Forum Energy Technologies Inc (N:FET)

Business Focus: Oil Related Services and Equipment

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.

Thank you for visiting InsiderTracking.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you wish to consider using a browser that blocks ads, please subscribe. Our packages start at $1.00 plus tax for the first month.

Alternatively, if you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). If you are in private browsing mode and do not want to subscribe, please disable tracking protection while visiting our website.

Thank you for using Insider Tracking.