Revenue of $239 million Net loss of $533 million and diluted EPS of $(4.83) Adjusted EBITDA of $22 million Cash flow from operations of $35 million and free cash flow after capital expenditures of $32 million Net debt reduced by $70 million HOUSTON --(BUSINESS WIRE)--Oct.
HOUSTON --(BUSINESS WIRE)--Oct. 2, 2019-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2019 earnings conference call at 9:00 AM CDT on Friday, October 25, 2019 . Forum will issue a press release regarding its third quarter 2019 earnings prior to
HOUSTON --(BUSINESS WIRE)--Aug. 21, 2019-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that its subsidiaries have entered into a definitive agreement to sell their aggregate 40% interest in Ashtead Technology, a subsea rentals company. Total consideration for Forum’s interest and
Revenue of $246 million Diluted EPS of $(0.12) and adjusted EPS of $(0.08) Net loss of $14 million and adjusted EBITDA of $18 million Cash flow from operations of $23 million and free cash flow after capital expenditures of $18 million HOUSTON --(BUSINESS WIRE)--Jul.
HOUSTON --(BUSINESS WIRE)--Jul. 2, 2019-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2019 earnings conference call at 9:00 AM CDT on Friday, July 26, 2019 . Forum will issue a press release regarding its second quarter 2019 earnings prior to the
HOUSTON --(BUSINESS WIRE)--Jun. 13, 2019-- Forum Energy Technologies, Inc. (NYSE: FET) announced that Forum will be participating in the 2019 J.P. Morgan Energy Conference to be held June 18 - 19, 2019 in New York . C. Christopher Gaut , Forum’s Chairman and Chief Executive Officer, is scheduled to
Revenue of $272 million in 1Q19 Diluted EPS of $(0.07) and adjusted EPS of $(0.04) in 1Q19 Net loss of $8 million and adjusted EBITDA of $22 million in 1Q19 Cash flow from operations of $18 million and free cash flow of $14 million in 1Q19 HOUSTON --(BUSINESS WIRE)--Apr.
HOUSTON --(BUSINESS WIRE)--Apr. 3, 2019-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2019 earnings conference call at 9:00 AM CDT on Friday, April 26, 2019 . Forum will issue a press release regarding its first quarter 2019 earnings prior to the
HOUSTON --(BUSINESS WIRE)--Feb. 18, 2019-- Forum Energy Technologies, Inc. (NYSE: FET), announced that it has promoted John C. Ivascu to serve as Senior Vice President, General Counsel and Secretary, effective February 15, 2019 . James L. McCulloch , Forum’s General Counsel since 2010, has
Cash flow from operations of $27 million and free cash flow of $23 million in 4Q18 Revenue of $273 million in 4Q18, up 2% q/q Net loss of $384 million and adjusted EBITDA of $21 million in 4Q18 HOUSTON --(BUSINESS WIRE)--Feb. 7, 2019-- Forum Energy Technologies, Inc.
HOUSTON --(BUSINESS WIRE)--Jan. 8, 2019-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2018 earnings conference call at 9:00 AM CST on Friday, February 8, 2019 . Forum will issue a press release regarding its fourth quarter and full
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.
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.
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.
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
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
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.
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
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
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
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
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 .
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
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
HOUSTON --(BUSINESS WIRE)--Oct. 30, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2017 revenue of $199 million . Net loss for the quarter was $15 million , or $0.15 per diluted share, compared to a net loss of $78 million , or $0.81 per diluted share, for the
HOUSTON --(BUSINESS WIRE)--Oct. 11, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that its third quarter results were adversely affected by Hurricane Harvey’s widespread damage in Texas and Louisiana . Forum was impacted by temporarily idled facilities and operations directly
HOUSTON --(BUSINESS WIRE)--Oct. 5, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2017 earnings conference call at 9:00 AM CDT on Tuesday, October 31, 2017 . Forum will issue a press release regarding its third quarter 2017 earnings prior to
HOUSTON --(BUSINESS WIRE)--Aug. 30, 2017-- Forum Energy Technologies, Inc. ( NYSE:FET ) announced that Forum will be participating in the 2017 Barclays CEO Energy-Power Conference to be held September 5 - 7, 2017 in New York . C. Christopher Gaut , Forum’s Executive Chairman and Prady Iyyanki,
HOUSTON --(BUSINESS WIRE)--Aug. 28, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it signed a definitive agreement to acquire the membership interests in Global Tubing from its joint venture partner Quantum Energy Partners . As part of the transaction, Forum will also
HOUSTON --(BUSINESS WIRE)--Jul. 27, 2017-- Forum Energy Technologies, Inc. (NYSE:FET) today announced second quarter 2017 revenue of $201 million , an increase of $30 million , or 18%, from the first quarter 2017. Net loss for the quarter was $78 million , or $0.81 per diluted share, compared to a
HOUSTON --(BUSINESS WIRE)--Jul. 5, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it acquired the stock of Multilift from Pelican Energy Partners , a Houston -based oilfield services focused private equity fund, and management.
HOUSTON --(BUSINESS WIRE)--Jun. 28, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2017 earnings conference call at 9:00 AM CDT on Friday, July 28, 2017 . Forum will issue a press release regarding its second quarter 2017 earnings prior to
HOUSTON --(BUSINESS WIRE)--Apr. 27, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2017 revenue of $171 million , an increase of $24 million , or 16%, from the fourth quarter 2016. Net loss for the quarter was $16 million , or $0.16 per diluted share, compared to a
HOUSTON --(BUSINESS WIRE)--Apr. 4, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2017 earnings conference call at 9:00 AM CDT on Friday, April 28, 2017 . Forum will issue a press release regarding its first quarter 2017 earnings prior to the
HOUSTON --(BUSINESS WIRE)--Feb. 20, 2017-- Forum Energy Technologies, Inc. (NYSE:FET) announced today that as part of a long planned transition its Board of Directors appointed Mr. Prady Iyyanki as President and Chief Executive Officer, effective May 16, 2017 . Mr.
HOUSTON --(BUSINESS WIRE)--Feb. 9, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2016 revenue of $147 million , an increase of $9 million , or 6%, from the third quarter 2016. Net loss for the quarter was $13 million , or $0.14 per diluted share, compared to a
HOUSTON --(BUSINESS WIRE)--Jan. 10, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter 2016 earnings conference call at 9:00 AM CST on Friday, February 10, 2017 . Forum will issue a press release regarding its fourth quarter 2016 earnings prior
HOUSTON --(BUSINESS WIRE)--Jan. 9, 2017-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has acquired the assets of Cooper Valves and a 100% ownership interest in Innovate Valve Components. Based in Stafford, Texas , Cooper Valves manufactures Accuseal® metal seated ball valves
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
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
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
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
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
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
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 .
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
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
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
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
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
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
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
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
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
HOUSTON --(BUSINESS WIRE)--Nov. 20, 2015-- Forum Energy Technologies, Inc. ( NYSE: FET ) announced today that Cris Gaut , Chairman and Chief Executive Officer, will be presenting at the Cowen Energy Conference™ on December 2, 2015 at the New York Hilton Midtown, New York, New York .
HOUSTON --(BUSINESS WIRE)--Oct. 22, 2015-- Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2015 revenue of $245 million , a decrease of $224 million , or 48%, from the third quarter 2014. Net income for the quarter was $7 million or $0.07 per diluted share compared to $52
HOUSTON --(BUSINESS WIRE)--Oct. 14, 2015-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2015 earnings conference call at 9:00 AM CDT on Friday, October 23, 2015 . This is a time change, as the call was previously scheduled for 8:00 AM CDT on
HOUSTON --(BUSINESS WIRE)--Oct. 5, 2015-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2015 earnings conference call at 8:00 AM CDT on Friday, October 23, 2015 . Forum will issue a press release regarding its third quarter 2015 earnings prior to
HOUSTON --(BUSINESS WIRE)--Sep. 1, 2015-- Forum Energy Technologies, Inc. (FET) is pleased to announce the signing of a contract with Egyptian Refining Company (ERC) to engineer, design and build eight Edge™ II desalters. The desalters will be utilized in the Cairo Oil Refinery Company’s expansion
HOUSTON --(BUSINESS WIRE)--Jul. 23, 2015-- Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2015 revenue of $284 million , a decrease of $144 million , or 34%, from the second quarter 2014. Net income for the quarter was $9 million or $0.10 per diluted share compared to
HOUSTON --(BUSINESS WIRE)--Jun. 29, 2015-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2015 earnings conference call at 9:00 AM CDT on Friday, July 24, 2015 . Forum will issue a press release regarding its second quarter 2015 earnings prior to
HOUSTON --(BUSINESS WIRE)--Apr. 23, 2015-- Forum Energy Technologies, Inc. (NYSE:FET) today announced first quarter 2015 revenue of $348 million , a decrease of $56 million , or 14%, from the first quarter 2014. Net income for the quarter was $29 million or $0.31 per diluted share compared to $37
HOUSTON --(BUSINESS WIRE)--Apr. 1, 2015-- Forum Energy Technologies, Inc. (NYSE:FET) announced today that it will host its first quarter 2015 earnings conference call at 9:00 AM CDT on Friday, April 24, 2015 . Forum will issue a press release regarding its first quarter 2015 earnings prior to the
HOUSTON --(BUSINESS WIRE)--Feb. 11, 2015-- Forum Energy Technologies, Inc. (NYSE:FET) today announced fourth quarter 2014 revenue of $439 million , an increase of $45 million or 11%, from the fourth quarter 2013. Net income for the quarter was $46 million , or $0.49 per diluted share, compared to
HOUSTON --(BUSINESS WIRE)--Feb. 3, 2015-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has acquired J-Mac Tool, Inc. (J-Mac). J-Mac, located in Fort Worth, Texas , manufactures high quality hydraulic fracturing pumps, power ends, fluid ends, and other pump accessories.
