secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2022-05-06T23:59:59+00:00
Accession:  0001401257-22-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forum Energy Tech Q1 revenue $155M, adjusted EBITDA $9M; Q2 guidance $160-170M
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- Revenue $155M, up 5% sequential; net loss $9M vs $20M loss in Q4 2021.
- Adjusted EBITDA $9M, up 112% sequentially and 344% YoY.
- Orders $165M, book-to-bill 1.06; backlog over $200M first time since 2019.
- Segment revenue: Drilling & Downhole $71M (+7%), Completions $53M (+3%), Production $32M (+2%).
- Q2 guidance: revenue $160-170M, adj. EBITDA $11-14M; full-year adj. EBITDA $50-60M maintained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125722000029/0001401257-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125722000029/fet-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001401257-22-000029

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