The stock climbed 8% to $30.94 in premarket trading on Tuesday. As of Monday's market close, shares were down 53% in the past three months.

The electrical-distribution equipment maker swung to a fiscal fourth-quarter profit of $53.3 million from a loss of $2.56 million a year earlier.

Adjusted earnings per share were 25 cents, above analyst estimates of 24 cents, according to FactSet.

Revenue surged 94% to $461.7 million, topping analysts' projection of $429.9 million.

Forgent's bookings more than quadrupled year over year as the company benefited from industry growth while gaining market share, Chief Executive Gary Niederpruem said. Its backlog reached $3 billion as of the end of the quarter, marking an all-time high for the company.

"Momentum in electrical distribution equipment remains robust, and Forgent's products and solutions continue to gain traction with customers," Niederpruem said.

The company expects its growth to continue in the year ahead, guiding for adjusted earnings per share of $1.26 to $1.40 and revenue of $2.4 billion to $2.6 billion. Analysts expect adjusted earnings of $1.13 a share on revenue of $2.09 billion.