Highest-materiality recent filing
Forum Energy Q4 revenue $202M, adj EPS $0.41; guides 2026 EBITDA up 16%
Q4 revenue $202.2M, net income $2.1M ($0.17 diluted); adjusted net income $5.0M ($0.41).
FET Q1 revenue $209M, adj. EBITDA $23M; raises FY 2026 adj. EBITDA guidance to $95–110M
Revenue $209M, net income $4M ($0.39 diluted); adjusted net income $6M ($0.47 adjusted diluted EPS).
FET Q4 rev $202M, adj net income $5M; guides FY2026 EBITDA +16% at midpoint
Q4 net income $2.1M ($0.17 diluted EPS); adj net income $5.0M ($0.41 adj diluted EPS).
FET Q3 2025: Revenue $196M; adj EBITDA $23M (+13% QoQ); raises FY FCF guide to $70-80M
Net loss $21M ($1.76 diluted loss); adj net income $3M ($0.27 diluted EPS).
FET Q2 revenue $200M, net income $8M, raises FY free cash flow guidance to $60-80M
Revenue $200M (+3% sequential); net income $8M ($0.61 diluted EPS); adjusted EBITDA $21M (+2% seq).
Forum Energy Technologies Stockholders Approve Plan Amendments and Appoint Michael McShane Chairman
Stockholders approved Plan Amendment increasing shares available under 2016 Stock Plan by 600,000 shares.
Forum Energy Q1 revenue $193M, net income $1M; maintains FY free cash flow guidance $40-60M
Revenue $193M, net income $1M ($0.09 diluted EPS); adjusted net income $500k ($0.04 diluted EPS).
FET FY 2024 revenue $816M, adj. EBITDA $100M (+49%), guides 2025 EBITDA $85-105M
Revenue $816M in 2024, up 10% YoY; Q4 revenue $201M.
Forum Energy Tech Q3 revenue $208M (+16% YoY); raises 2024 FCF guidance to $60-70M
Revenue $208M, up 16% YoY and 1% sequentially; orders $206M, book-to-bill 99%.
Forum to issue $100M 5-year senior secured bonds via ABG Sundal Collier; proceeds to redeem all 9% convertible notes due 2025 and repay Variperm seller term loan.
Prelim Q3 rev ~$208M, bookings up; announces $100M bond offering to refinance 2025 notes
Preliminary Q3 revenue ~$208M (up from $205M Q2); bookings ~$205M (up from $180M).
Forum Energy Tech Q2 revenue $205M (+11% YoY), raises free cash flow guidance to $50-70M
Revenue $205M (+11% YoY); adjusted EBITDA $26M (+48% YoY).
Forum Energy to redeem $60M of 9% Convertible Notes; Q2 cash flow prelim $23-25M
Redemption of $60M aggregate principal of 9.00% Convertible Senior Secured Notes due 2025 at par on Aug 16, 2024.
Forum Energy Technologies files Variperm acquisition financials; target earned $50.3M in 2023
Acquisition of Variperm closed Jan 4, 2024; filing provides audited Variperm FY 2023 financials.
FET Q1 revenue $202M, net loss $0.85/sh; reaffirms FY2024 EBITDA guidance of $100-120M
Revenue $202M (+9% seq); orders $204M (book-to-bill 101%); net loss $10M ($0.85/sh), adj. net loss $0.12/sh.
Forum closes Variperm acquisition; pro forma combined net loss $6.1M on $868.9M revenue
Acquisition of Variperm closed Jan 4, 2024; base consideration 2.0M shares + $150.3M cash.
Forum Energy closes Variperm buy; files historical & pro forma financials
Acquisition completed Jan 4, 2024; Variperm became a wholly owned subsidiary of Forum.
Forum Energy Q4 revenue $185M, net loss $17M; guides FY24 EBITDA $100-120M
FY23 revenue $739M (+6% YoY); net loss $19M (diluted EPS -$1.85); adjusted EBITDA $67M (+14% from 2022).
FET delays Q4 earnings release; preliminary 2023 revenue $739M, adj. EBITDA $67-69M
Q4 2023 revenue $185M, adj. EBITDA $15-17M, free cash flow $9M.
Forum Energy Tech completes acquisition of Variperm for $150M cash + 2M shares
Total consideration: $150M cash plus 2M shares of FET common stock, subject to customary purchase price adjustments.
Forum Energy Technologies Q3 revenue $179M, net income $8M; guides Q4 revenue $170-190M
Q3 revenue $179M (-3% seq), net income $8M ($0.77 EPS) vs Q2 net loss $7M; adjusted EPS $0.05.
FET acquires Variperm for $150M cash+2M shares; pro forma adj EBITDA +77%
Consideration: $150M cash + 2M FET shares at ~3.7x Variperm TTM EBITDA as of Sep 30, 2023.
FET Q2 revenue $185M (+8% YoY), net loss $7M; guides FY adj EBITDA ~$80M
Revenue $185M, up 8% YoY; orders $186M, book-to-bill 100%.
Forum Energy Q1 revenue up 22% YoY to $189M; net loss narrows to $4M
Q1 2023 net loss $4M ($0.34 diluted EPS) vs Q4 2022 net loss $13M ($2.22 EPS).
Full year 2022 revenue $700M (+29% YoY); net income $4M, diluted EPS $0.62; adj. EBITDA $59M (+194%).
FET converts $122.8M of convertible notes to equity; cuts annual interest by >$11M
$122.8M (47.8%) of 9.00% Convertible Notes due 2025 converting into ~4.5M common shares on Jan 3, 2023.
Forum Energy closes sale-leaseback of four centers for ~$32M net proceeds
Net cash proceeds from sale-leaseback: ~$32 million from four Texas/Louisiana centers.
Revenue $182M (+6% seq, +29% YoY); net income $16.5M ($1.82 diluted EPS).
FET Q2: revenue $172M (+11% seq), net income $9M, adj EBITDA $15.5M; raises guidance
Q2 revenue $172M, up 11% sequentially; net income $9M ($1.15 diluted EPS) vs Q1 net loss $9M.
Forum Energy Tech Q1 revenue $155M, adjusted EBITDA $9M; Q2 guidance $160-170M
Revenue $155M, up 5% sequential; net loss $9M vs $20M loss in Q4 2021.
Forum Energy Tech Q4 revenue $148M, net loss $20M; FY adj EBITDA $20M, guides Q1 EBITDA $5-7M
Q4 revenue $148M (+$7M QoQ); net loss $20M ($3.46 diluted EPS) vs Q3 loss $12M ($2.05 EPS).
Forum Energy Technologies expects Q4 2021 revenue and adjusted EBITDA below guidance
Q4 2021 revenue expected ~$148M, adjusted EBITDA ~$4M; both below prior guidance due to supply chain disruptions and COVID costs.
Neal Lux named CEO effective Feb 18, 2022; Gaut becomes Executive Chairman
Neal Lux appointed President and CEO effective February 18, 2022; currently EVP and COO.
Mr. Marquez was appointed as a Class III director with a term expiring at the 2027 Annual Meeting of Stockholders
Mr. Smith was appointed as a Class I director with a term expiring at the 2028 Annual Meeting of Stockholders
On February 14, 2025, Mr. C. Christopher Gaut informed the Board of Directors (the “Board”) of Forum Energy Technologies, Inc. (“FET”) of his decision to retire from the Board at the end of his current term and not stand for re-election as a director at FET’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”).
On December 1, 2023 , the Board of Directors (the “Board”) of Forum Energy Technologies, Inc. (the “Company) appointed Ms. Leslie A. Beyer, as a member of the Board.
the Board of Directors agreed with Mr. C. Christopher Gaut, Executive Chairman of the Board, that he will transition to serve as Chairman of the Board on January 1, 2024.
On November 2, 2023, Dr. Emily Reichert, Ph.D., a member of the Forum board of directors (the “Board”) and the Nominating, Governance and Sustainability Committee, notified Forum of her retirement from the Board, effective as of November 2, 2023, to accommodate her recent appointment as Chief Executive Officer of the Massachusetts Clean Energy Center.
On March 6, 2023 , Mr. John Schmitz, a member of the Forum Energy Technologies, Inc. (the “ Company ”) board of directors (the “ Board ”) and the Audit Committee, notified the Company of his retirement from the Board, effective as of the same date.
Mr. John McElroy, who resigned as Vice President and Chief Accounting Officer on August 19, 2022, with effect from September 2, 2022.
appointed Ms. Katherine T. Keller to serve as the Company’s Vice President and Principal Accounting Officer, effective September 2, 2022.
Effective as of the same day, and as previously announced, Mr. C. Christopher Gaut was appointed Executive Chairman of the Company’s board of directors.
Mr. Neal Lux was appointed as President and Chief Executive Officer of the Company and a member of the board of directors, effective February 18, 2022.
On December 27, 2021, Mr. Andrew Waite, a member of the Forum Energy Technologies, Inc. (the “ Company ”) board of directors (the “ Board ”) and the Nominating, Governance & Sustainability Committee, notified the Company of his retirement from the Board, effective on December 31, 2021.
Max materiality 0.90 · Median 0.65 · Most common event earnings