secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2022-03-01T23:59:59+00:00
Accession:  0001401257-22-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forum Energy Tech Q4 revenue $148M, net loss $20M; FY adj EBITDA $20M, guides Q1 EBITDA $5-7M
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- Q4 revenue $148M (+$7M QoQ); net loss $20M ($3.46 diluted EPS) vs Q3 loss $12M ($2.05 EPS).
- FY 2021 revenue $541M (+$29M YoY); net loss $83M; adjusted EBITDA $20M, up $39M from 2020.
- Drilling & Downhole Q4 rev $67M, adj EBITDA $6M; Completions rev $51M, adj EBITDA $5M; Production rev $31M, adj EBITDA -$2M.
- CEO cites supply chain delays and cost inflation; forecasts Q1 2022 EBITDA $5-7M.
- Orders in Q4 were $160M; full-year book-to-bill ratio 1.17.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125722000020/0001401257-22-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125722000020/fet-20220228.htm
  HTML page:      https://secwatch.observer/filing/0001401257-22-000020

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