Forum Energy Technologies Inc (N:FET)
Business Focus: Oil Related Services and Equipment
| Sector: Energy | Industry: Oil Related Services and Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 10344 Sam Houston Park Drive, Suite 300 HOUSTON TX 77064 |
| Tel: | N/A |
| Website: | www.f-e-t.com |
| IR: | See website |
| Key People | ||
| Neal A. Lux President, Chief Executive Officer, Director | D. Lyle Williams Chief Financial Officer, Executive Vice President | Michael D. Danford Chief Human Resource Officer, Senior Vice President | John C. Ivascu Executive Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary |
| Business Overview |
| Forum Energy Technologies, Inc. is a global company serving the oil, natural gas, industrial, and renewable energy industries. The Company's segments include Drilling & Downhole, Completions and Production. Its Drilling & Downhole segment designs, manufactures and supplies products and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. Its Completions segment designs, manufactures and supplies products and provides related services to the coiled tubing, well stimulation and intervention markets. Its Production segment designs, manufactures, and supplies products and provides related equipment and services for the production and infrastructure markets. It provides a range of industrial valves. The Company also manufactures customized downhole technology solutions in sand and flow control for heavy oil applications. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Forum Energy Technologies Inc revenues increased 6% to $738.9M. Net loss totaled $18.9M vs. income of $3.7M. Revenues reflect Drilling and Downhole segment increase of 8% to $329.6M, Production and Infrastructure segment increase of 11% to $145.9M, Completions segment increase of less than 1% to $265.6M, Middle East segment increase of 72% to $89.3M, Europe & Africa segment increase of 12% to $64.2M. |
| Employees: | 1,600 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $320.19M as of Dec 31, 2023 |
| Annual revenue (TTM): | $738.86M as of Dec 31, 2023 |
| EBITDA (TTM): | $58.49M as of Dec 31, 2023 |
| Net annual income (TTM): | -$18.88M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.24M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $84.59M as of Dec 31, 2023 |
| Shares outstanding: | 12,283,670 as of Feb 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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