2018 News Releases


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12/03/18Forum Energy Technologies Announces C. Christopher Gaut as CEO
HOUSTON--(BUSINESS WIRE)--Dec. 3, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that C. Christopher Gaut has been named Chief Executive Officer of the Company by the Board of Directors to replace Prady Iyyanki. Mr. Gaut will continue to serve as Chairman of the Board. Cris Gaut commented, “Forum is a strong company with tremendous talent and significant upside potential. It is a privilege to be asked to lead the compan... 
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10/29/18Forum Energy Technologies Announces Third Quarter 2018 Results
Orders of $275 million in 3Q18, book to bill ratio of 103% Revenue of $267 million in 3Q18, up 34% y/y and (3%) q/q Diluted EPS of $(0.03) and adjusted EPS of $0.03 in 3Q18 Adjusted EBITDA of $29 million in 3Q18, up 393% y/y and 7% q/q HOUSTON--(BUSINESS WIRE)--Oct. 29, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2018 revenue of $267 million, a decrease... 
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10/08/18Forum Energy Technologies Acquires Houston Global Heat Transfer
HOUSTON--(BUSINESS WIRE)--Oct. 8, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it acquired the stock of Houston Global Heat Transfer (GHT) from Pelican Energy Partners, a Houston-based oilfield services focused private equity fund, and GHT management. Based in Houston, Texas, GHT designs, engineers, and manufactures premium industrial heat exchanger and cooling systems used primarily on hydraulic fracturing equipment. GHT’s ... 
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10/02/18Forum Energy Technologies Announces Timing of Third Quarter 2018 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Oct. 2, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2018 earnings conference call at 9:00 AM CDT on October 30, 2018. Forum will issue a press release regarding its third quarter 2018 earnings prior to the conference call. To participate in the earnings conference call, please call 855-757-8876 within North America, or 631-485-4851 outside of North America. The ... 
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08/28/18Forum Energy Technologies to Present at Barclays CEO Energy-Power Conference
HOUSTON--(BUSINESS WIRE)--Aug. 28, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) announced that Forum will be participating in the 2018 Barclays CEO Energy-Power Conference to be held September 4 - 6, 2018 in New York. Prady Iyyanki, Forum’s Chief Executive Officer, is scheduled to present at the conference on Wednesday, September 5, 2018 at 3:05 p.m. Eastern Time. A link to the live webcast, along with presentation slides, will be ma... 
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07/30/18Forum Energy Technologies Announces Second Quarter 2018 Results
Orders of $310 million in 2Q18, up 45% y/y and 19% q/q Revenue of $274 million in 2Q18, up 36% y/y and 10% q/q Diluted EPS of $(0.14) and adjusted EPS of $(0.01) in 2Q18 Adjusted EBITDA of $27 million in 2Q18, up 363% y/y and 43% q/q HOUSTON--(BUSINESS WIRE)--Jul. 30, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2018 revenue of $274 million, an increase... 
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06/27/18Forum Energy Technologies Announces Timing of Second Quarter 2018 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Jun. 27, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2018 earnings conference call at 9:00 AM CDT on Tuesday, July 31, 2018. Forum will issue a press release regarding its second quarter 2018 earnings prior to the conference call. To participate in the earnings conference call, please call 855-757-8876 within North America, or 631-485-4851 outside of North Ameri... 
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06/11/18Forum Energy Technologies Awarded Contract for Submarine Rescue Vehicle and Remotely Operated Vehicle
HOUSTON--(BUSINESS WIRE)--Jun. 11, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it received an order from Submarine Manufacturing and Products, Ltd. (SMP) to supply a submarine rescue vehicle (SRV), a work-class remotely operated vehicle (ROV), and associated launch and recovery systems. The ROV and SRV will be delivered in 2019 and 2020, respectively, and integrated by SMP with additional equipment for delivery to a navy in ... 
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04/30/18Forum Energy Technologies Announces First Quarter 2018 Results
HOUSTON--(BUSINESS WIRE)--Apr. 30, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2018 revenue of $250 million, an increase of $3 million from the fourth quarter 2017. Net income for the quarter was $28 million, or $0.25 per diluted share, compared to net income of $49 million, or $0.45 per diluted share, for the fourth quarter 2017. Excluding $36 million, or $0.32 per share of special items, the adjusted net loss was $0... 
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04/04/18Forum Energy Technologies Announces Timing of First Quarter 2018 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Apr. 4, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2018 earnings conference call at 9:00 AM CDT on Tuesday, May 1, 2018. Forum will issue a press release regarding its first quarter 2018 earnings prior to the conference call. To participate in the earnings conference call, please call 855-757-8876 within North America, or 631-485-4851 outside of North America. T... 
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02/21/18Forum Energy Technologies Announces CFO Succession
HOUSTON--(BUSINESS WIRE)--Feb. 21, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that as part of its continued succession planning process, the company has appointed Pablo G. Mercado to serve as Senior Vice President and Chief Financial Officer effective March 1, 2018. James W. Harris, the current Chief Financial Officer, has been leading the Drilling and Subsea segment since September 2017 and will transition full-time to that opera... 
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02/08/18Forum Energy Technologies Announces Fourth Quarter and Full Year 2017 Results
HOUSTON--(BUSINESS WIRE)--Feb. 8, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2017 revenue of $248 million, an increase of $49 million, or 25%, from the third quarter 2017. Net income for the quarter was $51 million, or $0.47 per diluted share, compared to a net loss of $15 million, or $0.15 per diluted share, for the third quarter 2017. Excluding $56 million or $0.51 per share of special items, the adjusted n... 
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01/09/18Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2017 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Jan. 9, 2018-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2017 earnings conference call at 9:00 AM CDT on Friday, February 9, 2018. Forum will issue a press release regarding its fourth quarter and full year 2017 earnings prior to the conference call. To participate in the earnings conference call, please call 855-757-8876 within North America, or... 
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