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. reports business developments for a global manufacturer serving the oil, natural gas, defense, and renewable energy industries. The company supplies engineered capital equipment and consumable products used in drilling, well construction, production, subsea, coiled tubing, wireline, stimulation, artificial lift, and oil and natural gas processing markets.
FET news commonly covers quarterly results, segment revenue, adjusted EBITDA, order activity, book-to-bill trends, cash flow, guidance, and product demand across its Drilling and Completions and Artificial Lift and Downhole segments. Updates also include credit facility amendments, share repurchase activity, investor conference presentations, and management commentary on manufacturing utilization, cost initiatives, and market demand.
Forum Energy Technologies (NYSE: FET) has announced its participation in a fireside chat with Water Tower Research on October 9, 2024, at 10:00 a.m. Central Time. The event will feature Neal Lux, President and CEO, and Lyle Williams, Executive VP and CFO. This open-access event is available for registration through a provided link, and a live webcast will be accessible on FET's Investor Relations web page.
FET is a global company serving the oil, natural gas, industrial, and renewable energy industries. It provides solutions to enhance the safety and efficiency of energy exploration and production. The company emphasizes its commitment to environmental and social responsibility, with its headquarters in Houston, TX, and facilities strategically located worldwide.
Forum Energy Technologies (NYSE: FET) has announced its third quarter 2024 earnings conference call, scheduled for Friday, November 1, 2024, at 10:00 a.m. Central Time. The company will release its Q3 2024 earnings report before the call. Investors can access the webcast through FET's Investor Relations website. To participate and ask questions, registration is required to receive dial-in numbers and a unique PIN.
A replay of the call will be available on the Investor Relations website from approximately 5:00 p.m. Central Time on November 1, 2024. FET is a global company serving the oil, natural gas, industrial, and renewable energy industries, providing solutions to enhance safety and efficiency in energy exploration and production.
Forum Energy Technologies (NYSE: FET), a global provider of products for the oil, gas, industrial, and renewable energy sectors, is set to present at the 2024 Annual Gateway Conference in San Francisco. The company's management team will deliver a presentation on September 4th at 11 a.m. PT, which will be webcast live and available for replay. FET executives will also be available for one-on-one meetings throughout the conference.
This event provides an opportunity for investors and analysts to gain insights into FET's operations, strategies, and market outlook. Interested parties can request invitations or schedule meetings by contacting the conference organizers.
Forum Energy Technologies (NYSE: FET) has announced its participation in the EnerCom Denver – The Energy Investment Conference. Chief Financial Officer Lyle Williams will present on Tuesday, August 20, 2024, at 9:45 a.m. Mountain Time. The presentation will be available via live webcast on FET's Investor Relations web page and the conference website.
FET is a global company serving the oil, natural gas, industrial, and renewable energy industries. It provides value-added solutions to increase the safety and efficiency of energy exploration and production. The company is committed to environmental and social responsibility, with its headquarters in Houston, TX, and facilities strategically located worldwide.
Forum Energy Technologies (NYSE: FET) reported Q2 2024 results with revenue of $205 million, up 11% year-over-year. The company posted a net loss of $7 million ($0.54 per diluted share) and an adjusted net loss of $1 million ($0.07 per diluted share). Adjusted EBITDA rose 48% year-over-year to $26 million.
FET generated strong free cash flow of $21 million and raised its 2024 full-year free cash flow guidance to $50-$70 million. The company maintained the bottom end of its adjusted EBITDA guidance but lowered the top end, now projecting $100-$110 million for 2024. FET plans to retire outstanding 2025 Notes and the Variperm Seller Term Loan by mid-2025.
Forum Energy Technologies (NYSE: FET) has announced its second quarter 2024 earnings conference call, scheduled for Friday, August 2, 2024, at 10:00 a.m. Central Time. The company will release its Q2 2024 earnings report before the call. Investors can access the webcast through FET's Investor Relations website. Those wishing to ask questions during the call should register online to receive dial-in information and a unique PIN.
FET is a global company serving the oil, natural gas, industrial, and renewable energy sectors, focusing on providing solutions that enhance safety and efficiency in energy exploration and production. The company emphasizes its commitment to environmental and social responsibility, with its headquarters in Houston, TX, and facilities worldwide.
Forum Energy Technologies (NYSE: FET) has announced plans to redeem $60 million of its 9.000% Convertible Senior Secured Notes due 2025 at par on August 16, 2024. The company expects to report cash flows from operating activities between $23 million and $25 million for Q2 2024. Additionally, FET repurchased approximately $13 million of the 2025 Notes at a discount during the quarter.
CEO Neal Lux stated that the company is executing its plan to retire long-term debt through positive free cash flow and liquidity under its ABL Credit Facility. Following this redemption, FET will have retired more than half of the outstanding principal amount of the 2025 Notes this year. The company aims to repay the remaining 2025 Notes and the Variperm Seller Term Loan in 2025.
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.