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) 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.
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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