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 Dr Ste 300
HOUSTON TX 77064-4666
Tel: N/A
IR: See website
Key People
C. Christopher Gaut
Chairman of the Board, President, Chief Executive Officer
D. Lyle Williams
Chief Financial Officer, Executive Vice President
Michael D. Danford
Chief Human Resource Officer, Executive Vice President
John C. Ivascu
Executive Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary
Neal Lux
Executive Vice President - Operations
Business Overview
Forum Energy Technologies, Inc. is an oilfield products company. The Company designs, manufactures and distributes products, and engages in aftermarket services, parts supply and related services. The Company operates through three segments: Drilling & Subsea, Completions, and Production & Infrastructure. The Drilling & Subsea segment designs and manufactures products, and provides related services to the drilling and subsea construction markets. The Completions segment designs, manufactures and supplies products, and provide related services to the well construction, completion, stimulation and intervention markets. The Production & Infrastructure segment designs, manufactures and supplies products, and provides related equipment and services to production and infrastructure markets. Its product offering includes a mix of engineered capital products and replaced items that are used in the exploration, development, production and transportation of oil and natural gas.
Financial Overview
For the six months ended 30 June 2020, Forum Energy Technologies Inc revenues decreased 43% to $295.9M. Net loss increased 97% to $42.6M. Revenues reflect Completions segment decrease of 61% to $68.4M, Production and Infrastructure segment decrease of 41% to $104.2M, Drilling and Downhole segment decrease of 26% to $123.8M, United States segment decrease of 49% to $194.2M, Europe & Africa segment decrease of 45% to $19.6M.
Employees: 2,300 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $370.69M as of Jun 30, 2020
Annual revenue (TTM): $734.95M as of Jun 30, 2020
EBITDA (TTM): -$15.32M as of Jun 30, 2020
Net annual income (TTM): -$588.07M as of Jun 30, 2020
Free cash flow (TTM): $53.91M as of Jun 30, 2020
Net Debt Last Fiscal Year: $304.08M as of Jun 30, 2020
Shares outstanding: 111,342,008 as of Aug 21, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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