FET Stock Recent News

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2024 revenue of $201 million and orders of $190 million. Fourth quarter net loss of $104 million includes a non-cash, pre-tax intangible asset impairment of $119 million and an $11 million tax valuation allowance release. Net loss for 2024 was $135 million, or $11.00 per diluted share. Adjusted net loss for the quarter was $6 million and $11 million for 2024.1 Neal Lux, President and Chief Execu.

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that Mr. C. Christopher Gaut plans to retire from the FET Board of Directors at the end of his term and not stand for re-election at FET's 2025 annual meeting of stockholders. Mr. Gaut was first elected as a director of Forum Oilfield Technologies in 2006. In 2010, following his retirement from Halliburton, where he led a distinguished career as Chief Financial Officer, Mr. Gaut developed a strategy leading to.

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2024 earnings conference call at 10:00 a.m. Central Time on Friday, February 21, 2025. FET will issue a press release reporting its fourth quarter and full year 2024 earnings prior to the conference call. The call will be webcast through the Investor Relations link on FET's website at ir.f-e-t.com. Participants who want to ask a question during the call should.

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) congratulates Leslie A. Beyer, a member of FET's Board of Directors, on her nomination to serve as Assistant Secretary for Land and Minerals Management in the U.S. Department of Interior (DOI). Once confirmed by the Senate, Ms. Beyer would oversee multiple key agencies within the DOI, including the Bureau of Land Management; Office of Surface Mining Reclamation and Enforcement; Bureau of Ocean Energy Management; and Bureau of.

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financial Officer, are scheduled to present at the Sidoti Virtual Micro Cap Conference on Wednesday, January 22, 2025 at 11:30 a.m. Eastern Time. The presentation can be accessed live at the following link: https://sidoti.zoom.us/webinar/register/WN_msJcxtctQA6hqOwKwkYYIg A link to the live webcast and t.

Forum Energy Technologies announced a US$75 million share buyback program, to address the issue of stock undervaluation. The share repurchase program of such a magnitude seems to be supported by the balance sheet, business fundamentals, and especially anticipated FCF in the foreseeable future. I believe the current bearish sentiment represents an opportunity for risk-tolerant, patient investors with no less than a two-year investment time horizon to consider this turnaround story.

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (the “Company” or “FET”) today announced the following preliminary selected Third Quarter 2024 financial results, compared to the Second Quarter 2024. Revenue of approximately $208 million, compared to $205 million Bookings of approximately $205 million, compared to $180 million Adjusted EBITDA of approximately $26 million, compared to $26 million Free Cash Flow (before acquisitions) of approximately $24 million, compared to.

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) (“FET”) announced today the commencement of a backstopped private offering of USD $100.0 million aggregate principal amount of 5-year senior secured bonds (the “Offering”). FET intends to use the net proceeds from the Offering, together with cash on hand, to redeem in full all outstanding 9.000% Convertible Senior Secured Notes due 2025 (the “2025 Notes”) and to repay all borrowings outstanding under the seller term loan issu.

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HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that Neal Lux, President and Chief Executive Officer, and Lyle Williams, Executive Vice President and Chief Financial Officer, will participate in a fireside chat with Water Tower Research on Wednesday, October 9, 2024 at 10:00 a.m. Central Time. The event is open access and interested parties can register through the following link: https://us06web.zoom.us/webinar/register/WN__3UUoA50RWS9BRlXns1M-Q A link to.