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, Inc. (NYSE: FET) announced its first quarter 2023 earnings conference call scheduled for 10:00 a.m. Central Time on May 5, 2023. A press release detailing the earnings will be issued before the call. The conference call will be available via webcast on FET’s Investor Relations website.
Participants wishing to ask questions must register on the website or click here for dial-in information. A replay of the call will be accessible after 5:00 p.m. Central Time on the same day. FET operates globally, serving the energy sector with a focus on safety and efficiency, emphasizing its commitment to environmental and social responsibility.
Forum Energy Technologies (NYSE: FET) has secured a contract worth approximately
Forum Energy Technologies, Inc. (NYSE: FET) reported a 29% year-over-year revenue increase for 2022, totaling $700 million. The fourth quarter revenue was $191 million, with net loss of $13 million. Orders reached $215 million in Q4, achieving a book-to-bill ratio of 113%. Despite elevated project costs affecting profitability, adjusted EBITDA for the year was $59 million, a 194% increase. The company anticipates 2023 adjusted EBITDA between $80 - $100 million and expects growth driven by global commodity demand.
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