secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2026-02-20T23:59:59+00:00
Accession:  0001401257-26-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FET Q4 rev $202M, adj net income $5M; guides FY2026 EBITDA +16% at midpoint
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- Q4 net income $2.1M ($0.17 diluted EPS); adj net income $5.0M ($0.41 adj diluted EPS).
- Full year 2025 free cash flow $80M; repurchased 1.4M shares (11% of outstanding) for $35M.
- Backlog $312M, highest in 11 years, up 46% YoY; book-to-bill 113% for full year.
- FY2026 guidance: rev $800-880M (+6%), adj EBITDA $90-110M (+16%), free cash flow $55-75M.
- Drilling & Completions rev $127M (+8% QoQ); Artificial Lift & Downhole rev $75M (-4% QoQ).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125726000010/0001401257-26-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125726000010/fet8-kearningsreleaseq42025.htm
  HTML page:      https://secwatch.observer/filing/0001401257-26-000010

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