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.
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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.
Forum Energy Technologies, Inc. (NYSE: FET) will host its fourth quarter and full year 2022 earnings conference call on February 21, 2023, at 10:00 a.m. CST. A press release detailing earnings will precede the call. Participants can register through the Investor Relations page or directly here. A replay will be available post-call from 5:00 p.m. CST on the same day.
Forum Energy Technologies (FET) announced the mandatory conversion of approximately