---
schema_version: "secwatch.filing_event.v1"
accession: "0001401257-24-000036"
form_type: "8-K"
ticker: "FET"
cik: "0001401257"
company_name: "FORUM ENERGY TECHNOLOGIES, INC."
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:22:39.387332+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Forum Energy Q4 revenue $185M, net loss $17M; guides FY24 EBITDA $100-120M

## Summary
- FY23 revenue $739M (+6% YoY); net loss $19M (diluted EPS -$1.85); adjusted EBITDA $67M (+14% from 2022).
- Q4 net loss $17M ($1.64/share); adjusted net loss $0.39/share; adjusted EBITDA $15M vs $17M in Q3.
- 2024 guidance: adjusted EBITDA $100-120M, free cash flow $40-60M; CEO cites Variperm acquisition as accretive.
- Drilling & Downhole Q4 revenue $91M (+12% QoQ); Completions $57M (-8%); Production $37M (flat).
- Full-year orders $724M, book-to-bill 98%; international revenue up 23% with Middle East up 72%.

## SEC filing metadata
- accession: 0001401257-24-000036
- form_type: 8-K
- ticker: FET
- cik: 0001401257
- company_name: FORUM ENERGY TECHNOLOGIES, INC.
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401257/000140125724000036/0001401257-24-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401257/000140125724000036/fet-20240229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401257-24-000036
- JSON: https://secwatch.observer/filing/0001401257-24-000036.json
- Plain text: https://secwatch.observer/filing/0001401257-24-000036.txt

## Key facts
- Earnings Releases
  FORUM ENERGY TECHNOLOGIES, INC. reported the quarter ended December 31, 2023 results: revenue $185 million, net income $17 million, EPS $1.64 per diluted share.
  - Period: the quarter ended December 31, 2023
  - Revenue: $185 million
  - Net income: $17 million
  - EPS: $1.64 per diluted share
  - Result: reported results
  source text: 2024 Adjusted EBITDA guidance: $100 - $120 million HOUSTON, TEXAS, February 29, 2024 - Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2023 revenue of $185 million, a $6 million increase from the third quarter. The fourth quarter net loss was $17 million , or $1.64 p er diluted share, compared to third quarter net income of $8 million, or
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401257/000140125724000036/0001401257-24-000036-index.htm

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