secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001401257-22-000070
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forum Energy Tech Q3 revenue $182M, net income $16.5M, adj EBITDA $17.8M, confirms FY guidance top end
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- Revenue $182M (+6% seq, +29% YoY); net income $16.5M ($1.82 diluted EPS).
- Adjusted EBITDA $17.8M (+15% seq); adjusted net loss $(0.25)/share excluding special items.
- Orders $198M, book-to-bill 1.09; operating cash flow $18.5M, free cash flow $17.3M.
- Confirms full-year 2022 adjusted EBITDA top end of $50-60M; H2 free cash flow $30-40M.
- Segment: Completions $72M (+9%), Drilling & Downhole $76M (-1%), Production $34M (+14%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125722000070/0001401257-22-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125722000070/fet-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001401257-22-000070

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