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
Pablo G. Mercado
Chief Financial Officer, Senior Vice President and Treasurer
John C. Ivascu
Senior Vice President, General Counsel, Secretary
Michael D. Danford
Senior Vice President - Human Resources
D. Lyle Williams
Senior Vice President - Operations
John McElroy
Principal Accounting Officer
James L. McCulloch
Chief Compliance Officer and Special Advisor to CEO
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 nine months ended 30 September 2019, Forum Energy Technologies Inc revenues decreased 4% to $756.8M. Net loss before extraordinary items increased from $5.9M to $554.6M. Revenues reflect Completions segment decrease of 26% to $246.8M, Production and Infrastructure segment decrease of 5% to $256.3M, United States segment decrease of 10% to $540.1M, Canada segment decrease of 8% to $49.5M.
Employees: 2,500 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $506.89M as of Sep 30, 2019
Annual revenue (TTM): $1,030M as of Sep 30, 2019
EBITDA (TTM): $37.99M as of Sep 30, 2019
Net annual income (TTM): -$938.36M as of Sep 30, 2019
Free cash flow (TTM): $85.61M as of Sep 30, 2019
Net Debt Last Fiscal Year: $372.13M as of Sep 30, 2019
Shares outstanding: 110,464,461 as of Oct 29, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization