secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0001401257-25-000008
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FET FY 2024 revenue $816M, adj. EBITDA $100M (+49%), guides 2025 EBITDA $85-105M
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- Revenue $816M in 2024, up 10% YoY; Q4 revenue $201M.
- Adj. EBITDA $100M (12% margin), up 49% YoY; net loss $135M includes $119M non-cash impairment.
- Free cash flow $105M (highest since 2015); operating cash flow $92M.
- 2025 guidance: adj. EBITDA $85-105M, free cash flow $40-60M.
- Board authorized $75M share repurchase; $2M repurchased in Jan 2025; 50% of FCF allocated to debt reduction.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125725000008/0001401257-25-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125725000008/fet-20250220.htm
  HTML page:      https://secwatch.observer/filing/0001401257-25-000008

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