Forum Energy Technologies Inc (N:FET)

Business Focus: Oil Related Services and Equipment

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.