2016 News Releases


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Q2 2018 Forum Energy Technologies, Inc Earnings Conference Call (Live)
July 31, 2018 at 9:00 a.m. CT
Q2 2018 Forum Energy Technologies, Inc Earnings Conference Call
Tuesday, July 31, 2018 9:00 a.m. CT  
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12/12/16Forum Energy Technologies Announces Amendment to Revolving Credit Facility
HOUSTON--(BUSINESS WIRE)--Dec. 12, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) today announced it has entered into an amendment to its credit facility (the “Credit Facility”) with its bank syndicate. The amendment permits netting of our currently significant cash balances against senior secured debt for the leverage ratio covenant, which provides improved borrowing flexibility for funding growth initiatives, including acquisitions, as the energy ... 
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12/05/16Forum Energy Technologies Announces Pricing of Public Offering of Common Stock
HOUSTON--(BUSINESS WIRE)--Dec. 5, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”) announced today the pricing of a registered underwritten public offering by the Company and certain funds affiliated with SCF Partners and Tinicum (collectively, the “Selling Stockholders”) of an aggregate of 7,000,000 shares of the Company’s common stock at a price to the public of $21.50 per share, of which 3,500,000 shares are being offered by the Comp... 
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12/05/16Forum Energy Technologies Announces Public Offering of Common Stock
HOUSTON--(BUSINESS WIRE)--Dec. 5, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”) announced today the commencement of a registered underwritten public offering by the Company and certain funds affiliated with SCF Partners and Tinicum (collectively, the “Selling Stockholders”) of an aggregate of 7,000,000 shares of the Company’s common stock, of which 3,500,000 shares are being offered by the Company and 3,500,000 shares are being offer... 
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10/27/16Forum Energy Technologies Announces Third Quarter 2016 Results
HOUSTON--(BUSINESS WIRE)--Oct. 27, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2016 revenue of $138 million, a decrease of $5 million, or 3%, from the second quarter 2016. Net loss for the quarter was $18 million, or $0.20 per diluted share, compared to a net loss of $29 million, or $0.31 per diluted share, for the second quarter 2016. Excluding $0.01 per share of special items, the adjusted net loss was $0.19 per dil... 
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09/29/16Forum Energy Technologies Announces Timing of Third Quarter 2016 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Sep. 29, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2016 earnings conference call at 9:00 AM CDT on Friday, October 28, 2016. Forum will issue a press release regarding its third quarter 2016 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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07/28/16Forum Energy Technologies Announces Second Quarter 2016 Results
HOUSTON--(BUSINESS WIRE)--Jul. 28, 2016-- Forum Energy Technologies, Inc. (NYSE:FET) today announced second quarter 2016 revenue of $143 million, a decrease of $17 million, or 10%, from the first quarter 2016. Net loss for the quarter was $29 million, or $0.31 per diluted share, compared to a net loss of $23 million, or $0.25 per diluted share, for the first quarter 2016. Excluding $0.12 per share of special items, the adjusted net loss was $0.19 per dil... 
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07/10/16Forum Energy Technologies Receives Order for Three Remotely Operated Vehicles
HOUSTON--(BUSINESS WIRE)--Jul. 10, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has received an order from New Orient Marine Pte. Ltd, to supply three remotely operated vehicles (ROVs) for its multi-purpose ice-class vessel currently under construction in Singapore. The order includes two Perry™ XLX 200 horsepower, 4,000 meter Work Class ROV systems and one Sub-Atlantic™ Comanche 3,000 meter Observation Class ... 
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06/30/16Forum Energy Technologies Announces Timing of Second Quarter 2016 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Jun. 30, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2016 earnings conference call at 9:00 AM CDT on Friday, July 29, 2016. Forum will issue a press release regarding its second quarter 2016 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 Americ... 
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05/18/16Forum Energy Technologies Announces Promotion of Prady Iyyanki to President
HOUSTON--(BUSINESS WIRE)--May 18, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) announced today the promotion of Mr. Prady Iyyanki to the office of President and Chief Operating Officer. Mr. Iyyanki, age 45, has served as the Company’s Executive Vice President and Chief Operating Officer since January 2014. Before joining Forum, he had 17 years of experience with General Electric managing various manufacturing businesses with global responsib... 
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05/04/16Forum Energy Technologies and Offshore Technology Development Announce Joint Development of Hydraulic Catwalk
HOUSTON--(BUSINESS WIRE)--May 4, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has aligned with Offshore Technology Development (OTD), a subsidiary of Keppel Offshore & Marine Ltd., to offer the oil and gas industry the latest in hydraulic catwalk technology for offshore rigs. The partnership offers operators a premium jackup rig, fitted with a catwalk with best-in-class cycle times for moving drill pipe and completion ... 
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04/28/16Forum Energy Technologies Announces First Quarter 2016 Results and Change in Reporting Segments
HOUSTON--(BUSINESS WIRE)--Apr. 28, 2016-- Forum Energy Technologies, Inc. (NYSE:FET) today announced first quarter 2016 revenue of $159 million, compared to $348 million in the first quarter 2015. Net loss for the quarter was $23 million, or $0.25 per diluted share, compared to net income of $29 million, or $0.31 per diluted share, for the prior year period. Excluding $0.03 per share of special items, the adjusted net loss was $0.22 per diluted share in ... 
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04/28/16Forum Energy Technologies Announces Acquisition of a Wholesale Completion Packer Business
HOUSTON--(BUSINESS WIRE)--Apr. 28, 2016-- Forum Energy Technologies, Inc. (NYSE:FET) announced today that it has acquired the wholesale completion packer business of Team Oil Tools, Inc. The business designs, manufactures and sells a wide variety of completion and service tools, including retrievable and permanent packers, bridge plugs, and accessories to oilfield service providers, packer repair companies and distributors on a global basis. ... 
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04/04/16Forum Energy Technologies Announces Timing of First Quarter 2016 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Apr. 4, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2016 earnings conference call at 9:00 AM CST on Friday, April 29, 2016. Forum will issue a press release regarding its first quarter 2016 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.... 
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02/26/16Forum Energy Technologies Announces Amendment to Revolving Credit Facility
HOUSTON--(BUSINESS WIRE)--Feb. 26, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) today announced it has entered into an amended credit facility (the “Credit Facility”) with its bank syndicate. The $200 million Credit Facility reduces Forum’s on-going annual commitment fees on the undrawn facility by $2.25 million and lowers the earnings based covenants to provide for greater borrowing availability during the prolonged industry downturn. ... 
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02/11/16Forum Energy Technologies Announces Fourth Quarter and Full Year 2015 Results
HOUSTON--(BUSINESS WIRE)--Feb. 11, 2016-- Forum Energy Technologies, Inc. (NYSE:FET) today announced fourth quarter 2015 revenue of $196 million, compared to $439 million in the fourth quarter 2014. Net loss for the quarter was $164 million, or $1.81 per diluted share, compared to net income of $46 million, or $0.49 per diluted share, for the prior year period. Excluding $1.69 per share of special items, the adjusted net loss was $0.12 per diluted share ... 
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01/11/16Forum Energy Technologies Announces Timing of Fourth Quarter 2015 Earnings Release and Conference Call
HOUSTON--(BUSINESS WIRE)--Jan. 11, 2016-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter 2015 earnings conference call at 9:00 AM CST on Friday, February 12, 2016. Forum will issue a press release regarding its fourth quarter 2015 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 Am... 
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