Welcome to our dedicated page for FORUM ENERGY TECHNOLOGIES SEC filings (Ticker: FET), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Forum Energy Technologies, Inc. filings document a public manufacturing company with common stock traded under the FET symbol and operations tied to oil, natural gas, defense, and renewable energy markets. Its 8-K reports include quarterly earnings releases, segment performance disclosures, and reconciliations for non-GAAP measures such as EBITDA, adjusted EBITDA, adjusted operating income, adjusted net income, free cash flow, book-to-bill ratio, and net leverage ratio.
The company’s SEC filings also cover material definitive agreements, including amendments to its senior secured asset-based lending credit facility, related debt-obligation disclosures, proxy materials for annual stockholder meetings, director elections and appointments, board committee matters, executive compensation, equity awards, governance policies, and stockholder voting items.
Forum Energy Technologies, Inc. disclosed that on September 18, 2025, director Leslie A. Beyer notified the company she is retiring from the board effective immediately because she was confirmed as Assistant Secretary of the Interior for Lands and Minerals Management at the U.S. Department of the Interior. The filing states her retirement was not due to any disagreement with the company on operations, policies, practices or otherwise.
MacKay Shields LLC reports beneficial ownership of 244,223 shares of Forum Energy Technologies common stock, representing 2.05% of the class. The filer states it has sole voting and dispositive power over these shares and indicates the holdings were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer. The filing is an amendment to a Schedule 13G and affirms no group affiliation or applicable parent/subsidiary acquisition details.
Forum Energy Technologies, Inc. has filed a post-effective amendment to two existing Form S-8 registration statements to terminate all offerings under its employee stock purchase plan registrations. The company is deregistering any shares of common stock that were previously registered but remain unsold or unissued under a 2013 Form S-8 that had registered 605,000 shares and a 2017 Form S-8 that had registered an additional 900,000 shares for the plan.
Forum Energy Technologies filed registration statements to make additional common stock available for its employee stock purchase plan, registering 605,000 shares under the original plan filing and a further 900,000 shares under an amended plan, for a total of 1,505,000 shares reserved for issuance to employees.
Quarterly highlights (unaudited)
Forum Energy Technologies, Inc. (FET) reported revenue of $199.8 million for the three months ended June 30, 2025 (Q2 2025) and $393.0 million for the six months ended June 30, 2025, versus $205.2 million and $407.6 million in the comparable 2024 periods. Q2 2025 gross profit was $59.4 million and operating income was $14.7 million. Net income for Q2 2025 was $7.7 million (diluted EPS $0.61) versus a loss of $6.7 million in Q2 2024; six-month net income was $8.8 million (diluted EPS $0.70) versus a loss of $17.0 million a year earlier.
Liquidity, debt and corporate actions
- Cash and cash equivalents: $38.97 million at June 30, 2025.
- Credit Facility availability: $93.1 million; borrowings under facility: $62.4 million.
- 2029 Bonds principal: $100.0 million (10.5% coupon).
- Long-term debt, net of current portion: $157.7 million.
- Board approved increase in authorized common shares to 29.6 million on May 9, 2025.
- Share repurchases: repurchased ~331k shares for $6.3 million in H1 2025 (remaining repurchase authorization $68.7 million); subsequent repurchase ~249k shares for $5.0M.
Other material items Gain on sale-leaseback recognized of $6.9 million with proceeds ~ $8.0M; contract liabilities increased $10.9M YTD primarily due to Subsea milestone billings; the company was in compliance with Credit Facility and 2029 Bonds covenants at June 30, 2025.