Forum Energy Technologies Inc (N:FET)

Business Focus: Oil Related Services and Equipment

Apr 16, 2024 04:43 pm ET

Forum Energy Technologies Announces Timing of First Quarter 2024 Earnings Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2024 earnings conference call at 10:00 a.m. Central Time on Friday, May 3, 2024. FET will issue a press release reporting its first quarter 2024 earnings prior to the conference call.

Apr 16, 2024 01:12 pm ET

EnerCom is Pleased to Announce that Registration is Now Open for the 29th Annual EnerCom Denver - The Energy Investment Conference

Investors are encouraged to register for EnerCom Denver – The Energy Investment Conference featuring a broad group of public and private energy companies at www.enercomdenver.com

Mar 05, 2024 05:45 pm ET

Stonegate Capital Partners Initiates Coverage on Forum Energy Technologies, Inc. (FET)

Dallas, Texas--(Newsfile Corp. - March 5, 2024) - Forum Energy Technologies, Inc. (NYSE: FET): Stonegate Capital Partners initiates their coverage on Forum Energy Technologies, Inc. (NYSE: FET).

Feb 29, 2024 04:42 pm ET

Forum Energy Technologies Announces Fourth Quarter and Full Year 2023 Results and Outlook

Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2023 revenue of $185 million, a $6 million increase from the third quarter. The fourth quarter net loss was $17 million, or $1.64 per diluted share, compared to third quarter net income of $8 million, or $0.77 per diluted share. Excluding $9 million of foreign exchange losses and $4 million of transaction and other nonrecurring items, cumulatively $1.25 per share, adjusted net loss was $0.39 per diluted share, compared to adjusted net income of $0.05 per diluted share in the third quarter. Fourth quarter adjusted EBITDA

Feb 28, 2024 05:30 pm ET

Forum Energy Technologies Reschedules Fourth Quarter and Full Year 2023 Earnings Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2023 earnings conference call at 10:00 a.m. Central Time on Friday, March 1, 2024. FET delayed its fourth quarter and full year 2023 earnings release and investor conference call to allow time to assess valuation allowance reserves in an international jurisdiction and quantify the potential impact to income tax and net income. After careful review and analysis, including the company’s independent auditors, the valuation allowance reserves remain unchanged. FET will issue a press relea

Feb 19, 2024 08:12 pm ET

Forum Energy Technologies to Delay Issuance of Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call; Provides Preliminary Results and 2024 Guidance

Forum Energy Technologies, Inc. (NYSE: FET) today announced that it will delay the issuance of its fourth quarter and full year 2023 earnings release and investor conference call. Additional time is required to quantify, if any, the impact to income tax and net income from adjusting valuation allowance reserves in an international jurisdiction. No meaningful impact to revenue, adjusted EBITDA, or free cash flow is expected. FET expects to issue its fourth quarter and full year 2023 results and host its investor conference call around March 1, 2024.

Jan 23, 2024 04:55 pm ET

Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2023 Earnings Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2023 earnings conference call at 10:00 a.m. Central Time on Tuesday, February 20, 2024. FET will issue a press release reporting its fourth quarter and full year 2023 earnings prior to the conference call.

Jan 16, 2024 08:29 am ET

Forum Energy Technologies to Present at the Sidoti Virtual Investor Conference

Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financial Officer, are scheduled to present at the Sidoti Virtual Investor Conference on Wednesday, January 17, 2024 at 3:15 p.m. Eastern Time.

Jan 15, 2024 08:47 am ET

Sidoti Events, LLC's Virtual January Micro-Cap Conference

NEW YORK, NY / ACCESSWIRE / January 16, 2024 / Sidoti Events, LLC, an affiliate of Sidoti & Company, LLC, has released the presentation schedule and weblinks for its two-day January Micro-Cap Conference taking place Wednesday and Thursday, January 17-18, 2024. The presentation schedule is subject to change. Please visit www.sidoti.com/events for the most updated version and webinar links.

Jan 10, 2024 07:00 am ET

Presenting on Emerging Growth Conference 66 Day 2 on January 11 Register to Stream

EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 66th Emerging Growth Conference on January 10 & 11, 2024. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with...

Jan 05, 2024 08:29 am ET

Forum Energy Technologies Completes Acquisition of Variperm Energy Services

Forum Energy Technologies, Inc. (NYSE: FET) today announced it has completed the acquisition of Variperm Energy Services (“Variperm”), a leading manufacturer of customized downhole technology solutions, providing sand and flow control products for heavy oil applications. Total consideration for the acquisition consisted of $150 million of cash and 2 million shares of FET’s common stock, subject to customary purchase price adjustments.

Dec 21, 2023 08:29 am ET

Forum Energy Technologies Receives Approval to Proceed with Variperm Acquisition from Canadian Competition Bureau

Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has received approval from the Canadian Competition Bureau to proceed with its planned acquisition of Variperm Energy Services.

Dec 06, 2023 07:00 am ET

Presenting on the Emerging Growth Conference 65 Day 2 on December 7th Register Now

EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 65th Emerging Growth Conference on December 6th and 7th, 2023. The Emerging Growth Conference identifies companies in a wide range of growth sectors,...

Dec 05, 2023 04:46 pm ET

Forum Energy Technologies to Present at the Emerging Growth Conference

Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financial Officer, are scheduled to present at the Emerging Growth Conference on Thursday, December 7, 2023 at 12:35 p.m. Eastern Time.

Dec 04, 2023 08:29 am ET

Forum Energy Technologies Announces Appointment of Ms. Leslie Beyer to its Board of Directors

Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Ms. Leslie Beyer to its board of directors. Ms. Beyer will also serve as a member of the Nominating, Governance and Sustainability Committee.

Nov 02, 2023 06:39 pm ET

Forum Energy Technologies Announces Transformative Acquisition of Variperm Energy Services

Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) today announced that it has entered into a definitive agreement to acquire Variperm Energy Services (“Variperm”) for consideration of $150 million of cash and 2 million shares of FET’s common stock, reflecting a valuation of approximately 3.7x Variperm’s trailing twelve months EBITDA as of September 30, 2023. The transaction is expected to close in January 2024 and is subject to customary closing conditions and Canadian regulatory approval.

Nov 02, 2023 06:30 pm ET

Forum Energy Technologies Announces Third Quarter 2023 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2023 revenue of $179 million, a 3% sequential decrease. Orders increased 7% sequentially to $199 million, with a book-to-bill ratio of 111%. The third quarter 2023 net income was $8 million, or $0.77 per diluted share, compared to a net loss of $7 million, or $0.64 per diluted share, for the second quarter 2023.

Oct 10, 2023 04:47 pm ET

Forum Energy Technologies Announces Timing of Third Quarter 2023 Earnings Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2023 earnings conference call at 10:00 a.m. Central Time on Friday, November 3, 2023. FET will issue a press release reporting its third quarter 2023 earnings prior to the conference call.

Aug 14, 2023 04:39 pm ET

Forum Energy Technologies to Present at EnerCom Denver – The Energy Investment Conference

Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, Chief Executive Officer and President, will present at the EnerCom Denver – The Energy Investment Conference. Mr. Lux’s presentation is scheduled for Tuesday, August 15, 2023 at 3:10 p.m. Mountain Time.

Aug 03, 2023 06:00 pm ET

Forum Energy Technologies Announces Second Quarter 2023 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2023 revenue of $185 million, an 8% year-over-year increase. Orders were $186 million, with a book-to-bill ratio of 100%. The second quarter 2023 net loss was $7 million, or $0.64 per diluted share, compared to a net loss of $3 million, or $0.34 per diluted share, for the first quarter 2023.

Jul 27, 2023 02:16 pm ET

Energy Transition and Emerging Technology Companies are Set to Present at the 28th Annual EnerCom Denver - The Energy Investment Conference, to be held August 13-16, 2023, in Denver, Colorado

Presentation Times and Schedule for All Participating Companies Now Posted on the Conference Website www.enercomdenver.com – Presenting Companies Continue to be Added

Jul 10, 2023 04:59 pm ET

Forum Energy Technologies Announces Timing of Second Quarter 2023 Earnings Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2023 earnings conference call at 10:00 a.m. Central Time on Friday, August 4, 2023. FET will issue a press release reporting its second quarter 2023 earnings prior to the conference call.

May 04, 2023 04:44 pm ET

Forum Energy Technologies Announces First Quarter 2023 Results and Reaffirms 2023 Guidance

Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2023 revenue of $189 million, a 22% year-over-year increase and a $2 million sequential decrease. Orders received were $179 million, with a book-to-bill ratio of 95%. The first quarter 2023 net loss was $4 million, or $0.34 per diluted share, compared to net loss of $13 million, or $2.22 per diluted share, for the fourth quarter 2022.

Apr 10, 2023 04:30 pm ET

Forum Energy Technologies Announces Timing of First Quarter 2023 Earnings Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2023 earnings conference call at 10:00 a.m. Central Time on Friday, May 5, 2023. FET will issue a press release regarding its first quarter 2023 earnings prior to the conference call.

Mar 27, 2023 04:31 pm ET

Forum Energy Technologies Awarded Approximately $25 Million Contract to Provide Desalter Systems to Saudi Aramco

Forum Energy Technologies, Inc. (NYSE: FET) has been awarded an approximately $25 million contract to design, engineer, and supply four electrostatic desalter systems for an onshore project at the Safaniyah oil field, Kingdom of Saudi Arabia. The desalter systems will utilize FET’s EDGETM desalting technology, ForuMixTM high efficiency multiphase mixer technology, as well as in-house manufacturing capabilities at FET’s facility in Dammam, Saudi Arabia.

Feb 20, 2023 06:06 pm ET

Forum Energy Technologies, Inc. Announces Fourth Quarter and Full Year 2022 Results and Outlook

Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2022 revenue of $191 million, a $9 million increase from the third quarter 2022. Orders received were $215 million, with a book-to-bill ratio of 113%. The fourth quarter net loss was $13 million, or $2.22 per diluted share, compared to net income of $17 million, or $1.82 per diluted share, for the third quarter 2022. Excluding $10 million, or $1.77 per share, for special items, adjusted net loss was $0.45 per diluted share, compared to an adjusted net loss of $0.25 per diluted share in the third quarter.

Feb 07, 2023 07:30 am ET

Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2022 Earnings Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2022 earnings conference call at 10:00 a.m. Central Standard Time on Tuesday, February 21, 2023. FET will issue a press release regarding its fourth quarter and full year 2022 earnings prior to the conference call.

Dec 29, 2022 08:00 am ET

Forum Energy Technologies Announces Mandatory Conversion of 9.00% Convertible Senior Secured Notes

Forum Energy Technologies, Inc. (NYSE: FET) today announced the satisfaction of the mandatory conversion requirements under its 9.00% Convertible Senior Secured Notes due August 2025 (the “2025 Notes”). In connection with the conversion, $122.8 million or 47.8% of the 2025 Notes will convert into approximately 4.5 million shares of FET common stock on January 3, 2023, with a settlement date of January 5, 2023. The remaining approximately $134.2 million in aggregate principal of the 2025 Notes are not subject to any optional or further mandatory conversion provisions. FET’s annualized interest

Nov 30, 2022 08:30 am ET

Forum Energy Technologies Closes Sale-Leaseback Transaction

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has closed a sale of four manufacturing and distribution centers located in Texas and Louisiana. The properties will remain an integral part of FET’s operations strategy going forward. In connection with the sale, the Company entered into a long-term lease agreement. The net sales proceeds from the transaction totaled approximately $32 million.

Nov 08, 2022 05:20 pm ET

Forum Energy Technologies Announces Third Quarter 2022 Results and Outlook

Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2022 revenue of $182 million, an increase of $10 million from the second quarter 2022. Net income for the quarter was $16.5 million, or $1.82 per diluted share, a sequential improvement of $7.2 million compared to net income of $9.3 million, or $1.15 per diluted share, for the second quarter 2022. Excluding special items, adjusted net loss was $0.25 per diluted share in the third quarter 2022. Adjusted EBITDA was $17.8 million in the third quarter 2022, a sequential increase of $2.3 million.

Oct 18, 2022 04:39 pm ET

Forum Energy Technologies Announces Date and Time Change For Third Quarter 2022 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has changed the date and time of its previously announced third quarter 2022 earnings conference call to 11:00 a.m. Central Standard Time on Wednesday, November 9, 2022. FET will issue a press release regarding its third quarter 2022 earnings prior to the conference call.

Oct 04, 2022 04:55 pm ET

Forum Energy Technologies Announces Timing of Third Quarter 2022 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2022 earnings conference call at 10:00 a.m. Central Standard Time on Friday, November 11, 2022. FET will issue a press release regarding its third quarter 2022 earnings prior to the conference call.

Aug 04, 2022 06:53 pm ET

Forum Energy Technologies Announces Second Quarter 2022 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2022 revenue of $172 million, an increase of $17 million from the first quarter 2022. Net income for the quarter was $9 million, or $1.15 per diluted share, compared to a net loss of $9 million, or $1.62 per diluted share, for the first quarter 2022. Excluding special items, adjusted net loss was $0.73 per diluted share in the second quarter 2022 compared to an adjusted net loss of $2.00 per diluted share in the first quarter 2022. Adjusted EBITDA was $15.5 million in the second quarter 2022, an increase of approximatel

Jul 20, 2022 05:00 pm ET

Forum Energy Technologies Announces Timing of Second Quarter 2022 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2022 earnings conference call at 10:00 AM CDT on Friday, August 5, 2022. Forum will issue a press release regarding its second quarter 2022 earnings prior to the conference call.

May 05, 2022 05:33 pm ET

Forum Energy Technologies Announces First Quarter 2022 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2022 revenue of $155 million, an increase of $7 million from the fourth quarter 2021. Net loss for the quarter was $9 million, or $1.62 per diluted share, compared to a net loss of $20 million, or $3.46 per diluted share, for the fourth quarter 2021. Excluding special items, adjusted net loss was $2.00 per diluted share in the first quarter 2022 compared to an adjusted net loss of $2.23 per diluted share in the fourth quarter 2021. Adjusted EBITDA was $9 million in the first quarter 2022, an improvement of approximately

Apr 14, 2022 09:56 am ET

Forum Energy Technologies Announces Timing of First Quarter 2022 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2022 earnings conference call at 10:00 AM CDT on Friday, May 6, 2022. Forum will issue a press release regarding its first quarter 2022 earnings prior to the conference call.

Feb 28, 2022 05:08 pm ET

Forum Energy Technologies Announces Full Year and Fourth Quarter 2021 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2021 revenue of $148 million, an increase of $7 million from the third quarter 2021. Orders received in the quarter were $160 million. Net loss for the quarter was $20 million, or $3.46 per diluted share, compared to a net loss of $12 million, or $2.05 per diluted share, for the third quarter 2021. Excluding $7 million, or $1.23 per share of special items, adjusted net loss was $2.23 per diluted share in the fourth quarter 2021, compared to an adjusted net loss of $2.25 per diluted share in the third quarter 2021. Adjus

Feb 07, 2022 07:01 am ET

Forum Energy Technologies Provides Fourth Quarter 2021 Operational Update and Announces Timing of Earnings Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) today announced that fourth quarter 2021 operating results are expected to be below previously provided guidance levels. Results in the fourth quarter were negatively affected by further supply chain disruptions, which caused both revenue to be deferred and costs to increase. In addition, the company incurred excess logistics and freight costs in an effort to mitigate these supply chain disruptions. Also, medical benefit costs were higher than expected in the fourth quarter due to the direct and indirect effects of the COVID pandemic.

Dec 06, 2021 07:00 am ET

Forum Energy Technologies Announces CEO Succession

Forum Energy Technologies, Inc. (NYSE: FET) today announced that as part of the company’s executive management succession planning process, its Board of Directors appointed Mr. Neal Lux as President and Chief Executive Officer, effective February 18, 2022. Mr. Lux currently serves as Executive Vice President and Chief Operating Officer. Mr. C. Christopher Gaut, the current Chairman, President and Chief Executive Officer, will become Executive Chairman at that time. The Board has also appointed Mr. Lux as a Class II director, effective February 18, 2022.

Nov 04, 2021 05:21 pm ET

Forum Energy Technologies Announces Third Quarter 2021 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2021 revenue of $141 million, an increase of $4 million from the second quarter 2021. Net loss for the quarter was $12 million, or $2.05 per diluted share, compared to a net loss of $22 million, or $3.87 per diluted share, for the second quarter 2021. Excluding special items, adjusted net loss was $2.25 per diluted share in the third quarter 2021 compared to an adjusted net loss of $2.66 per diluted share in the second quarter 2021. Adjusted EBITDA was $7 million in the third quarter 2021, an improvement of approximately

Nov 01, 2021 05:01 am ET

Forum Energy Technologies Announces Appointment of Paul E. Rowsey III to Its Board of Directors

Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Mr. Paul E. Rowsey III to its Board of Directors. Mr. Rowsey will also serve as a member of the Compensation Committee. In connection with Mr. Rowsey’s appointment, the Board increased its size to nine directors.

Oct 21, 2021 05:45 pm ET

Forum Energy Technologies Announces Timing of Third Quarter 2021 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2021 earnings conference call at 10:00 AM CDT on Friday, November 5, 2021. Forum will issue a press release regarding its third quarter 2021 earnings prior to the conference call.

Sep 08, 2021 06:13 pm ET

FET Extends $179 Million Bank Credit Facility to September 2026

Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has entered into an amendment to its asset-based revolving credit facility (the “Credit Facility”). The key elements of the amendment include: (i) the maturity has been extended, subject to certain exceptions, to September 2026; (ii) the facility size has been reduced from $250 million to $179 million; and (iii) interest rates on borrowings outstanding under the Credit Facility were modified to LIBOR plus a margin of 2.25% to 2.75%, subject to the Company’s quarterly net leverage. Wells Fargo Bank, National Association, JPMorg

Aug 05, 2021 05:25 pm ET

Forum Energy Technologies Announces Second Quarter 2021 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2021 revenue of $137 million, an increase of $23 million from the first quarter 2021. Net loss for the quarter was $22 million, or $3.87 per diluted share, compared to a net loss of $30 million, or $5.28 per diluted share, for the first quarter 2021. Excluding $7 million, or $1.21 per share of special items, adjusted net loss was $2.66 per diluted share in the second quarter 2021, compared to an adjusted net loss of $3.95 per diluted share in the first quarter 2021. Adjusted EBITDA was $7 million in the second quarter 2

Jul 21, 2021 05:28 pm ET

Forum Energy Technologies Announces Timing of Second Quarter 2021 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2021 earnings conference call at 10:00 AM CDT on Friday, August 6, 2021. Forum will issue a press release regarding its second quarter 2021 earnings prior to the conference call.

Jul 01, 2021 06:01 am ET

Forum Energy Technologies Announces Appointment of Dr. Emily Reichert, Ph.D., CEO of Greentown Labs, to Its Board of Directors

Forum Energy Technologies, Inc. (NYSE: FET) today announced the appointment of Dr. Emily Reichert, Ph.D. to its Board of Directors. Dr. Reichert will also serve as a member of the Nominating, Governance and Sustainability Committee. In connection with Dr. Reichert’s appointment, the Board increased its size to eight directors.

May 06, 2021 05:22 pm ET

Forum Energy Technologies Announces First Quarter 2021 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2021 revenue of $115 million, an increase of $2 million from the fourth quarter 2020. Net loss for the quarter was $30 million, or $5.28 per diluted share, compared to a net loss of $33 million, or $5.85 per diluted share, for the fourth quarter 2020. Excluding $8 million, or $1.33 per share of special items, adjusted net loss was $3.95 per diluted share in the first quarter 2021, compared to an adjusted net loss of $4.80 per diluted share in the fourth quarter 2020. Adjusted EBITDA was $2 million in the first quarter 20

Apr 15, 2021 04:59 pm ET

Forum Energy Technologies Announces Timing of First Quarter 2021 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2021 earnings conference call at 10:00 AM CDT on Friday, May 7, 2021. Forum will issue a press release regarding its first quarter 2021 earnings prior to the conference call.

Feb 23, 2021 07:23 pm ET

Forum Energy Technologies Announces Fourth Quarter 2020 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2020 revenue of $113 million, an increase of $9 million from the third quarter 2020. Orders received in the quarter increased by $32 million to $124 million. Net loss for the quarter was $33 million, or $5.85 per diluted share, compared to a net loss of $22 million, or $3.86 per diluted share, for the third quarter 2020. Excluding $6 million, or $1.05 per share of special items, adjusted net loss was $4.80 per diluted share in the fourth quarter 2020, compared to an adjusted net loss of $6.00 per diluted share in the th

Feb 09, 2021 05:40 pm ET

Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2020 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2020 earnings conference call at 10:00 AM CST on Wednesday, February 24, 2021. Forum will issue a press release regarding its fourth quarter and full year 2020 earnings prior to the conference call.

Jan 04, 2021 06:30 am ET

Forum Energy Technologies Divests ABZ and Quadrant Valve Brands

Forum Energy Technologies, Inc. (NYSE: FET) today announced that on December 31, 2020 it completed the sale of assets associated with its ABZ and Quadrant valve brands to Anvil and Smith-Cooper International. Total consideration for the transaction was $105 million in cash. As part of the transaction, Anvil and Smith-Cooper will employ the ABZ and Quadrant employees primarily located at the operations located in Madison, Kansas and Broussard, Louisiana.

Nov 05, 2020 05:52 pm ET

Forum Energy Technologies Announces Third Quarter 2020 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2020 revenue of $104 million, a decrease of $10 million from the second quarter 2020. Orders received in the quarter increased by $7 million to $92 million. Net loss for the quarter was $22 million, or $0.19 per diluted share, compared to a net loss of $5 million, or $0.05 per diluted share, for the second quarter 2020. Excluding $12 million, or $0.11 per share of special items, adjusted net loss was $0.30 per diluted share in the third quarter 2020, compared to an adjusted net loss of $0.29 per diluted share in the seco

Oct 30, 2020 07:20 am ET

Forum Energy Technologies, Inc. Announces Reverse Stock Split

Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today that its Board of Directors has approved a 1-for-20 reverse stock split of the Company’s issued and outstanding shares of common stock, par value $0.01 per share, accompanied by a corresponding decrease in the Company’s authorized shares of common stock (the “Reverse Stock Split”), such that, following the consummation of the Reverse Stock Split, the number of authorized shares of common stock will be reduced from 296,000,000 to 14,800,000. The Company’s stockholders previously approved the Reverse Stock Spl

Oct 14, 2020 02:44 pm ET

Forum Energy Technologies Announces Timing of Third Quarter 2020 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2020 earnings at 9:00 AM CDT on Friday, November 6, 2020. Forum will issue a press release regarding its third quarter 2020 earnings prior to the conference call.

Aug 06, 2020 05:31 pm ET

Forum Energy Technologies Announces Second Quarter 2020 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2020 revenue of $113 million, a decrease of $69 million from the first quarter 2020. Net loss for the quarter was $5 million, or $0.05 per diluted share, compared to a net loss of $37 million, or $0.33 per diluted share, for the first quarter 2020. Excluding $27 million, or $0.24 per share of special items, adjusted net loss was $0.29 per diluted share in the second quarter 2020, compared to an adjusted net loss of $0.20 per diluted share in the first quarter 2020. Adjusted EBITDA was $(11.6) million in the second quart

Aug 03, 2020 05:30 pm ET

Forum Energy Technologies Announces Timing of Second Quarter 2020 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host a conference call to discuss its recently announced successful debt exchange and its second quarter 2020 earnings at 9:00 AM CDT on Friday, August 7, 2020. Forum will issue a press release regarding its second quarter 2020 earnings prior to the conference call.

Aug 03, 2020 06:46 am ET

Forum Energy Technologies, Inc. Announces Expiration and Results of its Exchange Offer and Consent Solicitation

Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today the expiration and results of its previously announced offer to exchange its existing notes for new 9.00% convertible secured notes due 2025.

Jul 20, 2020 06:53 am ET

Forum Energy Technologies, Inc. Announces Preliminary Results of Pending Exchange Offer

Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced that as of the preliminary tender deadline, which was 5:00 p.m. ET on July 17, 2020, participation in its pending exchange offer for the 6.25% senior notes due 2021 fell short of the amount required to consummate the transaction.

Jul 13, 2020 05:24 pm ET

Forum Energy Technologies, Inc. Announces Preliminary Second Quarter 2020 Financial Results

Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced that revenue for the second quarter 2020 is now projected to be in the range of $110 to $115 million, a decline of approximately 37-40% from first quarter revenue of $183 million. Free cash flow after capital expenditures and interest expense for the quarter is now expected to be approximately negative $6 million. Due to the preliminary nature of this guidance, a reconciliation to cash flow from operations is not currently available. A full reconciliation will be provided with the Forum’s second quarter 2020

Jul 06, 2020 06:21 am ET

Forum Energy Technologies, Inc. Provides Market Update

Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today provided the following update on the status of its business:

Jul 06, 2020 06:16 am ET

Forum Energy Technologies, Inc. Announces Commencement of Exchange Offer and Consent Solicitation for 6.250% Senior Notes due 2021

Forum Energy Technologies, Inc. (“Forum” or the “Company”) (NYSE: FET) today announced it has commenced an offer to exchange its existing notes for new 9.00% convertible secured notes due 2025. The new notes will pay interest at the rate of 9.00% (as compared to the rate of 6.25% on the existing notes). Of such interest, 6.25% will be payable in cash and 2.75% will be payable in cash or additional notes, at the Company’s option. The new notes will mature five years from issuance (as compared to the maturity of October 1, 2021 on the existing notes). The new notes will be secured by a first lie

Jun 30, 2020 05:01 pm ET

Forum Energy Technologies, Inc. Announces Executive Management Changes

Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”) announced today that, as part of its continuing cost reduction plan, the corporate executive team will be reduced and reorganized. Changes to the executive team will be effective July 10, 2020 and are as follows:

May 20, 2020 04:42 pm ET

Joint Press Release of Forum US, Inc. and Howe-Baker International Ltd. Regarding Settlement of Litigation

Forum US, Inc. and Howe-Baker International Ltd., Howe-Baker LLC, Howe Baker International LLC and Omid Malek (collectively “Howe Baker International Ltd.”) have settled a lawsuit in which Forum US, Inc. had accused Howe-Baker International Ltd. of violating the Federal Lanham Act based on several statements that appeared on Howe-Baker International Ltd.’s website. Howe-Baker International Ltd. states such statements were inadvertently included on the website.

May 13, 2020 04:31 pm ET

Forum Energy Technologies, Inc. Announces Expiration and Results of its Tender Offer and Consent Solicitation

Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today the expiration and results of its previously announced “Dutch Auction” tender offer and consent solicitation (the “Offer”) for a portion of its outstanding 6.250% Senior Notes due 2021 (the “Notes”) for aggregate cash consideration of up to $80.0 million.

May 07, 2020 04:45 pm ET

Forum Energy Technologies Announces First Quarter 2020 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2020 revenue of $183 million, a decrease of $17 million from the fourth quarter 2019. Net loss for the quarter was $37 million, or $0.33 per diluted share, compared to a net loss of $12 million, or $0.11 per diluted share, for the fourth quarter 2019. Excluding $15 million, or $0.13 per share of special items, adjusted net loss was $0.20 per diluted share in the first quarter 2020, compared to an adjusted net loss of $0.09 per diluted share in the fourth quarter 2019. Forum generated $1.3 million of adjusted EBITDA in th

Apr 29, 2020 06:57 pm ET

Forum Energy Technologies Adopts Limited Duration Stockholder Rights Plan

Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”) today announced that its Board of Directors has approved the adoption of a limited duration Stockholder Rights Plan (the “Rights Plan”), effective April 29, 2020. The Rights Plan is similar to plans adopted by numerous publicly traded companies.

Apr 29, 2020 05:00 am ET

Forum Energy Technologies, Inc. Announces Extension of Early Tender and Consent Date

Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) announced today that it is extending to 11:59 p.m., New York City Time, on May 12, 2020 the Early Tender and Consent Date (as defined in the Company’s Offer to Purchase and Consent Solicitation Statement dated April 15, 2020 (the “Statement”)) of its cash tender offer (the “Offer”) for an aggregate principal amount of its outstanding 6.250% Senior Notes due 2021 (the “Notes”) resulting in an aggregate payment amount of up to $80.0 million (exclusive of accrued and unpaid interest). Accordingly, the Early Tender and Consent

Apr 28, 2020 06:00 am ET

Forum Energy Technologies, Inc. Announces Change of Location for Annual Meeting of Stockholders to Be Held on May 12, 2020

Forum Energy Technologies, Inc. (NYSE:FET) (“Forum”) announced today a change in the location for its 2020 Annual Meeting of Stockholders (the “Annual Meeting”). As previously announced, the Annual Meeting will be held at 8:00 a.m., Central Daylight Time, on May 12, 2020. However, due to health and safety concerns related to the coronavirus (COVID-19) outbreak, recommendations and orders from various federal, state and local governmental authorities, and out of an abundance of caution to support the health and well-being of Forum’s stockholders, employees and community, the Annual Meeting will

Apr 15, 2020 09:08 am ET

Forum Energy Technologies, Inc. Announces Commencement of Tender Offer and Consent Solicitation

Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or the “Company”) today announced the commencement of a modified “Dutch Auction” tender offer and consent solicitation (the “Offer”) for a portion of its outstanding 6.250% Senior Notes due 2021 (the “Notes”).

Apr 13, 2020 06:28 pm ET

Forum Announces Financial Update for Current Oil Market and COVID-19

Forum Energy Technologies, Inc. (NYSE: FET) (“Forum” or, the “Company”) today announced a financial update in view of the significant impact that the COVID-19 pandemic and the collapse in oil and gas prices are having on drilling and completion activity, and demand for Forum’s products. Forum is taking a number of actions in response to the current market environment, including the following:

Mar 19, 2020 05:00 pm ET

Forum Energy Technologies, Inc. Announces Operational and Financial Update

Forum Energy Technologies, Inc. (NYSE: FET) (the “Company” or “Forum”) today provided the following update on the status of the business: Cris Gaut, Chairman and Chief Executive Officer of the Company said, “We are closely monitoring the impact of COVID-19 to ensure the safety of our employees, while we preserve business continuity and work to meet our customers’ needs. Given the collapse in oil prices and the rapidly devolving outlook for drilling and completions spending, our guidance for the Company’s financial performance for the first quarter and full year 2020 previously provided during

Mar 11, 2020 06:02 pm ET

Forum Energy Technologies Receives Continued Listing Standard Notice from NYSE

Forum Energy Technologies, Inc. (NYSE: FET) (the “Company”) today announced that on March 10, 2020, the Company was notified by the New York Stock Exchange of its noncompliance with continued listing standards because the average closing price of shares of its common stock over a prior 30 consecutive trading day period had fallen below $1.00 per share, which is the minimum average closing price per share required to maintain listing on the NYSE. The Company’s Board of Directors is reviewing all available alternatives to return to compliance with the NYSE continued listing standards. Accordingl

Feb 12, 2020 08:25 pm ET

Forum Energy Technologies Announces Fourth Quarter and Full Year 2019 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2019 revenue of $200 million, a decrease of $40 million from the third quarter 2019. Net loss for the quarter was $12 million, or $0.11 per diluted share, compared to a net loss of $533 million, or $4.83 per diluted share, for the third quarter 2019. Excluding $3 million, or $0.02 per share of special items, adjusted net loss was $0.09 per diluted share in the fourth quarter 2019 compared to adjusted net income of $0.02 per diluted share in the third quarter 2019. Forum generated $11 million of adjusted EBITDA in the qu

Jan 27, 2020 04:45 pm ET

Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2019 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2019 earnings conference call at 9:00 AM CST on Thursday, February 13, 2020. Forum will issue a press release regarding its fourth quarter and full year 2019 earnings prior to the conference call.

Oct 24, 2019 08:18 pm ET

Forum Energy Technologies Announces Third Quarter 2019 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2019 revenue of $239 million, a decrease of $6 million from the second quarter 2019. Net loss for the quarter was $533 million, or $4.83 per diluted share, compared to net loss of $14 million, or $0.12 per diluted share, for the second quarter 2019. Excluding $535 million, or $4.85 per share of special items, adjusted net income was $0.02 per diluted share in the third quarter 2019 compared to adjusted net loss of $0.08 per diluted share in the second quarter 2019. Forum generated $22 million of adjusted EBITDA in the qu

Oct 02, 2019 05:00 pm ET

Forum Energy Technologies Announces Timing of Third Quarter 2019 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2019 earnings conference call at 9:00 AM CDT on Friday, October 25, 2019. Forum will issue a press release regarding its third quarter 2019 earnings prior to the conference call.

Aug 21, 2019 06:50 am ET

Forum Energy Technologies Announces Sale of Interest in Ashtead Technology

Forum Energy Technologies, Inc. (NYSE: FET) announced today that its subsidiaries have entered into a definitive agreement to sell their aggregate 40% interest in Ashtead Technology, a subsea rentals company. Total consideration for Forum’s interest and the settlement of a Forum GBP 3 million loan to Ashtead will be $47.8 million. Forum will receive approximately $39 million in cash proceeds at close and a new approximately GBP 7 million loan with a three year maturity. The transaction is expected to close in the third quarter. The buyers of Forum’s interest are Buckthorn Partners and other in

Jul 25, 2019 06:29 pm ET

Forum Energy Technologies Announces Second Quarter 2019 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2019 revenue of $246 million, a decrease of $26 million from the first quarter 2019. Net loss for the quarter was $14 million, or $0.12 per diluted share, compared to net loss of $8 million, or $0.07 per diluted share, for the first quarter 2019. Excluding $5 million, or $0.04 per share of special items, adjusted net loss was $0.08 per diluted share in the second quarter 2019 compared to adjusted net loss of $0.04 per diluted share in the first quarter 2019. See Tables 1-5 for a reconciliation of GAAP to non-GAAP financ

Jul 02, 2019 04:30 pm ET

Forum Energy Technologies Announces Timing of Second Quarter 2019 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2019 earnings conference call at 9:00 AM CDT on Friday, July 26, 2019. Forum will issue a press release regarding its second quarter 2019 earnings prior to the conference call.

Jun 13, 2019 04:35 pm ET

Forum Energy Technologies to Present at the J.P. Morgan Energy Conference

Forum Energy Technologies, Inc. (NYSE: FET) announced that Forum will be participating in the 2019 J.P. Morgan Energy Conference to be held June 18 - 19, 2019 in New York.

May 21, 2019 08:17 am ET

SCF Ventures and B-29 Investments Announce Partnership with Commando Pressure Control

HOUSTON, May 21, 2019 /PRNewswire/ -- SCF Ventures and B-29 Investments are proud to announce a growth equity investment in Commando Pressure Control. Together with its investment partners, Commando will bring to market a variety of innovative pressure control products for upstream completions operations.

Apr 25, 2019 05:00 pm ET

Forum Energy Technologies Announces First Quarter 2019 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2019 revenue of $272 million, a decrease of $1 million from the fourth quarter 2018. Net loss for the quarter was $8 million, or $0.07 per diluted share, compared to net loss of $384 million, or $3.52 per diluted share, for the fourth quarter 2018. Excluding $3 million, or $0.03 per share of special items, adjusted net loss was $0.04 per diluted share in the first quarter 2019 compared to adjusted net income of $0.08 per diluted share in the fourth quarter 2018. Adjusted E

Apr 03, 2019 05:00 pm ET

Forum Energy Technologies Announces Timing of First Quarter 2019 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2019 earnings conference call at 9:00 AM CDT on Friday, April 26, 2019. Forum will issue a press release regarding its first quarter 2019 earnings prior to the conference call.

Mar 06, 2019 06:30 am ET

STEP Energy Services Ltd. Reports Fourth Quarter and Year End 2018 Results, Provides an Update to its Amended Credit Facilities, and Announces Appointment of New Independent Director

STEP Energy Services Ltd. (the “Company” or “STEP”) is pleased to announce its financial and operating results for the three and twelve months ended December 31, 2018. The following press release should be read in conjunction with the management’s...

Feb 18, 2019 10:45 am ET

Forum Energy Technologies Announces General Counsel Succession

Forum Energy Technologies, Inc. (NYSE: FET), announced that it has promoted John C. Ivascu to serve as Senior Vice President, General Counsel and Secretary, effective February 15, 2019. James L. McCulloch, Forum’s General Counsel since 2010, has transitioned to serve as Chief Compliance Officer and as an advisor to the Chief Executive Officer.

Feb 07, 2019 05:00 pm ET

Forum Energy Technologies Announces Fourth Quarter and Full Year 2018 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2018 revenue of $273 million, an increase of $6 million, or 2%, from the third quarter 2018. Net loss for the quarter was $384 million, or $3.52 per diluted share, compared to net loss of $3 million, or $0.03 per diluted share, for the third quarter 2018. Excluding $392 million, or $3.60 per share of impairments and special items, adjusted net income was $0.08 per diluted share in the fourth quarter of 2018.

Jan 08, 2019 05:00 pm ET

Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2018 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2018 earnings conference call at 9:00 AM CST on Friday, February 8, 2019. Forum will issue a press release regarding its fourth quarter and full year 2018 earnings prior to the conference call.

Dec 03, 2018 06:45 am ET

Forum Energy Technologies Announces C. Christopher Gaut as CEO

Forum Energy Technologies, Inc. (NYSE: FET) announced today that C. Christopher Gaut has been named Chief Executive Officer of the Company by the Board of Directors to replace Prady Iyyanki. Mr. Gaut will continue to serve as Chairman of the Board.

Nov 05, 2018 08:35 am ET

Report: Exploring Fundamental Drivers Behind Cloud Peak Energy, American Electric Power, Forum Energy Technologies, Lattice Semiconductor, Stratasys, and Silgan — New Horizons, Emerging Trends, and Up

In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Cloud Peak Energy Inc (NYSE:CLD), American Electric Power Company, Inc....

Oct 29, 2018 05:33 pm ET

Forum Energy Technologies Announces Third Quarter 2018 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2018 revenue of $267 million, a decrease of $7 million, or 3%, from the second quarter 2018. Net loss for the quarter was $3 million, or $0.03 per diluted share, compared to net loss of $15 million, or $0.14 per diluted share, for the second quarter 2018. Excluding $6 million, or $0.06 per share of special items, adjusted net income was $0.03 per diluted share in the third quarter of 2018. See Tables 1-5 for a reconciliation of GAAP to non-GAAP financial information.

Oct 12, 2018 08:35 am ET

Report: Exploring Fundamental Drivers Behind Arrow Electronics, Gray Television, Forum Energy Technologies, Eldorado Resorts, Hudson Pacific Properties, and Lumber Liquidators — New Horizons, Emerging

In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Arrow Electronics, Inc. (NYSE:ARW), Gray Television, Inc. (NYSE:GTN),...

Oct 10, 2018 07:00 am ET

Pelican Energy Partners Realizes Investment in Global Heat Transfer

HOUSTON, Oct. 10, 2018 /PRNewswire/ -- Pelican Energy Partners ("Pelican"), a private equity fund focused on the oilfield service and equipment sector, is pleased to announce the sale of Houston Global Heat Transfer ("GHT") to Forum Energy Technologies (NYSE: FET). Headquartered in Houston, TX with additional locations in Edmonton, Alberta and Midland, TX GHT designs, engineers, and manufactures premium industrial heat exchanger and cooling systems used primarily in hydraulic fracturing equipment. GHT's flagship product, the Jumbotron, is a patented, high-performance radiator engineered spe

Oct 08, 2018 06:30 am ET

Forum Energy Technologies Acquires Houston Global Heat Transfer

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it acquired the stock of Houston Global Heat Transfer (GHT) from Pelican Energy Partners, a Houston-based oilfield services focused private equity fund, and GHT management. Based in Houston, Texas, GHT designs, engineers, and manufactures premium industrial heat exchanger and cooling systems used primarily on hydraulic fracturing equipment. GHT’s flagship product, the JumbotronTM, is an innovative cube-style radiator that substantially reduces customer maintenance

Oct 02, 2018 05:35 pm ET

Forum Energy Technologies Announces Timing of Third Quarter 2018 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2018 earnings conference call at 9:00 AM CDT on October 30, 2018. Forum will issue a press release regarding its third quarter 2018 earnings prior to the conference call.

Aug 28, 2018 05:00 pm ET

Forum Energy Technologies to Present at Barclays CEO Energy-Power Conference

Forum Energy Technologies, Inc. (NYSE: FET) announced that Forum will be participating in the 2018 Barclays CEO Energy-Power Conference to be held September 4 - 6, 2018 in New York.

Aug 10, 2018 08:10 am ET

Detailed Research: Economic Perspectives on Retail Properties of America, Dominion Energy, GNC, Forum Energy Technologies, Copart, and Lumber Liquidators — What Drives Growth in Today's Competitive La

In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Retail Properties of America, Inc. (NYSE:RPAI), Dominion Energy Inc....

Jul 30, 2018 05:00 pm ET

Forum Energy Technologies Announces Second Quarter 2018 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2018 revenue of $274 million, an increase of $24 million, or 10%, from the first quarter 2018. Net loss for the quarter was $15 million, or $0.14 per diluted share, compared to net income of $28 million, or $0.25 per diluted share, for the first quarter 2018. Excluding $14 million, or $0.13 per share of special items, the adjusted net loss was $0.01 per diluted share in the second quarter of 2018. This adjusted net loss includes a negative impact of $0.02 per diluted shar

Jun 27, 2018 04:30 pm ET

Forum Energy Technologies Announces Timing of Second Quarter 2018 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2018 earnings conference call at 9:00 AM CDT on Tuesday, July 31, 2018. Forum will issue a press release regarding its second quarter 2018 earnings prior to the conference call.

Jun 11, 2018 04:39 pm ET

Forum Energy Technologies Awarded Contract for Submarine Rescue Vehicle and Remotely Operated Vehicle

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it received an order from Submarine Manufacturing and Products, Ltd. (SMP) to supply a submarine rescue vehicle (SRV), a work-class remotely operated vehicle (ROV), and associated launch and recovery systems. The ROV and SRV will be delivered in 2019 and 2020, respectively, and integrated by SMP with additional equipment for delivery to a navy in the Far East.

May 10, 2018 07:40 am ET

Consolidated Research: 2018 Summary Expectations for EQT, NiSource, Vulcan Materials, General Growth Properties, Forum Energy Technologies, and Pitney Bowes — Fundamental Analysis, Key Performance Ind

In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of EQT Corporation (NYSE:EQT), NiSource, Inc (NYSE:NI), Vulcan Materials...

Apr 30, 2018 07:34 pm ET

Forum Energy Technologies Announces First Quarter 2018 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2018 revenue of $250 million, an increase of $3 million from the fourth quarter 2017. Net income for the quarter was $28 million, or $0.25 per diluted share, compared to net income of $49 million, or $0.45 per diluted share, for the fourth quarter 2017. Excluding $36 million, or $0.32 per share of special items, the adjusted net loss was $0.07 per diluted share in the first quarter of 2018. This adjusted net loss includes a negative impact of $0.02 per diluted share relate

Apr 04, 2018 05:00 pm ET

Forum Energy Technologies Announces Timing of First Quarter 2018 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2018 earnings conference call at 9:00 AM CDT on Tuesday, May 1, 2018. Forum will issue a press release regarding its first quarter 2018 earnings prior to the conference call.

Feb 21, 2018 09:00 am ET

Forum Energy Technologies Announces CFO Succession

Forum Energy Technologies, Inc. (NYSE: FET) announced today that as part of its continued succession planning process, the company has appointed Pablo G. Mercado to serve as Senior Vice President and Chief Financial Officer effective March 1, 2018. James W. Harris, the current Chief Financial Officer, has been leading the Drilling and Subsea segment since September 2017 and will transition full-time to that operating role, serving as Forum’s Executive Vice President – Drilling and Subsea.

Feb 09, 2018 07:45 am ET

Forum Energy Technologies, Inc. to Host Earnings Call

NEW YORK, NY / ACCESSWIRE / February 9, 2018 / Forum Energy Technologies, Inc. (NYSE: FET) will be discussing their earnings results in their Q4 Earnings Call to be held on February 9, 2018 at 10:00 AM Eastern Time.

Feb 08, 2018 07:24 pm ET

Forum Energy Technologies Announces Fourth Quarter and Full Year 2017 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2017 revenue of $248 million, an increase of $49 million, or 25%, from the third quarter 2017. Net income for the quarter was $51 million, or $0.47 per diluted share, compared to a net loss of $15 million, or $0.15 per diluted share, for the third quarter 2017. Excluding $56 million or $0.51 per share of special items, the adjusted net loss was $0.04 per diluted share in the fourth quarter of 2017.

Jan 30, 2018 08:25 am ET

Analysis: Positioning to Benefit within PetMed Express, Omnicell, SITO Mobile, INDIA FUND INC, Forum Energy Technologies, and Kirkland's — Research Highlights Growth, Revenue, and Consolidated Results

NEW YORK, Jan. 30, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of PetMed Express, Inc. (NASDAQ:PETS), Omnicell, Inc....

Jan 09, 2018 04:50 pm ET

Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2017 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2017 earnings conference call at 9:00 AM CDT on Friday, February 9, 2018. Forum will issue a press release regarding its fourth quarter and full year 2017 earnings prior to the conference call.

Nov 15, 2017 08:00 am ET

Investor Expectations to Drive Momentum within Barracuda Networks, Abraxas Petroleum, Vertex Pharmaceuticals, Incyte, Forum Energy, and S&P Global – Discovering Underlying Factors of Influence

NEW YORK, Nov. 15, 2017 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Barracuda Networks, Inc. (NYSE:CUDA), Abraxas Petroleum...

Oct 31, 2017 06:45 am ET

NOW Inc. Announces Master Distribution Agreement With Global Tubing, a Forum Energy Technologies Company

NOW Inc.’s (NYSE:DNOW) U.S. subsidiary DNOW L.P. is proud to announce its Master Distribution Agreement with Global Tubing, a Forum Energy Technologies company (NYSE:FET). Under this agreement, DistributionNOW becomes Global Tubing’s preferred partner to distribute its portfolio of coiled line pipe products in the USA.

Oct 30, 2017 06:00 pm ET

Forum Energy Technologies Announces Third Quarter 2017 Results

Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2017 revenue of $199 million. Net loss for the quarter was $15 million, or $0.15 per diluted share, compared to a net loss of $78 million, or $0.81 per diluted share, for the prior quarter. Excluding $5 million, or $0.05 per share of special items, the adjusted net loss was $0.10 per diluted share in the third quarter of 2017 compared to an adjusted net loss of $0.10 per diluted share in the second quarter 2017.

Oct 11, 2017 08:00 pm ET

Forum Energy Technologies Announces Effect of Hurricane Harvey, Updates Third Quarter 2017 Guidance

Forum Energy Technologies, Inc. (NYSE: FET) announced today that its third quarter results were adversely affected by Hurricane Harvey’s widespread damage in Texas and Louisiana. Forum was impacted by temporarily idled facilities and operations directly related to Harvey, which resulted in foregone revenue and under-absorption of manufacturing costs. The company also experienced the indirect effect of customer, supplier and logistical delays.

Oct 05, 2017 06:11 pm ET

Forum Energy Technologies Announces Timing of Third Quarter 2017 Earnings Release and Conference Call

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2017 earnings conference call at 9:00 AM CDT on Tuesday, October 31, 2017. Forum will issue a press release regarding its third quarter 2017 earnings prior to the conference call.

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Forum Energy Technologies Inc (N:FET)

Business Focus: Oil Related Services and Equipment