Dan Pickering's questions to Forum Energy Technologies Inc (FET) leadership • Q2 2025
Question
Dan Pickering from Pickering Energy Partners asked about the expected share count following buybacks, the drivers behind the increased free cash flow guidance, the strategy for entering growth markets with low CapEx, and the role of M&A in the 'Vision 2030' plan.
Answer
EVP & CFO D. Lyle Williams detailed the potential to repurchase another 10% of shares by year-end and attributed higher free cash flow guidance primarily to significant working capital reductions in the second half. President & CEO Neal Lux added that growth requires minimal CapEx due to an existing global footprint and that while accretive M&A is considered, the bar is high given the attractiveness of share buybacks.