secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2024-08-02T23:59:59+00:00
Accession:  0001401257-24-000118
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forum Energy Tech Q2 revenue $205M (+11% YoY), raises free cash flow guidance to $50-70M
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- Revenue $205M (+11% YoY); adjusted EBITDA $26M (+48% YoY).
- Net loss $7M ($0.54 diluted loss); adjusted net loss $0.07 per diluted share.
- Free cash flow $21M in Q2; raised full-year free cash flow guidance to $50-70M.
- Redeemed/repurchased $73M of 2025 Notes; adjusted EBITDA guidance narrowed to $100-110M.
- Orders $180M (book-to-bill 88%); U.S. rig count expected down 15% for 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125724000118/0001401257-24-000118-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125724000118/fet-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001401257-24-000118

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