---
schema_version: "secwatch.filing_event.v1"
accession: "0001401257-24-000013"
form_type: "8-K"
ticker: "FET"
cik: "0001401257"
company_name: "FORUM ENERGY TECHNOLOGIES, INC."
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T22:54:52.627630+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FET delays Q4 earnings release; preliminary 2023 revenue $739M, adj. EBITDA $67-69M

## Summary
- Q4 2023 revenue $185M, adj. EBITDA $15-17M, free cash flow $9M.
- FY 2023 revenue $739M (+6% YoY), adj. EBITDA $67-69M, orders $724M (book-to-bill 98%).
- 2024 guidance: adj. EBITDA $100-120M, free cash flow $40-60M; Q1 rev $200-220M, adj. EBITDA $23-27M.
- Earnings release delayed ~Mar 1, 2024 due to international valuation allowance review; no impact on reported metrics.
- Assumes flat global market; US rig count down 5%, intl up slightly, Canada flat; Trans Mountain pipeline key in H2.

## SEC filing metadata
- accession: 0001401257-24-000013
- form_type: 8-K
- ticker: FET
- cik: 0001401257
- company_name: FORUM ENERGY TECHNOLOGIES, INC.
- filed_at: 2024-02-20T23:59:59+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/1401257/000140125724000013/0001401257-24-000013-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401257/000140125724000013/fet-20240219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401257-24-000013
- JSON: https://secwatch.observer/filing/0001401257-24-000013.json
- Plain text: https://secwatch.observer/filing/0001401257-24-000013.txt

## Key facts
- Earnings Releases
  FORUM ENERGY TECHNOLOGIES, INC. reported the fourth quarter and full year 2023 results: revenue $739 million. Guidance initiated.
  - Period: the fourth quarter and full year 2023
  - Revenue: $739 million
  - Guidance: initiated
  - Result: preliminary results
  source text: of Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call; Provides Preliminary Results and 2024 Guidance Preliminary Full Year 2023 Results • Revenue: $739 million, a 6% year-over-year increase • Orders: $724 million and book-to-bill ratio of 98% • Adjusted EBITDA: between $67 and $69 million • Results delayed for finalization of valuation
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401257/000140125724000013/0001401257-24-000013-index.htm

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