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) is a global manufacturing company headquartered in Houston, Texas, serving the oil, natural gas, industrial and renewable energy industries. The FET news page on Stock Titan aggregates company press releases and market updates so readers can follow how Forum Energy Technologies communicates its strategy, operations and financial performance.
News about Forum Energy Technologies frequently covers quarterly earnings results, segment performance for Drilling and Completions and Artificial Lift and Downhole, and metrics such as book-to-bill ratio, backlog, free cash flow and adjusted EBITDA. These updates provide insight into demand trends for drilling, subsea, coiled tubing, wireline, stimulation, well construction, artificial lift and oil and natural gas processing products.
Investors and industry followers can also use this page to track announcements related to capital allocation, including debt reduction and share repurchases, as well as commentary on the company’s long-term FET 2030 growth plan. Management remarks in earnings releases and conference presentations outline how Forum Energy Technologies seeks to grow revenue and market share in key markets and utilize its global footprint.
In addition to financial results, the news feed includes items on corporate governance and strategic relationships, such as board appointments and collaborations in subsea and robotics technologies. Examples include agreements related to subsea electric manipulator systems and references to offshore defense orders within the company’s backlog. By reviewing these updates in one place, readers can monitor how Forum Energy Technologies positions itself across oil, gas, industrial and renewable energy markets and how its segment mix and order trends evolve over time.
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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