Stonegate Capital Partners Updates Coverage on Forum Energy Technologies, Inc. (FET) Q1 25
Forum Energy Technologies (NYSE: FET) reported its Q1 2025 financial results with revenue of $193.3M, slightly below consensus estimates of $196.5M. The company's adjusted EBITDA came in at $20.1M with margins of 10.4%, falling short of expectations of $23.0M. Adjusted net income was $0.5M, significantly below consensus estimates of $3.3M.
Notable achievements include the seventh consecutive quarter of positive free cash flow, generating $7.0M in Q1. The company's Drilling and Completions segment showed growth with revenue increasing 4% sequentially to $116.0M. Management has initiated cost-reduction measures aimed at eliminating approximately $10M in annualized costs.
Forum Energy Technologies (NYSE: FET) ha comunicato i risultati finanziari del primo trimestre 2025 con un fatturato di 193,3 milioni di dollari, leggermente inferiore alle stime di consenso di 196,5 milioni di dollari. L'EBITDA rettificato dell'azienda è stato di 20,1 milioni di dollari con margini del 10,4%, al di sotto delle aspettative di 23,0 milioni di dollari. L'utile netto rettificato è stato di 0,5 milioni di dollari, significativamente inferiore alle stime di consenso di 3,3 milioni di dollari.
Tra i risultati degni di nota si segnala il settimo trimestre consecutivo di flusso di cassa libero positivo, con una generazione di 7,0 milioni di dollari nel primo trimestre. Il segmento Drilling and Completions ha mostrato una crescita, con ricavi in aumento del 4% sequenziale a 116,0 milioni di dollari. La direzione ha avviato misure di riduzione dei costi finalizzate a eliminare circa 10 milioni di dollari di costi annualizzati.
Forum Energy Technologies (NYSE: FET) reportó sus resultados financieros del primer trimestre de 2025 con ingresos de
Entre los logros destacables se incluye el séptimo trimestre consecutivo con flujo de caja libre positivo, generando 7.0 millones de dólares en el primer trimestre. El segmento de Perforación y Terminaciones mostró crecimiento con ingresos que aumentaron un 4% secuencialmente hasta 116.0 millones. La dirección ha iniciado medidas de reducción de costos destinadas a eliminar aproximadamente 10 millones de dólares en costos anualizados.
Forum Energy Technologies (NYSE: FET)는 2025년 1분기 재무 실적을 발표했으며, 매출은 1억 9330만 달러로 컨센서스 예상치인 1억 9650만 달러보다 약간 낮았습니다. 회사의 조정 EBITDA는 2010만 달러로 마진은 10.4%였으며, 예상치인 2300만 달러에 미치지 못했습니다. 조정 순이익은 50만 달러로 컨센서스 예상치인 330만 달러보다 크게 낮았습니다.
주목할 만한 성과로는 7분기 연속 긍정적인 자유현금흐름을 기록하며 1분기에 700만 달러를 창출한 점이 있습니다. 회사의 시추 및 완성 부문은 매출이 전분기 대비 4% 증가하여 1억 1600만 달러를 기록하며 성장세를 보였습니다. 경영진은 연간 약 1000만 달러의 비용을 절감하기 위한 비용 절감 조치를 시작했습니다.
Forum Energy Technologies (NYSE : FET) a publié ses résultats financiers du premier trimestre 2025 avec un chiffre d'affaires de 193,3 millions de dollars, légèrement inférieur aux estimations consensuelles de 196,5 millions de dollars. L'EBITDA ajusté de la société s'est élevé à 20,1 millions de dollars avec une marge de 10,4 %, en dessous des attentes de 23,0 millions de dollars. Le bénéfice net ajusté était de 0,5 million de dollars, nettement inférieur aux estimations consensuelles de 3,3 millions de dollars.
Parmi les réalisations notables, on compte le septième trimestre consécutif de flux de trésorerie disponible positif, générant 7,0 millions de dollars au premier trimestre. Le segment Forage et Achèvement a montré une croissance avec un chiffre d'affaires en hausse de 4 % en séquentiel à 116,0 millions de dollars. La direction a lancé des mesures de réduction des coûts visant à éliminer environ 10 millions de dollars de coûts annuels.
Forum Energy Technologies (NYSE: FET) meldete seine Finanzergebnisse für das erste Quartal 2025 mit einem Umsatz von 193,3 Mio. USD, was leicht unter den Konsensschätzungen von 196,5 Mio. USD lag. Das bereinigte EBITDA des Unternehmens betrug 20,1 Mio. USD bei einer Marge von 10,4 % und verfehlte damit die Erwartungen von 23,0 Mio. USD. Der bereinigte Nettogewinn lag bei 0,5 Mio. USD und damit deutlich unter den Konsensschätzungen von 3,3 Mio. USD.
Zu den bemerkenswerten Erfolgen zählt das siebte Quartal in Folge mit positivem Free Cashflow, der im ersten Quartal 7,0 Mio. USD betrug. Das Segment Bohrungen und Fertigstellungen verzeichnete ein Wachstum mit einem Umsatzanstieg von 4 % sequenziell auf 116,0 Mio. USD. Das Management hat Kostensenkungsmaßnahmen eingeleitet, die darauf abzielen, jährlich rund 10 Mio. USD an Kosten einzusparen.
- Seventh consecutive quarter of positive free cash flow, generating $7.0M
- Drilling and Completions segment revenue grew 4% sequentially to $116.0M
- Implementation of cost reduction initiatives targeting $10M in annual savings
- Revenue of $193.3M missed consensus estimates of $196.5M
- Adjusted EBITDA of $20.1M fell short of expected $23.0M
- Adjusted net income of $0.5M significantly below consensus of $3.3M
- EBITDA margins declined to 10.4%, below expectations
Dallas, Texas--(Newsfile Corp. - May 5, 2025) - Forum Energy Technologies, Inc. (NYSE: FET) Stonegate Capital Partners updates their coverage on Forum Energy Technologies, Inc. (NYSE: FET). FET reported revenue, adj EBITDA, and adj net income of
To view the full announcement, including downloadable images, bios, and more, click here.
Key Takeaways:
- In 1Q25, FET generated ~
$7.0M of FCF, marking the seventh consecutive quarter of positive results. - FET initiated actions to eliminate ~
$10M of annualized costs. - Drilling and Completions revenue increased by ~
4% sequentially to$116.0M .
Click image above to view full announcement.
About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking, equity research and capital raising for public and private companies.
Contacts:
Stonegate Capital Partners
(214) 987-4121
info@stonegateinc.com
Source: Stonegate, Inc.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250796
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