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) today announced second quarter 2020 revenue of $113 million, a decrease of $69 million from the first quarter 2020.

Forum Energy Technologies Announces Second Quarter 2020 Results

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host a conference call to discuss its recently announced successful debt exchange and its second quarter 2020 earnings at 9:00 AM CDT on Friday, August 7, 2020.

Forum Energy Technologies Announces Timing of Second Quarter 2020 Earnings Release and Conference Call

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today the expiration and results of its previously announced offer to exchange its existing notes for new 9.00% convertible secured notes due 2025.

Forum Energy Technologies, Inc. Announces Expiration and Results of its Exchange Offer and Consent Solicitation

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced that as of the preliminary tender deadline, which was 5:00 p.m.

Forum Energy Technologies, Inc. Announces Preliminary Results of Pending Exchange Offer

Investors need to pay close attention to Forum Energy (FET) stock based on the movements in the options market lately.

Implied Volatility Surging for Forum Energy (FET) Stock Options

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced that revenue for the second quarter 2020 is now projected to be in the range of $110 to $115 million, a decline of approximately 37-40% from first quarter revenue of $183 million. Free cash flow after capital expenditures and interest expense for the quarter is now expected to be approximately negative $6 million. Due to the preliminary nature of this guidance, a reconciliation to ca

Forum Energy Technologies, Inc. Announces Preliminary Second Quarter 2020 Financial Results

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today provided the following update on the status of its business: During the first half of 2020, the COVID-19 pandemic and associated actions taken around the world to mitigate the spread of Coronavirus caused a significant decline in economic activity and oil demand. At the same time, the OPEC+ oil producing nations increased production in a war for market share, which further exacerbated the imba

Forum Energy Technologies, Inc. Provides Market Update

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced it has commenced an offer to exchange its existing notes for new 9.00% convertible secured notes due 2025. The new notes will pay interest at the rate of 9.00% (as compared to the rate of 6.25% on the existing notes). Of such interest, 6.25% will be payable in cash and 2.75% will be payable in cash or additional notes, at the Company’s option. The new notes will mature five years fro

Forum Energy Technologies, Inc. Announces Commencement of Exchange Offer and Consent Solicitation for 6.250% Senior Notes due 2021

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”) announced today that, as part of its continuing cost reduction plan, the corporate executive team will be reduced and reorganized. Changes to the executive team will be effective July 10, 2020 and are as follows: D. Lyle Williams, Jr. will be the Executive Vice President and Chief Financial Officer. Mr. Williams joined Forum in 2007 after previously working for Cameron International. He most recently served as

Forum Energy Technologies, Inc. Announces Executive Management Changes

Forum Energy (FET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Forum Energy Technologies (FET) Q1 Earnings Expected to Decline

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Forum Energy Technologies, Inc. (FET) CEO Cris Gaut on Q4 2019 Results - Earnings Call Transcript

Forum Energy (FET) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Forum Energy Technologies (FET) Expected to Beat Earnings Estimates: Should You Buy?

Forum Energy Technologies has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

Forum Energy Is in Oversold Territory: What???s Next?

Forum Energy Technologies: International Operations Can Provide The Relief

Forum Energy Technologies' (FET) CEO Cris Gaut on Q3 2019 Results - Earnings Call Transcript

With the sale of its 40% stake in Ashtead Technology, Forum Energy (FET) will receive $39 million of cash proceeds alongside an $8.5-million loan with a three-year maturity period.

Forum Energy (FET) Announces Stake Sale in Ashtead Technology

Forum Energy Technologies' (FET) CEO Cris Gaut on Q2 2019 Results - Earnings Call Transcript

Forum Energy (FET) delivered earnings and revenue surprises of -60.00% and -4.85%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Forum Energy Technologies (FET) Reports Q2 Loss, Misses Revenue Estimates

Transition to a more disciplined capital spending approach within the exploration and production space is expected to weigh on Forum Energy's (FET) Q2 results.

Factors to Know Ahead of Forum Energy's (FET) Q2 Earnings

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Forum Energy Technologies (FET) Right Now?

Forum Energy Technologies, Inc. (FET) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

Forum Energy Technologies Enters Oversold Territory

Forum Energy Technologies (FET) closed the most recent trading day at $3.83, moving +0.26% from the previous trading session.

Forum Energy Technologies (FET) Gains But Lags Market: What You Should Know

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Forum Energy Technologies' (FET) CEO Cris Gaut on Q1 2019 Results - Earnings Call Transcript

News for Forum Energy Technologies Stock (FET)