News Releases

December 29, 2022

Forum Energy Technologies Announces Mandatory Conversion of 9.00% Convertible Senior Secured Notes

Approximately $123 million , or 48%, of 9.00% Convertible Senior Secured Notes due August 2025 to convert into approximately 4.5 million shares of FET common stock Over $11 million reduction in annualized interest payments HOUSTON --(BUSINESS WIRE)--Dec. 29, 2022-- Forum Energy Technologies, Inc.…

November 30, 2022

Forum Energy Technologies Closes Sale-Leaseback Transaction

Generates approximately $32 million in net proceeds Presents meaningful deleveraging opportunity HOUSTON --(BUSINESS WIRE)--Nov. 30, 2022-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has closed a sale of four manufacturing and distribution centers located in Texas and…

November 8, 2022

Forum Energy Technologies Announces Third Quarter 2022 Results and Outlook

Revenue of $182 million , a 6% sequential increase Orders of $198 million and book-to-bill ratio of 1.09 Net income of $16.5 million and diluted EPS of $1.82 Adjusted EBITDA of $17.8 million , a 15% sequential increase Operating Cash Flow of $18.5 million and Free Cash Flow of $17.3 million…

October 18, 2022

Forum Energy Technologies Announces Date and Time Change For Third Quarter 2022 Earnings Release and Conference Call

HOUSTON --(BUSINESS WIRE)--Oct. 18, 2022-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has changed the date and time of its previously announced third quarter 2022 earnings conference call to 11:00 a.m. Central Standard Time on Wednesday, November 9, 2022 .…

October 4, 2022

Forum Energy Technologies Announces Timing of Third Quarter 2022 Earnings Release and Conference Call

HOUSTON --(BUSINESS WIRE)--Oct. 4, 2022-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2022 earnings conference call at 10:00 a.m. Central Standard Time on Friday, November 11, 2022 . FET will issue a press release regarding its third quarter 2022…

August 4, 2022

Forum Energy Technologies Announces Second Quarter 2022 Results

Revenue of $172 million , an 11% sequential increase Orders of $203 million and book-to-bill ratio of 1.18 Net income of $9 million and diluted EPS of $1.15 Adjusted EBITDA of $15.5 million , a sequential increase of $7 million , or 74% HOUSTON --(BUSINESS WIRE)--Aug.…

July 20, 2022

Forum Energy Technologies Announces Timing of Second Quarter 2022 Earnings Release and Conference Call

HOUSTON --(BUSINESS WIRE)--Jul. 20, 2022-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2022 earnings conference call at 10:00 AM CDT on Friday, August 5, 2022 . Forum will issue a press release regarding its second quarter 2022 earnings prior to…

May 5, 2022

Forum Energy Technologies Announces First Quarter 2022 Results

Revenue of $155 million , a 5% sequential increase Orders of $165 million and book-to-bill ratio of 1.06 Net loss of $9 million and diluted EPS of negative $1.62 Adjusted EBITDA of $9 million , a sequential increase of $5 million , or 112% HOUSTON --(BUSINESS WIRE)--May 5, 2022-- Forum Energy…

April 14, 2022

Forum Energy Technologies Announces Timing of First Quarter 2022 Earnings Release and Conference Call

HOUSTON --(BUSINESS WIRE)--Apr. 14, 2022-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2022 earnings conference call at 10:00 AM CDT on Friday, May 6, 2022 . Forum will issue a press release regarding its first quarter 2022 earnings prior to the…

February 28, 2022

Forum Energy Technologies Announces Full Year and Fourth Quarter 2021 Results

Full Year 2021 Highlights Revenue increased $29 million year-over-year to $541 million Orders of $632 million and a book-to-bill ratio of 1.17 Net loss of $83 million Adjusted EBITDA increased $39 million to $20 million Acquired two new technologies complementary to our portfolio HOUSTON…