secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2022-08-05T23:59:59+00:00
Accession:  0001401257-22-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FET Q2: revenue $172M (+11% seq), net income $9M, adj EBITDA $15.5M; raises guidance
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- Q2 revenue $172M, up 11% sequentially; net income $9M ($1.15 diluted EPS) vs Q1 net loss $9M.
- Adjusted EBITDA $15.5M, up 74% sequentially; adjusted net loss per share $(0.73).
- Orders $203M, book-to-bill ratio 1.18; all segments posted order growth.
- Completions revenue $66M (+26% seq); Drilling & Downhole $77M (+7%); Production $30M (-5% on Asia delays).
- Guides Q3 rev $170-180M, adj EBITDA $16-19M; full-year adj EBITDA expected near top of $50-60M range.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125722000044/0001401257-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125722000044/fet-20220804.htm
  HTML page:      https://secwatch.observer/filing/0001401257-22-000044

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