secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2023-08-04T23:59:59+00:00
Accession:  0001401257-23-000067
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FET Q2 revenue $185M (+8% YoY), net loss $7M; guides FY adj EBITDA ~$80M
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- Revenue $185M, up 8% YoY; orders $186M, book-to-bill 100%.
- Net loss of $7M and diluted EPS -$0.64 (vs Q1 loss $3M); adjusted EPS $0.10.
- Adjusted EBITDA $17M, up 12% YoY; international revenue grew 10% sequentially.
- Q3 guidance: revenue $180-200M, adj EBITDA $16-20M. FY adj EBITDA ~$80M, FCF ~$20M.
- Drilling & Downhole segment rev +5% QoQ; Completions rev -2%; Production rev -15%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125723000067/0001401257-23-000067-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125723000067/fet-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001401257-23-000067

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