News Releases

September 8, 2021

FET Extends $179 Million Bank Credit Facility to September 2026

HOUSTON --(BUSINESS WIRE)--Sep. 8, 2021-- Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has entered into an amendment to its asset-based revolving credit facility (the “Credit Facility”). The key elements of the amendment include: (i) the maturity has been extended, subject to…

August 5, 2021

Forum Energy Technologies Announces Second Quarter 2021 Results

Revenue of $137 million , 20% sequential increase Net loss of $22 million and diluted EPS of negative $3.87   Adjusted EBITDA of $7 million Operating cash flow of $4 million and free cash flow of $4 million   HOUSTON --(BUSINESS WIRE)--Aug. 5, 2021-- Forum Energy Technologies, Inc.…

July 21, 2021

Forum Energy Technologies Announces Timing of Second Quarter 2021 Earnings Release and Conference Call

HOUSTON --(BUSINESS WIRE)--Jul. 21, 2021-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2021 earnings conference call at 10:00 AM CDT on Friday, August 6, 2021 . Forum will issue a press release regarding its second quarter 2021 earnings prior to…

July 1, 2021

Forum Energy Technologies Announces Appointment of Dr. Emily Reichert, Ph.D., CEO of Greentown Labs, to Its Board of Directors

HOUSTON --(BUSINESS WIRE)--Jul. 1, 2021-- Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Dr. Emily Reichert , Ph.D. to its Board of Directors. Dr. Reichert will also serve as a member of the Nominating, Governance and Sustainability Committee . In connection with Dr.…

May 6, 2021

Forum Energy Technologies Announces First Quarter 2021 Results

Revenue of $115 million Net loss of $30 million and diluted EPS of negative $5.28   Adjusted EBITDA of $2 million Operating cash flow of negative $1 million and free cash flow approximately zero HOUSTON --(BUSINESS WIRE)--May 6, 2021-- Forum Energy Technologies, Inc.…

April 15, 2021

Forum Energy Technologies Announces Timing of First Quarter 2021 Earnings Release and Conference Call

HOUSTON --(BUSINESS WIRE)--Apr. 15, 2021-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2021 earnings conference call at 10:00 AM CDT on Friday, May 7, 2021 . Forum will issue a press release regarding its first quarter 2021 earnings prior to the…

February 23, 2021

Forum Energy Technologies Announces Fourth Quarter 2020 Results

Bookings increased 34% sequentially to $124 million Revenue increased 9% sequentially to $113 million Net loss of $33 million and diluted EPS of negative $5.85   Adjusted EBITDA improved $7 million sequentially to negative $3 million Operating cash flow of $2 million and free cash flow of $4…

February 9, 2021

Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2020 Earnings Release and Conference Call

HOUSTON --(BUSINESS WIRE)--Feb. 9, 2021-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2020 earnings conference call at 10:00 AM CST on Wednesday, February 24, 2021 . Forum will issue a press release regarding its fourth quarter and…

January 4, 2021

Forum Energy Technologies Divests ABZ and Quadrant Valve Brands

HOUSTON --(BUSINESS WIRE)--Jan. 4, 2021-- Forum Energy Technologies, Inc. (NYSE: FET) today announced that on December 31, 2020 it completed the sale of assets associated with its ABZ and Quadrant valve brands to Anvil and Smith-Cooper International .…