secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0001401257-24-000131
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forum Energy Tech Q3 revenue $208M (+16% YoY); raises 2024 FCF guidance to $60-70M
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- Revenue $208M, up 16% YoY and 1% sequentially; orders $206M, book-to-bill 99%.
- Net loss $15M ($1.20 diluted); adjusted net loss $2M ($0.19 diluted).
- Adjusted EBITDA $26M, up 55% YoY; generated free cash flow $25M in Q3.
- Raised full-year 2024 free cash flow guidance to $60-70M.
- Q4 2024 guidance: revenue $190-210M, adjusted EBITDA $22-26M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125724000131/0001401257-24-000131-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125724000131/fet-20241031.htm
  HTML page:      https://secwatch.observer/filing/0001401257-24-000131

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