Earnings summaries and quarterly performance for FORUM ENERGY TECHNOLOGIES.
Executive leadership at FORUM ENERGY TECHNOLOGIES.
Board of directors at FORUM ENERGY TECHNOLOGIES.
Research analysts who have asked questions during FORUM ENERGY TECHNOLOGIES earnings calls.
SF
Steve Ferazani
Sidoti & Company
6 questions for FET
Also covers: AROC, ASTE, BRC +16 more
JD
John Daniel
Daniel Energy Partners
5 questions for FET
Also covers: ACDC, AESI, CLB +20 more
Daniel Pickering
Pickering Energy Partners
4 questions for FET
Jeffrey Robertson
Water Tower Research
4 questions for FET
Also covers: AMPY, BATL, DNOW +14 more
Jeff Robertson
Water Tower Research
4 questions for FET
Also covers: AMPY, EGY, EPM +5 more
David Storms
Stonegate Capital Partners
3 questions for FET
Also covers: ACOG, AMTX, ARLP +19 more
EC
Eric Carlson
Independent Analyst
2 questions for FET
JJ
Joshua Jayne
Daniel Energy Partners
2 questions for FET
Also covers: AESI, AROC, BORR +20 more
Keith Beckmann
Pickering Energy Partners
2 questions for FET
Also covers: FLOC, INVX, LB +4 more
Recent press releases and 8-K filings for FET.
Forum Energy Technologies Reports Strong Q4 and Full Year 2025 Results, Provides Optimistic 2026 Guidance
FET
Earnings
Guidance Update
Share Buyback
- Forum Energy Technologies reported Q4 2025 revenue of $202 million and Adjusted EBITDA of $23 million, both exceeding the top end of guidance. For the full year 2025, the company generated $80 million in Free Cash Flow, reduced net debt by 28%, and repurchased approximately 11% of its shares outstanding.
- For full year 2026, the company is guiding revenue between $800 million and $880 million, EBITDA between $90 million and $110 million, and Free Cash Flow between $55 million and $75 million. Q1 2026 guidance includes revenue of $190 million to $210 million and EBITDA of $21 million to $25 million.
- In 2025, FET achieved a full year book-to-bill of 113%, with the Subsea product line at nearly 190%, resulting in the highest year-end backlog in 11 years, up 46% since the start of 2025. The company also commercialized 10 new products and realized $15 million in ongoing annualized savings from structural cost reductions.
7 days ago
FET Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
FET
Earnings
Guidance Update
Share Buyback
- FET reported Q4 2025 revenue of $202 million and Adjusted EBITDA of $23 million, both exceeding the top end of their guidance range, contributing to a full-year 2025 free cash flow of $80 million.
- The company achieved a full-year 2025 book-to-bill ratio of 113%, with the subsea product line at nearly 190%, leading to the highest year-end backlog in 11 years, up 46% since the start of 2025.
- In 2025, FET reduced net debt by 28% to $107 million and repurchased approximately 11% of its shares outstanding. The company also implemented structural cost reductions yielding approximately $15 million of ongoing annualized savings.
- For full-year 2026, FET is guiding revenue between $800 million and $880 million, EBITDA between $90 million and $110 million, and free cash flow between $55 million and $75 million.
7 days ago
Forum Energy Technologies Reports Strong Q4 and Full-Year 2025 Results, Provides Optimistic 2026 Guidance
FET
Earnings
Guidance Update
Share Buyback
- Forum Energy Technologies (FET) reported $202 million in revenue and $23 million in adjusted EBITDA for Q4 2025, exceeding guidance, and delivered $80 million in free cash flow for the full year 2025.
- In 2025, FET reduced net debt by 28% and repurchased approximately 11% of its shares outstanding, returning $35 million to shareholders.
- The company enters 2026 with its highest year-end backlog in 11 years, up 46% since the start of 2025, driven by a full-year book-to-bill of 113%.
- For full-year 2026, FET is guiding revenue between $800 million and $880 million (6% growth), EBITDA between $90 million and $110 million (16% increase), and free cash flow between $55 million and $75 million.
- Strategic initiatives in 2025 included commercializing 10 new products and executing structural cost reductions delivering approximately $15 million of ongoing annualized savings.
7 days ago
Forum Energy Technologies Announces Q4 and Full Year 2025 Results and 2026 Guidance
FET
Earnings
Guidance Update
Share Buyback
- Forum Energy Technologies reported Q4 2025 revenue of $202 million and adjusted net income of $5 million, with full year 2025 revenue of $791.474 million and adjusted net income of $7.439 million.
- For the full year 2025, the company generated $70 million in operating cash flow and $80 million in free cash flow, repurchased 1.4 million shares returning $35 million to shareholders, and reduced net debt by 28%.
- The company's backlog reached $312 million at the end of 2025, an 11-year high and 46% greater than a year ago.
- For full year 2026, FET expects revenue between $800 million and $880 million, adjusted net income between $18 million and $38 million, and adjusted EBITDA between $90 million and $110 million.
Feb 19, 2026, 11:05 PM
Forum Energy Technologies Announces Q4 and Full Year 2025 Results and 2026 Outlook
FET
Earnings
Guidance Update
Share Buyback
- Forum Energy Technologies reported Fourth Quarter 2025 revenue of $202 million.
- For the full year 2025, the company achieved orders of $891 million with a book-to-bill ratio of 113% and generated $80 million in free cash flow.
- In 2025, the company repurchased 1.4 million shares, representing 11% of total shares outstanding, returning $35 million to shareholders.
- For Full Year 2026, the company provided guidance projecting revenue between $800 - $880 million (up 6%) and Adjusted EBITDA between $90 - $110 million (a 16% increase).
Feb 19, 2026, 10:46 PM
FET Extends Credit Facility Maturity
FET
Debt Issuance
New Projects/Investments
- Forum Energy Technologies (FET) has amended its senior secured asset-based lending credit facility, extending its maturity to February 2031.
- The credit facility commitments remain at $250 million, providing significant flexibility for strategic initiatives.
- The total amount of letters of credit that may be issued was increased to $110 million.
- Interest rates on borrowings outstanding were modified to an excess availability-based structure with improved pricing.
Feb 4, 2026, 10:19 PM
Forum Energy Technologies Highlights Strong Financial Performance, Debt Reduction, and Future Growth Strategy
FET
Revenue Acceleration/Inflection
Share Buyback
Guidance Update
- Forum Energy Technologies (FET) reported a 15% compound annual growth rate for revenue and a 73% annual free cash flow growth since 2021, with EBITDA increasing fivefold from $20 million in 2021 to 2024, and EBITDA margins rising from 4% to 12%.
- The company has significantly strengthened its balance sheet, reducing net debt by 67% from $344 million to $114 million by the end of the third quarter, and has repurchased approximately 7% of its shares outstanding (1.1 million shares) through October of the current year.
- FET projects substantial future growth, aiming to increase revenue to $1 billion in a flat market or $1.6 billion in an expanding market by 2030, which could nearly quadruple EBITDA and triple free cash flow.
- The company has a strong backlog, the highest since 2015, with a book-to-bill ratio of 122%, and anticipates $15 million in structural cost savings through 2025, with $10 million already realized.
Dec 9, 2025, 3:00 PM
FET Highlights Strong Financial Performance and Future Growth Prospects
FET
Revenue Acceleration/Inflection
Share Buyback
Guidance Update
- Forum Energy Technologies (FET) reported strong financial performance from 2021 to 2024, achieving a 15% compound annual revenue growth rate and increasing EBITDA five times from $20 million in 2021 to $100 million in 2024.
- The company has significantly strengthened its balance sheet, reducing net debt by 67% from $344 million to $114 million by the end of the third quarter, and has repurchased approximately 7% of its shares outstanding through October 2025.
- FET projects substantial future growth, aiming to increase revenue to $1 billion in a flat market or $1.6 billion in an expanding market by 2030, which could nearly quadruple EBITDA and nearly triple free cash flow.
- FET's backlog is the strongest it has been since 2015, with a book-to-bill ratio of 122%, and the company expects $15 million in structural cost savings through 2025, with $10 million already realized.
Dec 9, 2025, 3:00 PM
Forum Energy Technologies (FET) Reports Strong Financial Performance and Outlines Growth Strategy
FET
Revenue Acceleration/Inflection
Share Buyback
New Projects/Investments
- Forum Energy Technologies (FET) demonstrated strong financial performance with a 15% compound annual revenue growth rate from 2021 to 2024 and a five-fold increase in EBITDA over the same period, reaching 12% EBITDA margins in 2024.
- The company has significantly deleveraged, reducing net debt by 67% from $344 million to $114 million by the end of Q3 since 2019, and has returned capital by repurchasing approximately 7% of its shares outstanding through October of the current year.
- FET projects substantial future growth, aiming to increase revenue to $1 billion in a flat market or $1.6 billion by 2030 in an expanding market, which could lead to a near quadrupling of EBITDA and a near tripling of free cash flow.
- The company reported a strong backlog, the strongest since 2015, a 122% book-to-bill ratio, and is implementing $15 million in structural cost reductions through 2025.
Dec 9, 2025, 3:00 PM
FET Presents Strong Financial Performance and Growth Outlook at Investor Summit
FET
Guidance Update
Share Buyback
New Projects/Investments
- FET reported a strong financial performance with revenue growing from $541 million in 2021 to $816 million in 2024, and EBITDA increasing from $20 million to $100 million over the same period, demonstrating a track record of outperformance against the Russell 2000.
- The company has significantly deleveraged, reducing net debt from $344 million in December 2019 to $114 million as of September 30, 2025, and has a capital allocation framework that includes 50% of free cash flow for net debt reduction and 50% for strategic investments.
- FET projects substantial growth, with estimated revenue of $780 million and EBITDA of $85 million for 2025, forecasting revenue to reach $1.6 billion and Free Cash Flow to increase by approximately 3x to $200-$230 million by 2030 in a growing market scenario.
- As of September 30, 2025, FET exhibits an Adjusted Cash Flow Yield of 25% and an Enterprise Value to EBITDA of 4.9x, indicating an attractive valuation compared to the Russell 2000, and has repurchased 1.1 million shares through October 2025.
Dec 9, 2025, 3:00 PM
Quarterly earnings call transcripts for FORUM ENERGY TECHNOLOGIES.
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