Jeffrey Robertson

Steve Ferazani

John Daniel

Daniel Pickering

Dan Pickering

David Storms

Jeff Robertson

Joshua Jayne

Dave Storms

- FORUM ENERGY TECHNOLOGIES (FET) updated its full-year 2025 adjusted EBITDA guidance to **$85 million**, reflecting a **5% decline in global rig count** and softer U.S. activity.  **[1401257_2147352_7]** 
- Despite the revised EBITDA, FET raised its full-year 2025 free cash flow outlook to **$60 million to $80 million**, driven by working capital management and a real estate sale-leaseback, indicating a free cash flow yield of **19% to 25%**.  **[1401257_2147352_9]** 
- The company's Vision 2030 strategy targets organically **doubling revenue by 2030** by expanding market share in growth markets from **8% to 16%** over the next five years, which could add **nearly $250 million** in revenue in a flat market.  **[1401257_2147352_4]** **[1401257_2147352_10]** 
- FET's capital allocation framework dedicates **50% of free cash flow** to debt reduction, with net debt at **1.4 times** at the end of Q2, and the remaining **50%** to strategic investments, currently prioritizing share repurchases.  **[1401257_2147352_9]** 
- Through July, FET repurchased **579,000 shares** for approximately **$11 million**, representing about **5% of shares outstanding** at the start of January.  **[1401257_2147352_9]**

FORUM ENERGY TECHNOLOGIES Updates 2025 Financial Outlook and Details Vision 2030 Growth Strategy