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.

Earnings data Q1 2024

Forum Energy Technologies meets Q1 guidance, eyes international growth

FET delivered solid Q1 results, with a positive outlook for the rest of 2023. While facing challenges in the U.S. market, the company is well-positioned to capitalize on international and offshore opportunities and is actively exploring new technologies and markets.

FET reports resilient Q2 performance amidst challenging U.S. market

FET's Q2 performance met guidance, with international revenue growth and market share gains offsetting U.S. market challenges. The company remains optimistic about future opportunities, including offshore and international demand acceleration.

FET reports steady Q3 results, eyes growth with Variperm acquisition

FET's Q3 performance remained steady amid challenging market conditions. The Variperm acquisition is expected to drive future growth and enhance shareholder value. The company's focus on successful integration and potential consolidation reflects a confident long-term outlook.

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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2024 earnings conference call at 10:00 a.m. Central Time on Friday, May 3, 2024. FET will issue a press release reporting its first 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 Relation.

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

Dallas, Texas--(Newsfile Corp. - March 5, 2024) - Forum Energy Technologies, Inc. (NYSE: FET): Stonegate Capital Partners initiates 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 Initiates Coverage on Forum Energy Technologies, Inc. (FET)

Forum Energy Technologies, Inc. (FET) Q4 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2023 revenue of $185 million, a $6 million increase from the third quarter. The fourth quarter net loss was $17 million, or $1.64 per diluted share, compared to third quarter net income of $8 million, or $0.77 per diluted share. Excluding $9 million of foreign exchange losses and $4 million of transaction and other nonrecurring items, cumulatively $1.25 per share, adjusted net loss was $0.39 per.

Forum Energy Technologies Announces Fourth Quarter and Full Year 2023 Results and Outlook

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2023 earnings conference call at 10:00 a.m. Central Time on Friday, March 1, 2024. FET delayed its fourth quarter and full year 2023 earnings release and investor conference call to allow time to assess valuation allowance reserves in an international jurisdiction and quantify the potential impact to income tax and net income. After careful review and analysis.

Forum Energy Technologies Reschedules Fourth Quarter and Full Year 2023 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that it will delay the issuance of its fourth quarter and full year 2023 earnings release and investor conference call. Additional time is required to quantify, if any, the impact to income tax and net income from adjusting valuation allowance reserves in an international jurisdiction. No meaningful impact to revenue, adjusted EBITDA, or free cash flow is expected. FET expects to issue its fourth quarter and f.

Forum Energy Technologies to Delay Issuance of Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call; Provides Preliminary Results and 2024 Guidance

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2023 earnings conference call at 10:00 a.m. Central Time on Tuesday, February 20, 2024. FET will issue a press release reporting its fourth quarter and full year 2023 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 shoul.

Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2023 Earnings Conference Call

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, January 17, 2024 at 3:15 p.m. Eastern Time. The presentation can be accessed live at the following link: https://sidoti.zoom.us/webinar/register/WN_CxuxWZc0RXqwAY1vYIT_3g A link to the live webcast and the.

Forum Energy Technologies to Present at the Sidoti Virtual Investor Conference

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced it has completed the acquisition of Variperm Energy Services (“Variperm”), a leading manufacturer of customized downhole technology solutions, providing sand and flow control products for heavy oil applications. Total consideration for the acquisition consisted of $150 million of cash and 2 million shares of FET's common stock, subject to customary purchase price adjustments. “This accretive acquisition enhanc.

Forum Energy Technologies Completes Acquisition of Variperm Energy Services

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has received approval from the Canadian Competition Bureau to proceed with its planned acquisition of Variperm Energy Services. FET announced on November 2, 2023, its agreement to acquire Variperm Energy Services for consideration of $150 million of cash (subject to customary purchase price adjustments) and 2 million shares of FET's common stock, reflecting a valuation of approximately 3.7x Variperm's.

Forum Energy Technologies Receives Approval to Proceed with Variperm Acquisition from Canadian Competition Bureau

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 Emerging Growth Conference on Thursday, December 7, 2023 at 12:35 p.m. Eastern Time. In order to attend the presentation, interested parties should register at the following link: https://goto.webcasts.com/starthere.jsp?ei=1641026&tp_key=4a8f04de2b&a.

Forum Energy Technologies to Present at the Emerging Growth Conference

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Ms. Leslie Beyer to its board of directors. Ms. Beyer will also serve as a member of the Nominating, Governance and Sustainability Committee. Ms. Beyer is the former Chief Executive Officer of the Energy Workforce and Technology Council (EWTC), the global energy technology and services association representing over 650,000 employees in the energy workforce. Before joining the EWTC, Ms. Beyer.

Forum Energy Technologies Announces Appointment of Ms. Leslie Beyer to its Board of Directors

Forum Energy Technologies, Inc. (NYSE:FET ) Q3 2023 Earnings Conference Call November 3, 2023 11:00 AM ET Company Participants Rob Kukla – Director-Investor Relations Neal Lux – President and Chief Executive Officer Lyle Williams – Chief Financial Officer Conference Call Participants John Daniel – Daniel Energy Partners Jeff Robertson – Water Tower Research Daniel Pickering – Pickering Energy Partners Operator Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies Third Quarter 2023 Earnings Conference Call. My name is Giji, and I will be your coordinator for today's call.

Forum Energy Technologies, Inc. (FET) Q3 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) today announced that it has entered into a definitive agreement to acquire Variperm Energy Services (“Variperm”) for consideration of $150 million of cash and 2 million shares of FET's common stock, reflecting a valuation of approximately 3.7x Variperm's trailing twelve months EBITDA as of September 30, 2023. The transaction is expected to close in January 2024 and is subject to customary closing conditions and Canadi.

Forum Energy Technologies Announces Transformative Acquisition of Variperm Energy Services

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2023 revenue of $179 million, a 3% sequential decrease. Orders increased 7% sequentially to $199 million, with a book-to-bill ratio of 111%. The third quarter 2023 net income was $8 million, or $0.77 per diluted share, compared to a net loss of $7 million, or $0.64 per diluted share, for the second quarter 2023. Pre-tax foreign exchange gains of $8 million comprise the majority of special items i.

Forum Energy Technologies Announces Third Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2023 earnings conference call at 10:00 a.m. Central Time on Friday, November 3, 2023. FET will issue a press release reporting its third quarter 2023 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 2023 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, Chief Executive Officer and President, will present at the EnerCom Denver – The Energy Investment Conference. Mr. Lux's presentation is scheduled for Tuesday, August 15, 2023 at 3:10 p.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 con.

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

Forum Energy Technologies, Inc. (NYSE:FET ) Q2 2023 Earnings Conference Call August 4, 2023 11:00 AM ET Company Participants Rob Kukla - Director, Investor Relations Neal Lux - President and Chief Executive Officer Lyle Williams - Chief Financial Officer Conference Call Participants John Daniel - Daniel Energy Partners Daniel Pickering - Pickering Energy Partners Operator Good morning, ladies and gentlemen. Welcome to the Forum Energy Technologies Second Quarter 2023 Earnings Conference Call.

Forum Energy Technologies, Inc. (FET) Q2 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2023 revenue of $185 million, an 8% year-over-year increase. Orders were $186 million, with a book-to-bill ratio of 100%. The second quarter 2023 net loss was $7 million, or $0.64 per diluted share, compared to a net loss of $3 million, or $0.34 per diluted share, for the first quarter 2023. Excluding $8 million, or $0.74 per diluted share, for special items, the quarter's adjusted net income wa.

Forum Energy Technologies Announces Second Quarter 2023 Results

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Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website   www.enercomdenver.com  – Presenting Companies Continue to be Added Investor One-on-One Meeting Requests for All Companies Now Open for Institutional Investors, Portfolio Managers, Financial Analysts, CIOs, and Other Investment Industry Professionals Investors, Analysts, and Energy Industry Professionals Can Still Register to Attend EnerCom Denver – The Energy Investment Conference at www.enercomdenver.com DENVER , July 27, 2023 /PRNewswire/ -- EnerCom, Inc. announces companies that will be presenting during The Energy Transition and Emerging Technology Session, focused on energy-related technology, alternative energy and traditional oil and gas technology start-up ventures, on Wednesday, August 16 th.  Companies Presenting in The Energy Transition and Emerging Energy Technology Session as of July 26, 2023, include: LiTHOS - (CNSX: AMS.CN) aims to be the leader in the application of Direct Lithium Extraction (DLE) technology for economic, environmentally efficient, and sustainable lithium production.

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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2023 earnings conference call at 10:00 a.m. Central Time on Friday, August 4, 2023. FET will issue a press release reporting its second quarter 2023 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 2023 Earnings Conference Call

Forum Energy Technologies is expected to see a better time in the coming days, with the US drilling market set to pick up pace in 2H 2023. FET's strategy to diversify further in the international markets should pay dividends over the medium term, and the offshore market growth would put the company on a rapid growth path. Despite short-term concerns, such as a slowdown in order bookings in Q1, the stock is relatively undervalued versus its peers, making it a potential "buy" for investors.

Forum Energy Shares Encouraging Scenarios

Forum Energy Technologies, Inc. (NYSE:FET ) Q1 2023 Earnings Conference Call May 5, 2023 11:00 AM ET Company Participants Rob Kukla - Director, IR Neal Lux - President, CEO & Director David Williams - EVP & CFO Conference Call Participants John Daniel - Daniel Energy Partners Daniel Pickering - Pickering Energy Partners Operator Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies' First Quarter 2023 Earnings Conference Call. My name is Gigi, and I'll be your core leader for today's call.

Forum Energy Technologies, Inc. (FET) Q1 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2023 revenue of $189 million, a 22% year-over-year increase and a $2 million sequential decrease. Orders received were $179 million, with a book-to-bill ratio of 95%. The first quarter 2023 net loss was $4 million, or $0.34 per diluted share, compared to net loss of $13 million, or $2.22 per diluted share, for the fourth quarter 2022. Excluding $4 million, or $0.43 per diluted share, for special.

Forum Energy Technologies Announces First Quarter 2023 Results and Reaffirms 2023 Guidance

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2023 earnings conference call at 10:00 a.m. Central Time on Friday, May 5, 2023. FET will issue a press release regarding its first quarter 2023 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.

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