secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001401257-23-000081
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125723000081/0001401257-23-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125723000081/fet-20231102.htm
  HTML page:      https://secwatch.observer/filing/0001401257-23-000081

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