Forum Energy Technologies, Inc. (FET) News
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Latest FET News From Around the Web
Below are the latest news stories about FORUM ENERGY TECHNOLOGIES INC that investors may wish to consider to help them evaluate FET as an investment opportunity.
Sector Update: Energy Stocks Advance Premarket MondayEnergy stocks were advancing premarket Monday, with The Energy Select Sector SPDR Fund (XLE) 0.7% hi |
Forum Energy Technologies Announces $75 Million Share Repurchase Program and Completion of Sale-Leaseback TransactionsHOUSTON, December 09, 2024--Forum Energy Technologies, Inc. (NYSE: FET) ("FET") today announced that its Board of Directors has authorized a program for the repurchase of outstanding shares of FET’s common stock having an aggregate purchase price of up to $75 million. Shares may be repurchased under the program from time to time, in amounts and at prices that FET deems appropriate, subject to market and business conditions, applicable legal requirements and other considerations. The program does |
Winter 2024 Investor Summit Virtual: Q4 Presentations Now Available for On-Demand ViewingInvestor Summit Group, committed to advancing the MicroCap and SmallCap investment community, announces that the November 21, 2024 Winter Investor Summit Virtual Conference presentations are now available for on-demand viewing. Participants and those ... |
Forum Energy Technologies Announces Closing of $100 Million Senior Secured Bond IssuanceHOUSTON, November 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. The bonds will mature in November 2029 and were issued at par. Net proceeds from the Offering, together with cash on hand, were used to repay all borrowings outstanding under the seller term loan issued in connection with the acquisition of Variperm Energy Se |
Stonegate Capital Partners Updates Coverage on Forum Energy Technologies, Inc. (FET) Q3 24Dallas, Texas--(Newsfile Corp. - November 4, 2024) - Forum Energy Technologies, Inc. (NYSE: FET) Stonegate Capital Partners updates their coverage on Forum Energy Technologies, Inc. (NYSE: FET). FET reported revenue, adj EBITDA, and adj net income of $207.8M, $25.8M, and ($2.3)M, respectively. This compares to our/consensus estimates of $211.3M/$214.5M, $26.3M/$26.8M, and ($4.4)M/$0.7M. It is noted that revenues were in-line with our expectations. GPM was ... |
Forum Energy Technologies Inc (FET) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and ...Forum Energy Technologies Inc (FET) reports a 16% revenue increase and raises free cash flow guidance, while navigating market challenges and expanding its product offerings. |
Forum Energy: Q3 Earnings SnapshotHOUSTON (AP) — Forum Energy Technologies Inc. FET) on Thursday reported a loss of $14.8 million in its third quarter. On a per-share basis, the Houston-based company said it had a loss of $1.20. |
Forum Energy Technologies Announces Third Quarter 2024 Results; Raises Free Cash Flow GuidanceHOUSTON, October 31, 2024--Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2024 revenue of $208 million, a 1% sequential increase. Orders increased 14% sequentially to $206 million, with a book-to-bill ratio of 99%. The third quarter 2024 net loss was $15 million, or $1.20 per diluted share, compared to a second quarter net loss of $7 million, or $0.54 per diluted share. The adjusted net loss for the quarter was $2 million, or $0.19 per diluted share, compared to the se |
Forum Energy Technologies Announces Pricing of $100 Million Senior Secured Bond IssuanceHOUSTON, October 24, 2024--Forum Energy Technologies, Inc. (NYSE: FET) ("FET") announced today that it has finalized the terms of FET’s private offering of USD $100.0 million aggregate principal amount of 10.5% senior secured bonds (the "Offering"). The bonds will mature in November 2029 and will be issued at par. The Offering is expected to close on November 7, 2024, subject to customary closing conditions. FET intends to use the net proceeds from the Offering, together with cash on hand, to re |
Forum Energy Technologies Provides Preliminary Third Quarter 2024 Selected Financial ResultsHOUSTON, October 14, 2024--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. |