FET News and Press, Forum Energy Technologies Inc. From 09/26/22

Summary Oilfield services were exceptionally volatile last week as crude oil and natural gas declined 8% and 10% respectively. 53 oilfield service companies were evaluated using a value matrix with factors including value, growth, profitability, ownership, and debt. Based on v...

Summary Even though energy has been the best performing sector of the year by a large margin, deep values remain in under-covered and small cap oilfield services. Fifty-three oilfield service equities were evaluated using a value matrix including factors for value, growth, profita...

Summary The energy industry's choice of consumable items over the capital components should favor Forum Energy in the short term. FET's valve and production equipment bookings grew substantially from Q1 to Q2. The company aims to turn free cash flow positive in 2H 2022. De...

Forum Energy press release ( NYSE: FET ): Q2 Non-GAAP EPS of -$0.73. Revenue of $172.2M (+25.7% Y/Y). Orders of $203M and book-to-bill ratio of 1.18 Adjusted EBITDA of $15.5M, a sequential increase of 74%. "We forecast third quarter revenue to be between $170 a...

Revenue of $172 million, an 11% sequential increase Orders of $203 million and book-to-bill ratio of 1.18 Net income of $9 million and diluted EPS of $1.15 Adjusted EBITDA of $15.5 million, a sequential increase of $7 million, or 74% Forum Energy ...

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2022 earnings conference call at 10:00 AM CDT on Friday, August 5, 2022. Forum will issue a press release regarding its second quarter 2022 earnings prior to the conference call. The cal...

Drilling and Completions segments topline has tailwinds following increased energy activity in the US and internationally. It focuses on creating an asset-light and scalable base, mitigating the inflationary pressures. Diversification into offshore wind can become more profitable ...

Forum Energy Technologies, Inc. (FET) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Lyle Williams – Chief Financial Officer Neal Lux – President and Chief Executive Officer Conference Call Participants Dan Pickering – Pickering Energy Partn...

Forum Energy press release (NYSE:FET): Q1 Non-GAAP EPS of -$2.00. Revenue of $155.2M (+35.5% Y/Y). Orders of $165 million and book-to-bill ratio of 1.06 Adjusted EBITDA of $9 million, a sequential increase of $5 million, or 112% Shares +1% AH. For further details see: Forum Energy Non-G...

Revenue of $155 million, a 5% sequential increase Orders of $165 million and book-to-bill ratio of 1.06 Net loss of $9 million and diluted EPS of negative $1.62 Adjusted EBITDA of $9 million, a sequential increase of $5 million, or 112% Forum Ener...