Welcome to our dedicated page for Forum Energy Technologies news (Ticker: FET), a resource for investors and traders seeking the latest updates and insights on Forum Energy Technologies stock.
Forum Energy Technologies Inc (FET) provides essential updates for stakeholders tracking developments in oilfield services and engineered energy solutions. This dedicated news hub aggregates official announcements, strategic initiatives, and operational milestones from the global provider of drilling, completions, and production technologies.
Investors and industry professionals will find timely updates on FET's earnings reports, product launches, and strategic partnerships across its Drilling & Completions and Artificial Lift & Downhole segments. The curated collection features verified information about equipment innovations, safety advancements, and market expansions relevant to upstream operations.
Our news monitoring covers FET's technological developments in artificial lift systems, downhole tools, and renewable energy applications. Stay informed about regulatory compliance updates, leadership changes, and sustainability initiatives impacting this Houston-based manufacturer's global operations.
Bookmark this page for direct access to FET's latest financial disclosures, manufacturing updates, and service expansions. Check regularly for authoritative coverage of the company's progress in enhancing operational efficiency for energy producers worldwide.
Forum Energy Technologies (NYSE: FET) announced that its President and CEO, Neal Lux, will present at the J.P. Morgan 2024 Energy, Power and Renewables Conference on June 18, 2024, at 10:20 a.m. ET.
The webcast and presentation slides will be available on FET's website. FET is a global provider of solutions for the oil, natural gas, industrial, and renewable energy industries, focusing on safety and efficiency in energy exploration and production. The company emphasizes environmental and social responsibility, headquartered in Houston, with facilities worldwide.
Forum Energy Technologies (NYSE: FET) announced that President and CEO Neal Lux, and EVP & CFO Lyle Williams, will participate in a Water Tower Research fireside chat on May 21, 2024, at 10:00 a.m. CT. The event is open to the public, with registration available via Zoom and a live webcast on FET’s Investor Relations page. FET, headquartered in Houston, TX, serves global oil, natural gas, industrial, and renewable energy industries, aiming to enhance safety and efficiency in energy exploration and production. The company is committed to environmental and social responsibility, with a worldwide presence in manufacturing, distribution, and service.
Forum Energy Technologies, Inc. (NYSE: FET) will be presenting at the Sidoti Virtual Investor Conference on May 8, 2024. The company's President, CEO, and CFO will be participating in the event, providing insights into their global operations and value-added solutions for the energy industry. FET will also hold virtual meetings with investors on May 8-9, 2024. For more details, visit their Investor Relations webpage.
Stonegate Capital Partners updated their coverage on Forum Energy Technologies, Inc. (NYSE: FET) highlighting significant year-over-year free cash flow growth attributed to the Variperm acquisition, drilling and completions EBITDA margin expansion by 86 basis points, and a 33.9% year-over-year increase in artificial lift and equipment revenue.
Forum Energy Technologies, Inc. (NYSE: FET) announced its first quarter 2024 results, showcasing a revenue of $202 million with a 9% sequential increase. The company reported orders of $204 million, a book-to-bill ratio of 101%, and a net loss of $10 million with a diluted EPS of $0.85. Adjusted EBITDA saw a significant 69% sequential increase, reaching $26 million. FET reaffirmed its full-year 2024 guidance, projecting $100 to $120 million in EBITDA and $40 to $60 million in free cash flow.
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