secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2025-05-02T23:59:59+00:00
Accession:  0001401257-25-000058
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forum Energy Q1 revenue $193M, net income $1M; maintains FY free cash flow guidance $40-60M
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- Revenue $193M, net income $1M ($0.09 diluted EPS); adjusted net income $500k ($0.04 diluted EPS).
- Adjusted EBITDA $20M; orders $201M, book-to-bill 104%.
- Operating cash flow $9M, free cash flow $7M (7th consecutive positive quarter).
- Drilling & Completions segment rev $116M (+4%), EBITDA $12M (+31%); Subsea orders up ~60%.
- Artificial Lift & Downhole segment rev $78M (-13%), EBITDA $14M (-30%); FY FCF guidance unchanged $40-60M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125725000058/0001401257-25-000058-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125725000058/fet-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001401257-25-000058

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