Smart Solutions. Powerful Products.
FET (Forum Energy Technologies) is a global company, serving the oil, natural gas, industrial, and renewable energy industries. FET provides value-added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution, and service facilities strategically located throughout the world.
Latest News
Forum Energy Technologies Announces $75 Million Share Repurchase Program and Completion of Sale-Leaseback Transactions
$75 million share repurchase program Net Proceeds of $20 million from sale-leaseback transactions HOUSTON --(BUSINESS WIRE)--Dec. 9, 2024-- Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) today announced that its Board of Directors has authorized a program for the repurchase of outstanding...
Forum Energy Technologies Announces Closing of $100 Million Senior Secured Bond Issuance
HOUSTON --(BUSINESS WIRE)--Nov. 11, 2024-- Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) announced today that it closed its offering of USD $100.0 million aggregate principal amount of 10.5% senior secured bonds (the “Offering”) on November 8, 2024 ....
Forum Energy Technologies Announces Third Quarter 2024 Results; Raises Free Cash Flow Guidance
Revenue: $208 million , a 16% year-over-year increase Orders: $206 million and book-to-bill of 99% Net loss: $15 million , or $1.20 per diluted share Adjusted EBITDA: $26 million , up 55% year-over-year Operating cash flow and free cash flow: $26 million and $25 million , respectively Raises...
