FET News and Press, Forum Energy Technologies Inc. From 03/27/23

Forum Energy Technologies, Inc. (NYSE: FET) has been awarded an approximately $25 million contract to design, engineer, and supply four electrostatic desalter systems for an onshore project at the Safaniyah oil field, Kingdom of Saudi Arabia. The desalter systems will utilize FET’s EDGE ...

2023-03-19 04:19:57 ET Summary Forum Energy expects international offshore markets to drive growth in 2023. Rig reactivation in the offshore market can benefit its mud systems and tubular handling businesses. Supply chain disruption and higher freight expenses affected its ope...

Forum Energy Technologies, Inc. (FET) Q4 2022 Earnings Conference Call February 21, 2023, 11:00 AM ET Company Participants Rob Kukla - Director, IR Neal Lux - President and CEO Lyle Williams - CFO Conference Call Participants John Daniel - Daniel Energy Par...

Forum Energy press release ( NYSE: FET ): Q4 Non-GAAP EPS of -$0.45. Revenue of $191M (+29.0% Y/Y). Orders received were $215M, with a book-to-bill ratio of 113%. "Looking ahead, on-going global supply and demand imbalances for commodities are creating long-term opportunit...

Full Year 2022 Highlights and 2023 Guidance Revenue: $700 million, a 29% year-over-year increase Orders: $781 million and book-to-bill ratio of 112% Net Income: $4 million and diluted EPS of $0.62 Adjusted EBITDA: $59 million, a 194% increase from 2021 Se...

In early 2023, artificial-intelligence (AI) tokens continue to be one of the hottest segments of the crypto market. Some of the most popular crypto AI tokens -- such as Fetch.AI (CRYPTO: FET) and SingularityNET (CRYPTO: AGIX) -- are posting 20% gains in a single day. Singulari...

Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2022 earnings conference call at 10:00 a.m. Central Standard Time on Tuesday, February 21, 2023. FET will issue a press release regarding its fourth quarter and full year 2022 earnings p...

Forum Energy Technologies ( NYSE: FET ) is set to convert $122.8M, or 47.8%, of the 9.00% convertible senior secured notes due August 2025 into ~4.5M shares on Jan. 3, 2023. The settlement date will be Jan. 5, 2023. The current conversion satisfies a mandatory conversion requ...

Approximately $123 million, or 48%, of 9.00% Convertible Senior Secured Notes due August 2025 to convert into approximately 4.5 million shares of FET common stock Over $11 million reduction in annualized interest payments Forum Energy Technologies, Inc. (NYSE: FET) today announced t...

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...