secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2022-02-07T23:59:59+00:00
Accession:  0001401257-22-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forum Energy Technologies expects Q4 2021 revenue and adjusted EBITDA below guidance
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- Q4 2021 revenue expected ~$148M, adjusted EBITDA ~$4M; both below prior guidance due to supply chain disruptions and COVID costs.
- Full-year 2021 revenue $541M (+$29M YoY) and adjusted EBITDA $20M (+$40M YoY).
- Q4 free cash flow negative ~$8M, better than prior guidance; net debt increased $3M in Q4.
- Repurchased 56K shares for $1.1M in Q4; spent $4M on two tuck-in acquisitions.
- Book-to-bill ratio ~1.1x in Q4; backlog supports revenue growth in 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125722000003/0001401257-22-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125722000003/fet-20220207.htm
  HTML page:      https://secwatch.observer/filing/0001401257-22-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer