Forum Energy Q2 net income jumps 176% to $12M; raises FY guidance

FORUM ENERGY TECHNOLOGIES, INC.

Q2 revenue $226M (+8% seq); net income $12M ($1.05 EPS), up 176% and 169% sequentially.
Adjusted EBITDA $32M (+39% seq); adjusted net income $14M ($1.16 adj EPS), up 148% and 147% seq.
Full-year 2026 guidance raised: revenue $870-910M (13% YoY), adj EBITDA $115-125M (40% YoY).
Orders $236M, book-to-bill 104%; share repurchases $8M in H1 2026; net leverage reduced to 1.1x.
Drilling & Completions rev $139M (+10% seq), adj EBITDA $16M (+29% seq); Artificial Lift rev $87M (+6% seq), adj EBITDA $22M (+30% seq).

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