Forum Energy Technologies

Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry. The firm operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, downhole, and subsea markets, as well as other markets, such as alternative energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling, downhole technologies, such as cementing and casing tools, and protection products for artificial lift equipment and cables, and subsea remotely operated vehicles and trenchers, specialty components and tools, and complementary subsea technical services. The Completions segment provides products and related services to the coiled tubing, stimulation, and intervention markets. This segment offers pressure pumping, hydraulic fracturing and flowback services, including hydraulic fracturing pumps, cooling systems, flow iron, wireline cable, and pressure control equipment, as well as related recertification and refurbishment services, and coiled tubing products, such as coiled tubing strings and line pipes. The Production segment designs, manufactures, and supplies products, and provides related equipment and services to the production and infrastructure markets. The company was founded in 2005 and is headquartered in Houston, TX.

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Forum Energy Technologies (FET) reports robust Q4 performance and growth outlook

Forum Energy Technologies (FET) showcased strong financial performance, highlighted key strengths in inventory management and international market focus, while addressing challenges in cost variances and supply chain issues. The company is poised for growth with opportunities in conversions, M&A, and efficient capital deployment.

Forum Energy Technologies (FET) exceeds Q1 targets, eyes global growth

Forum Energy Technologies (FET) delivered strong Q1 performance, exceeding commitments
Despite soft U.S. market conditions, FET shows growth potential in international markets
Maintaining a healthy cash position and exploring strategic opportunities for growth
Balancing challenges with opportunities to drive future revenue and profitability

Forum Energy Technologies (FET) resilient in Q2 amidst market challenges

Forum Energy Technologies (FET) navigated challenging market conditions, showcasing resilience and strategic focus on growth.
International markets and new product development are key drivers of revenue growth and market share expansion for FET.
Despite revised EBITDA guidance, FET remains optimistic about improving working capital and generating free cash flow for strategic initiatives.

Forum Energy Technologies acquires Variperm, eyes revenue growth and debt reduction

FET's Q3 performance showed revenue growth and strong book-to-bill ratios.
Variperm acquisition brings potential for international expansion and revenue growth.
Challenges include soft U.S. market conditions and limited cost synergies from integration.
Opportunities lie in future acquisitions, revenue growth from Variperm, and debt reduction plans.

Forum Energy Technologies reports solid 2023 performance and strategic growth

Forum Energy Technologies (FET) delivered strong financial performance in 2023, focusing on debt reduction, new product development, and international expansion.
Despite market challenges, FET showcased resilience with revenue and EBITDA growth, emphasizing cash flow management and shareholder returns.
The Variperm acquisition and innovative product solutions position FET for profitability and efficiency gains, with a strategic focus on sustainable growth.
Opportunities for revenue growth, debt management, and global expansion present a positive outlook for FET in 2024, supported by a disciplined financial approach.

Forum Energy Technologies reports robust Q1 performance and eyes international growth

FET's Q1 results reflect strong performance and strategic focus on growth
Challenges in certain segments and forecasting are being addressed proactively
Opportunities for expansion and innovation present avenues for future growth
Overall, FET remains on track to meet full-year guidance and drive shareholder value

Forum Energy (FET) excels in Q2, eyes Middle East growth

Forum Energy Technologies (FET) demonstrated resilience and growth in Q2 2024, driven by market share gains, international sales, and strategic acquisitions.
The company's strong cash position, focus on debt reduction, and commitment to returning cash to shareholders position it well for future growth and value creation.
Despite challenges in the U.S. market, Forum Energy Technologies (FET) remains optimistic about opportunities in the Middle East and offshore sectors, with a focus on cash generation and margin expansion.

Forum Energy Technologies (FET) reports strong Q3 performance and strategic outlook

Forum Energy Technologies (FET) showcased strong financial performance and innovation in Q3 2024, with a focus on debt refinancing, increased free cash flow forecast, and new product introductions. While facing challenges from volatile commodity prices and U.S. market softness, FET aims to leverage international and offshore activities to navigate these hurdles. The company's strategic focus on free cash flow, shareholder returns, and market expansion positions it for future growth and success.

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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) today announced that its Board of Directors has authorized a program for the repurchase of outstanding shares of FET's common stock having an aggregate purchase price of up to $75 million. Shares may be repurchased under the program from time to time, in amounts and at prices that FET deems appropriate, subject to market and business conditions, applicable legal requirements and other considerations. The program does.

Forum Energy Technologies Announces $75 Million Share Repurchase Program and Completion of Sale-Leaseback Transactions

MISSISSAUGA, Ontario, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) is pleased to announce the appointment of Evelyn Angelle to its Board of Directors (the “Board”), effective immediately. Ms. Angelle will fill a vacancy on the Board, bringing the total number of directors to 10.

Appointment of Evelyn Angelle to Bird's Board of Directors

HOUSTON, TX / ACCESSWIRE / November 18, 2024 / Forum Energy Technologies, Inc. (NYSE:FET), a global manufacturing company, serving the oil, natural gas, industrial and renewable energy industries, will present at the Virtual Investor Summit Microcap Event. The company will be available for 1-on-1 meetings throughout the day in addition to their presentation.

Forum Energy Technologies to Present at November 21st Virtual Investor Summit Microcap Event

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) announced today that it closed its offering of USD $100.0 million aggregate principal amount of 10.5% senior secured bonds (the “Offering”) on November 8, 2024. The bonds will mature in November 2029 and were issued at par. Net proceeds from the Offering, together with cash on hand, were used to repay all borrowings outstanding under the seller term loan issued in connection with the acquisition of Variperm Energy Ser.

Forum Energy Technologies Announces Closing of $100 Million Senior Secured Bond Issuance

Dallas, Texas--(Newsfile Corp. - November 4, 2024) - Forum Energy Technologies, Inc. (NYSE: FET) Stonegate Capital Partners updates their coverage on Forum Energy Technologies, Inc. (NYSE: FET). FET reported revenue, adj EBITDA, and adj net income of $207.8M, $25.8M, and ($2.3)M, respectively.

Stonegate Capital Partners Updates Coverage on Forum Energy Technologies, Inc. (FET) Q3 24

Forum Energy Technologies, Inc. (NYSE:FET ) Q3 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants Rob Kukla - Director of Investor Relations Neal Lux - President and Chief Executive Officer Lyle Williams - Chief Financial Officer Conference Call Participants Dave Storms - Stonegate John Daniel - Daniel Energy Partners Daniel Pickering - Pickering Energy Partners Jeff Robertson - Water Tower Research Operator Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies Third Quarter 2024 Earnings Conference Call. My name is Gigi, and I'll be your coordinator for today's call.

Forum Energy Technologies, Inc. (FET) Q3 2024 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2024 revenue of $208 million, a 1% sequential increase. Orders increased 14% sequentially to $206 million, with a book-to-bill ratio of 99%. The third quarter 2024 net loss was $15 million, or $1.20 per diluted share, compared to a second quarter net loss of $7 million, or $0.54 per diluted share. The adjusted net loss for the quarter was $2 million, or $0.19 per diluted share, compared to the se.

Forum Energy Technologies Announces Third Quarter 2024 Results; Raises Free Cash Flow Guidance

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) announced today that it has finalized the terms of FET's private offering of USD $100.0 million aggregate principal amount of 10.5% senior secured bonds (the “Offering”). The bonds will mature in November 2029 and will be issued at par. The Offering is expected to close on November 7, 2024, subject to customary closing conditions. FET intends to use the net proceeds from the Offering, together with cash on hand, to re.

Forum Energy Technologies Announces Pricing of $100 Million Senior Secured Bond Issuance

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (the “Company” or “FET”) today announced the following preliminary selected Third Quarter 2024 financial results, compared to the Second Quarter 2024. Revenue of approximately $208 million, compared to $205 million Bookings of approximately $205 million, compared to $180 million Adjusted EBITDA of approximately $26 million, compared to $26 million Free Cash Flow (before acquisitions) of approximately $24 million, compared to.

Forum Energy Technologies Provides Preliminary Third Quarter 2024 Selected Financial Results

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) announced today the commencement of a backstopped private offering of USD $100.0 million aggregate principal amount of 5-year senior secured bonds (the “Offering”). FET intends to use the net proceeds from the Offering, together with cash on hand, to redeem in full all outstanding 9.000% Convertible Senior Secured Notes due 2025 (the “2025 Notes”) and to repay all borrowings outstanding under the seller term loan issu.

Forum Energy Technologies Announces $100 Million Bond Issuance

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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financial Officer, will participate in a fireside chat with Water Tower Research on Wednesday, October 9, 2024 at 10:00 a.m. Central Time. The event is open access and interested parties can register through the following link: https://us06web.zoom.us/webinar/register/WN__3UUoA50RWS9BRlXns1M-Q A link to.

Forum Energy Technologies to Participate in Water Tower Fireside Chat

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2024 earnings conference call at 10:00 a.m. Central Time on Friday, November 1, 2024. FET will issue a press release reporting its third quarter 2024 earnings prior to the conference call. The call will be webcast through the Investor Relations link on FET's website at ir.f-e-t.com. Participants who want to ask a question during the call should register on FET's Investor Rel.

Forum Energy Technologies Announces Timing of Third Quarter 2024 Earnings Conference Call

HOUSTON, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Forum Energy Technologies, Inc. (NYSE: FET) (“FET”), a global designer, manufacturer and distributor of products to the oil, natural gas, industrial and renewable energy industries, is confirmed to present at the 2024 Annual Gateway Conference, which is being held September 4-5, at the Four Seasons Hotel in San Francisco, CA.

Forum Energy Technologies to Present at the 2024 Gateway Conference on September 4, 2024

HOUSTON, Texas--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Lyle Williams, Chief Financial Officer, will present at the EnerCom Denver – The Energy Investment Conference. Mr. Williams' presentation is scheduled for Tuesday, August 20, 2024, at 9:45 a.m. Mountain Time. A link to the live webcast and the presentation slides will be available on FET's Investor Relations web page at ir.f-e-t.com. A live webcast of the presentation will also be available on the.

Forum Energy Technologies to Present at EnerCom Denver – The Energy Investment Conference

Forum Energy Technologies, Inc. (NYSE:FET ) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Rob Kukla - Director of IR Neal Lux - President, CEO & Director Lyle Williams - EVP & CFO Conference Call Participants David Storms - Stonegate Capital Markets Daniel Pickering - Pickering Energy Partners Jeffrey Robertson - Water Tower Research Operator Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies Second Quarter 2024 Earnings Conference Call. My name is Gigi, and I'll be your coordinator for today's call.

Forum Energy Technologies, Inc. (FET) Q2 2024 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2024 revenue of $205 million, a 1% sequential increase, despite a 5% decline in global rig count. Orders declined 12% sequentially to $180 million, with a book-to-bill ratio of 88%. The second quarter 2024 net loss was $7 million, or $0.54 per diluted share, compared to a net loss of $10 million, or $0.85 per diluted share, for the first quarter 2024. Second quarter 2024 special items, on a pre-.

Forum Energy Technologies Announces Second Quarter 2024 Results; Raises Free Cash Flow Guidance

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2024 earnings conference call at 10:00 a.m. Central Time on Friday, August 2, 2024. FET will issue a press release reporting its second quarter 2024 earnings prior to the conference call. The call will be webcast through the Investor Relations link on FET's website at ir.f-e-t.com. Participants who want to ask a question during the call should register on FET's Investor Rel.

Forum Energy Technologies Announces Timing of Second Quarter 2024 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that it will redeem $60 million in aggregate principal amount of its 9.000% Convertible Senior Secured Notes due 2025 (“2025 Notes”) at par on August 16, 2024. For the second quarter 2024, the Company expects to report cash flows from operating activities between $23 million and $25 million. Additionally, during the quarter FET repurchased approximately $13 million of the 2025 Notes at a discount to par. Neal.

Forum Energy Technologies Announces $60 Million Senior Secured Notes Redemption

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer is scheduled to present at the J.P. Morgan 2024 Energy, Power and Renewables Conference on Tuesday, June 18, 2024, at 10:20 a.m. Eastern Time. The webcast can be accessed live at the following link: https://jpmorgan.metameetings.net/events/epr24/sessions/52792-forum-energy-technologies/webcast?gpu_only=true&kiosk=true A link to the live webcast and the p.

Forum Energy Technologies to Present at the J.P. Morgan 2024 Energy, Power and Renewables Conference

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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financial Officer, are scheduled to present at the Sidoti Virtual Investor Conference on Wednesday, May 8, 2024 at 12:15 p.m. Eastern Time. The presentation can be accessed live at the following link: https://sidoti.zoom.us/webinar/register/WN_NDUsKoIBRg2QPKXFQ8-OLg A link to the live webcast and the pre.

Forum Energy Technologies to Present at the Sidoti Virtual Investor Conference

Dallas, Texas--(Newsfile Corp. - May 6, 2024) - Forum Energy Technologies, Inc. (NYSE: FET) Stonegate Capital Partners updates their coverage on Forum Energy Technologies, Inc. (NYSE: FET). To view the full announcement, including downloadable images, bios, and more, click here.

Stonegate Capital Partners Updates Coverage on Forum Energy Technologies, Inc. (FET) Q1 24

Forum Energy Technologies, Inc. (NYSE:FET ) Q1 2024 Earnings Conference Call May 3, 2024 11:00 AM ET Company Participants Rob Kukla - Director of IR Neal Lux - President, CEO & Director Lyle Williams - EVP & CFO Conference Call Participants Josh Jayne - Daniel Energy Partners Dave Storms - Stonegate Dan Pickering - Pickering Energy Partners Jeffrey Robertson - Water Tower Research Operator Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies First Quarter 2024 Earnings Conference Call. My name is Gigi, and I'll be your coordinator for today's call.

Forum Energy Technologies, Inc. (FET) Q1 2024 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2024 revenue of $202 million, a 9% sequential increase. Orders grew 28% sequentially to $204 million, with a book-to-bill ratio of 101%. The first quarter 2024 net loss was $10 million, or $0.85 per diluted share, compared to a net loss of $17 million, or $1.64 per diluted share, for the fourth quarter 2023. First quarter 2024 special items, on a pre-tax basis, included $6 million of transaction.

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