secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2024-03-01T23:59:59+00:00
Accession:  0001401257-24-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125724000036/0001401257-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125724000036/fet-20240229.htm
  HTML page:      https://secwatch.observer/filing/0001401257-24-000036

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