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 Mandatory Conversion of 9.00% Convertible Senior Secured Notes
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 HOUSTON --(BUSINESS WIRE)--Dec. 29, 2022-- Forum Energy Technologies, Inc....
Forum Energy Technologies Closes Sale-Leaseback Transaction
Generates approximately $32 million in net proceeds Presents meaningful deleveraging opportunity HOUSTON --(BUSINESS WIRE)--Nov. 30, 2022-- Forum Energy Technologies, Inc. (NYSE: FET) announced today that it has closed a sale of four manufacturing and distribution centers located in Texas and...
Forum Energy Technologies Announces Third Quarter 2022 Results and Outlook
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 million and Free Cash Flow of $17.3 million...
