---
schema_version: "secwatch.filing_event.v1"
accession: "0001401257-23-000045"
form_type: "8-K"
ticker: "FET"
cik: "0001401257"
company_name: "FORUM ENERGY TECHNOLOGIES, INC."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T21:29:39.593346+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Forum Energy Q1 revenue up 22% YoY to $189M; net loss narrows to $4M

## Summary
- Q1 2023 net loss $4M ($0.34 diluted EPS) vs Q4 2022 net loss $13M ($2.22 EPS).
- Adjusted EPS $0.09; adjusted EBITDA $18M (+99% YoY); revenue $189M (+22% YoY).
- Orders $179M, book-to-bill 95%; U.S. rig count soft but offset by international activity.
- FY 2023 adjusted EBITDA guidance reaffirmed at $80-100M; Q2 forecast $16-20M.
- Drilling & Downhole rev $77M (-5% seq); Completions rev $74M flat; Production rev $39M (+9%).

## SEC filing metadata
- accession: 0001401257-23-000045
- form_type: 8-K
- ticker: FET
- cik: 0001401257
- company_name: FORUM ENERGY TECHNOLOGIES, INC.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000045/0001401257-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000045/fet-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401257-23-000045
- JSON: https://secwatch.observer/filing/0001401257-23-000045.json
- Plain text: https://secwatch.observer/filing/0001401257-23-000045.txt

## Key facts
- Earnings Releases
  FORUM ENERGY TECHNOLOGIES, INC. reported the quarter ended March 31, 2023 results: revenue $189 million, net income $4 million, EPS diluted EPS of negative $0.34. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2023
  - Revenue: $189 million
  - Net income: $4 million
  - EPS: diluted EPS of negative $0.34
  - Guidance: reaffirmed
  - Result: reported results
  source text: Forum Energy Technologies Announces First Quarter 2023 Results and Reaffirms 2023 Guidance • Revenue: $189 million, a 22% year-over-year increase • Net loss: $4 million and diluted EPS of negative $0.34
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000045/0001401257-23-000045-index.htm

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