---
schema_version: "secwatch.filing_event.v1"
accession: "0001401257-24-000102"
form_type: "8-K"
ticker: "FET"
cik: "0001401257"
company_name: "FORUM ENERGY TECHNOLOGIES, INC."
filed_at: "2024-06-11T23:59:59+00:00"
generated_at: "2026-06-01T05:00:47.683200+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Forum Energy Technologies files Variperm acquisition financials; target earned $50.3M in 2023

## Summary
- Acquisition of Variperm closed Jan 4, 2024; filing provides audited Variperm FY 2023 financials.
- Variperm FY 2023 revenue $174.3M, up 14% from $153.2M in 2022; net earnings $50.3M vs $37.0M.
- Gross profit $88.4M (50.7% margin) in 2023; G&A expenses $19.1M.
- Variperm reduced short-term borrowings to zero from $12.3M; paid $19.4M dividends in 2023.
- Forum also filed unaudited pro forma combined balance sheet and P&L for FY 2023.

## SEC filing metadata
- accession: 0001401257-24-000102
- form_type: 8-K
- ticker: FET
- cik: 0001401257
- company_name: FORUM ENERGY TECHNOLOGIES, INC.
- filed_at: 2024-06-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1401257/000140125724000102/0001401257-24-000102-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1401257/000140125724000102/fet-20240610.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001401257-24-000102
- JSON: https://secwatch.observer/filing/0001401257-24-000102.json
- Plain text: https://secwatch.observer/filing/0001401257-24-000102.txt

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