debt
confidence high
sentiment positive
materiality 0.75
Prelim Q3 rev ~$208M, bookings up; announces $100M bond offering to refinance 2025 notes
FORUM ENERGY TECHNOLOGIES, INC.
- Preliminary Q3 revenue ~$208M (up from $205M Q2); bookings ~$205M (up from $180M).
- Adjusted EBITDA ~$26M, flat vs Q2; Free Cash Flow ~$24M (up from $21M).
- Announces $100M 5-year senior secured bonds private offering.
- Proceeds to redeem all 9% convertible notes due 2025 and repay Variperm seller term loan.