FET News and Press, Forum Energy Technologies Inc. From 11/30/22

Generates approximately $32 million in net proceeds Presents meaningful deleveraging opportunity Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has closed a sale of four manufacturing and distribution centers located in Texas and Louisiana. The properties will r...

Forum Energy press release ( NYSE: FET ): Q3 GAAP EPS of $1.82. Revenue of $181.8M (+28.9% Y/Y). Orders of $198 million and book-to-bill ratio of 1.09 Adjusted EBITDA of $17.8 million, a 15% sequential increase Operating Cash Flow of $18.5 million and Free Cash...

Revenue of $182 million, a 6% sequential increase Orders of $198 million and book-to-bill ratio of 1.09 Net income of $16.5 million and diluted EPS of $1.82 Adjusted EBITDA of $17.8 million, a 15% sequential increase Operating Cash Flow of $18.5 milli...

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has changed the date and time of its previously announced third quarter 2022 earnings conference call to 11:00 a.m. Central Standard Time on Wednesday, November 9, 2022. FET will issue a press release regarding its thir...

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2022 earnings conference call at 10:00 a.m. Central Standard Time on Friday, November 11, 2022. FET will issue a press release regarding its third quarter 2022 earnings prior to the conferenc...

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 ...