---
schema_version: "secwatch.filing_event.v1"
accession: "0001401257-24-000087"
form_type: "8-K"
ticker: "FET"
cik: "0001401257"
company_name: "FORUM ENERGY TECHNOLOGIES, INC."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:03:23.667240+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FET Q1 revenue $202M, net loss $0.85/sh; reaffirms FY2024 EBITDA guidance of $100-120M

## Summary
- Revenue $202M (+9% seq); orders $204M (book-to-bill 101%); net loss $10M ($0.85/sh), adj. net loss $0.12/sh.
- Adjusted EBITDA $26M (+69% seq); reaffirms FY2024 adj. EBITDA $100-120M, FCF $40-60M.
- Variperm acquisition boosted Artificial Lift & Downhole segment; segment revenue up 42% seq.
- Q2 2024 adj. EBITDA guidance $24-28M, softer Canadian market due to seasonal breakup.
- Drilling & Completions revenue down 6% seq but adj. EBITDA up 13% on favorable product mix.

## SEC filing metadata
- accession: 0001401257-24-000087
- form_type: 8-K
- ticker: FET
- cik: 0001401257
- company_name: FORUM ENERGY TECHNOLOGIES, INC.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401257/000140125724000087/0001401257-24-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401257/000140125724000087/fet-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401257-24-000087
- JSON: https://secwatch.observer/filing/0001401257-24-000087.json
- Plain text: https://secwatch.observer/filing/0001401257-24-000087.txt

## Key facts
- Earnings Releases
  FORUM ENERGY TECHNOLOGIES, INC. reported first quarter 2024 results: revenue $202 million, net income $10 million , or $0.85 p er diluted share, EPS $0.85 p er diluted share. Guidance reaffirmed.
  - Period: first quarter 2024
  - Revenue: $202 million
  - Net income: $10 million , or $0.85 p er diluted share
  - EPS: $0.85 p er diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2024 revenue of $202 million, a 9% sequential increase.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1401257/000140125724000087/0001401257-24-000087-index.htm

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