---
schema_version: "secwatch.filing_event.v1"
accession: "0001401257-23-000010"
form_type: "8-K"
ticker: "FET"
cik: "0001401257"
company_name: "FORUM ENERGY TECHNOLOGIES, INC."
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T06:44:17.670584+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FET reports FY2022 revenue $700M (+29% YoY), adj. EBITDA $59M (+194%); guides FY2023 adj. EBITDA $80-100M

## Summary
- Full year 2022 revenue $700M (+29% YoY); net income $4M, diluted EPS $0.62; adj. EBITDA $59M (+194%).
- Q4 2022 revenue $191M (+5% QoQ); net loss $13M ($2.22 loss per share); adjusted net loss $0.45 per share.
- 2023 adjusted EBITDA guidance $80-$100M; long-term debt reduced 47.8% in Jan 2023; leverage ratio improved to 1.4x.
- Drilling & Downhole rev $81M (+7% QoQ), adj EBITDA $11M (-$2M); Completions rev $74M (+3%), adj EBITDA $9M (-$1M); Production rev $36M (+5%), adj EBITDA $2M (+$1M).
- Q4 orders $215M, book-to-bill 113%; full year orders $781M, book-to-bill 112%; backlog highest since Q4 2018.

## SEC filing metadata
- accession: 0001401257-23-000010
- form_type: 8-K
- ticker: FET
- cik: 0001401257
- company_name: FORUM ENERGY TECHNOLOGIES, INC.
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000010/0001401257-23-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000010/fet-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401257-23-000010
- JSON: https://secwatch.observer/filing/0001401257-23-000010.json
- Plain text: https://secwatch.observer/filing/0001401257-23-000010.txt

## Key facts
- Earnings Releases
  FORUM ENERGY TECHNOLOGIES, INC. reported financial results for quarter ended December 31, 2022.
  - Period: quarter ended December 31, 2022
  - Result: reported results
  source text: On February 21, 2023 , Forum Energy Technologies, Inc. (the " Company ") issued a press release announcing earnings for the quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000010/0001401257-23-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.