secwatch.observer — SEC 8-K summary
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Issuer:     FORUM ENERGY TECHNOLOGIES, INC. (FET)
CIK:        0001401257
Form:       8-K
Filed at:   2026-05-01T23:59:59+00:00
Accession:  0001401257-26-000030
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FET Q1 revenue $209M, adj. EBITDA $23M; raises FY 2026 adj. EBITDA guidance to $95–110M
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- Revenue $209M, net income $4M ($0.39 diluted); adjusted net income $6M ($0.47 adjusted diluted EPS).
- Adjusted EBITDA of $23M up 14% YoY; orders $221M, book-to-bill 106%.
- Full-year 2026 adjusted EBITDA guidance raised to $95–110M (midpoint $103M), representing ~20% YoY growth.
- Drilling & Completions segment adj. EBITDA $13M (+6% QoQ); Artificial Lift & Downhole revenue $82M (+9% QoQ).
- $5M returned to shareholders via share repurchases in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1401257/000140125726000030/0001401257-26-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1401257/000140125726000030/fet-20260430.htm
  HTML page:      https://secwatch.observer/filing/0001401257-26-000030

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