---
schema_version: "secwatch.filing_event.v1"
accession: "0001401257-23-000081"
form_type: "8-K"
ticker: "FET"
cik: "0001401257"
company_name: "FORUM ENERGY TECHNOLOGIES, INC."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:13:41.585692+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Forum Energy Technologies Q3 revenue $179M, net income $8M; guides Q4 revenue $170-190M

## Summary
- Q3 revenue $179M (-3% seq), net income $8M ($0.77 EPS) vs Q2 net loss $7M; adjusted EPS $0.05.
- Orders $199M (book-to-bill 111%), up 7% seq; all segments increased backlog.
- Adjusted EBITDA $17M; operating cash flow $26M, free cash flow $24M.
- Q4 guidance: revenue $170-190M, adj. EBITDA $15-19M; FY adj. EBITDA ~$70M.
- International revenue up 15% seq; Completions segment revenue down 13% on U.S. frac slowdown.

## SEC filing metadata
- accession: 0001401257-23-000081
- form_type: 8-K
- ticker: FET
- cik: 0001401257
- company_name: FORUM ENERGY TECHNOLOGIES, INC.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000081/0001401257-23-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000081/fet-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401257-23-000081
- JSON: https://secwatch.observer/filing/0001401257-23-000081.json
- Plain text: https://secwatch.observer/filing/0001401257-23-000081.txt

## Key facts
- Earnings Releases
  FORUM ENERGY TECHNOLOGIES, INC. reported third quarter 2023 results: revenue $179 million, net income $8 million, EPS $0.77 per diluted share. Guidance lowered.
  - Period: third quarter 2023
  - Revenue: $179 million
  - Net income: $8 million
  - EPS: $0.77 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: Forum Energy Technologies Announces Third Quarter 2023 Results • Orders: $199 million and book-to-bill ratio of 111% • Revenue: $179 million • Net income: $8 million and diluted EPS of $0.77 • Adjusted EBITDA: $17 million • Operating cash flow and free cash flow: $26 million and $24 million, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401257/000140125723000081/0001401257-23-000081-index.htm

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