Forum Energy Technologies, Inc. (FET)

NYSE: FET · Real-Time Price · USD
18.28
-0.71 (-3.74%)
Feb 21, 2025, 4:00 PM EST - Market closed
-3.74%
Market Cap 224.55M
Revenue (ttm) 816.40M
Net Income (ttm) -135.30M
Shares Out 12.28M
EPS (ttm) -11.00
PE Ratio n/a
Forward PE 21.63
Dividend n/a
Ex-Dividend Date n/a
Volume 104,153
Open 19.02
Previous Close 18.99
Day's Range 17.80 - 19.02
52-Week Range 12.83 - 20.85
Beta 2.39
Analysts n/a
Price Target n/a
Earnings Date Feb 20, 2025

About FET

Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction and services markets, including applications in oil and natural gas, renewab... [Read more]

Sector Energy
IPO Date Apr 12, 2012
Employees 1,600
Stock Exchange NYSE
Ticker Symbol FET
Full Company Profile

Financial Performance

In 2024, Forum Energy Technologies's revenue was $816.40 million, an increase of 10.49% compared to the previous year's $738.86 million. Losses were -$135.30 million, 616.8% more than in 2023.

Financial Statements

News

Forum Energy Technologies, Inc. (FET) Q4 2024 Earnings Call Transcript

Forum Energy Technologies, Inc. (NYSE:FET) Q4 2024 Earnings Conference Call February 21, 2025 11:00 AM ET Company Participants Rob Kukla - Director of IR Neal Lux - President and CEO Lyle Williams - ...

13 hours ago - Seeking Alpha

Forum Energy Technologies Announces Fourth Quarter and Full Year 2024 Results and Outlook; Delivers $92 Million of Operating Cash Flow

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2024 revenue of $201 million and orders of $190 million. Fourth quarter net loss of $104 million in...

1 day ago - Business Wire

C. Christopher Gaut to Retire from FET Board of Directors

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that Mr. C. Christopher Gaut plans to retire from the FET Board of Directors at the end of his term and not stand ...

4 days ago - Business Wire

Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2024 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2024 earnings conference call at 10:00 a.m. Central Time on Fri...

9 days ago - Business Wire

Forum Energy Technologies Congratulates Board Member Leslie A. Beyer on U.S. Government Nomination

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) congratulates Leslie A. Beyer, a member of FET's Board of Directors, on her nomination to serve as Assistant Secretary for Land an...

17 days ago - Business Wire

Forum Energy Technologies to Present at the Sidoti Virtual Micro Cap Conference

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financ...

4 weeks ago - Business Wire

Forum Energy Technologies: A Stock Buying Back 40% Of Its Market Cap

Forum Energy Technologies announced a US$75 million share buyback program, to address the issue of stock undervaluation. The share repurchase program of such a magnitude seems to be supported by the b...

6 weeks ago - Seeking Alpha

Forum Energy Technologies Announces $75 Million Share Repurchase Program and Completion of Sale-Leaseback Transactions

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) today announced that its Board of Directors has authorized a program for the repurchase of outstanding shares of FET's com...

2 months ago - Business Wire

Appointment of Evelyn Angelle to Bird's Board of Directors

MISSISSAUGA, Ontario, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Bird Construction Inc. (TSX: BDT) is pleased to announce the appointment of Evelyn Angelle to its Board of Directors (the “Board”), effective im...

3 months ago - GlobeNewsWire

Forum Energy Technologies to Present at November 21st Virtual Investor Summit Microcap Event

HOUSTON, TX / ACCESSWIRE / November 18, 2024 / Forum Energy Technologies, Inc. (NYSE:FET), a global manufacturing company, serving the oil, natural gas, industrial and renewable energy industries, wil...

3 months ago - Accesswire

Forum Energy Technologies Announces Closing of $100 Million Senior Secured Bond Issuance

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) announced today that it closed its offering of USD $100.0 million aggregate principal amount of 10.5% senior secured bonds...

3 months ago - Business Wire

Stonegate Capital Partners Updates Coverage on Forum Energy Technologies, Inc. (FET) Q3 24

Dallas, Texas--(Newsfile Corp. - November 4, 2024) - Forum Energy Technologies, Inc. (NYSE: FET) Stonegate Capital Partners updates their coverage on Forum Energy Technologies, Inc. (NYSE: FET). FET r...

3 months ago - Newsfile Corp

Forum Energy Technologies, Inc. (FET) Q3 2024 Earnings Call Transcript

Forum Energy Technologies, Inc. (NYSE:FET) Q3 2024 Earnings Conference Call November 1, 2024 11:00 AM ET Company Participants Rob Kukla - Director of Investor Relations Neal Lux - President and Chief...

4 months ago - Seeking Alpha

Forum Energy Technologies Announces Third Quarter 2024 Results; Raises Free Cash Flow Guidance

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2024 revenue of $208 million, a 1% sequential increase. Orders increased 14% sequentially to $206 mi...

4 months ago - Business Wire

Forum Energy Technologies Announces Pricing of $100 Million Senior Secured Bond Issuance

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) announced today that it has finalized the terms of FET's private offering of USD $100.0 million aggregate principal amount...

4 months ago - Business Wire

Forum Energy Technologies Provides Preliminary Third Quarter 2024 Selected Financial Results

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (the “Company” or “FET”) today announced the following preliminary selected Third Quarter 2024 financial results, compared to the ...

4 months ago - Business Wire

Forum Energy Technologies Announces $100 Million Bond Issuance

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) announced today the commencement of a backstopped private offering of USD $100.0 million aggregate principal amount of 5-y...

4 months ago - Business Wire

Forum Energy Technologies to Participate in Water Tower Fireside Chat

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financ...

4 months ago - Business Wire

Forum Energy Technologies Announces Timing of Third Quarter 2024 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2024 earnings conference call at 10:00 a.m. Central Time on Friday, November 1...

4 months ago - Business Wire

Forum Energy Technologies to Present at the 2024 Gateway Conference on September 4, 2024

HOUSTON, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Forum Energy Technologies, Inc. (NYSE: FET) (“FET”), a global designer, manufacturer and distributor of products to the oil, natural gas, industrial and rene...

6 months ago - GlobeNewsWire

Forum Energy Technologies to Present at EnerCom Denver – The Energy Investment Conference

HOUSTON, Texas--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Lyle Williams, Chief Financial Officer, will present at the EnerCom Denver – The Energy Investment Con...

6 months ago - Business Wire

Forum Energy Technologies, Inc. (FET) Q2 2024 Earnings Call Transcript

Forum Energy Technologies, Inc. (NYSE:FET) Q2 2024 Earnings Conference Call August 2, 2024 11:00 AM ET Company Participants Rob Kukla - Director of IR Neal Lux - President, CEO & Director Lyle Willia...

7 months ago - Seeking Alpha

Forum Energy Technologies Announces Second Quarter 2024 Results; Raises Free Cash Flow Guidance

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2024 revenue of $205 million, a 1% sequential increase, despite a 5% decline in global rig count. O...

7 months ago - Business Wire

Forum Energy Technologies Announces Timing of Second Quarter 2024 Earnings Conference Call

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2024 earnings conference call at 10:00 a.m. Central Time on Friday, August 2,...

7 months ago - Business Wire

Forum Energy Technologies Announces $60 Million Senior Secured Notes Redemption

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that it will redeem $60 million in aggregate principal amount of its 9.000% Convertible Senior Secured Notes due 2...

7 months ago - Business Wire