Forum Energy Technologies(FET)
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FET Extends Credit Facility Maturity to February 2031
Businesswire· 2026-02-04 22:19
Lyle Williams, Executive Vice President and Chief Financial Officer, remarked, "This amendment further strengthens FET's balance sheet, and we appreciate our bank group's support. The Credit Facility commitments of $250 million provide significant flexibility for FET to fund strategic initiatives, including long- term debt retirement, organic investments and acquisition opportunities. We are focused on our pursuit of realizing FET 2030.†The amendment's key elements include: (i) the maturity has been exten ...
Here's Why Momentum in Forum Energy (FET) Should Keep going
ZACKS· 2026-01-30 14:55
When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the st ...
Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2025 Earnings Conference Call
Businesswire· 2026-01-30 13:30
HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its fourth quarter and full year 2025 earnings conference call at 10:00 a.m. Central Time on Friday, February 20, 2026. FET will issue a press release reporting its fourth quarter and full year 2025 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 may also join the call by registering here. A replay of the ca ...
Best Low-Beta Stocks to Own Right Away: FUTU, FET, DG & SKM
ZACKS· 2026-01-30 13:26
Key Takeaways FUTU, FET, DG and SKM were screened for low beta, recent gains, strong volume and price above $5.FUTU, FET, DG and SKM were screened for low beta, recent gains, strong volume and price above $5.FET is reducing debt and investing strategically to meet rising global energy demand.The U.S. stock market will remain volatile as investors are worried about who will lead the Federal Reserve. The possibility of a government shutdown is adding to the concerns.Amid the increasing fears, one can also bet ...
5 Stocks With Recent Price to Strengthen Your Portfolio
ZACKS· 2026-01-28 14:51
Key Takeaways RFIL has been witnessing enormous recent price gains as U.S. markets begin 2026 in positive territory.BWMX jumped 32.7% in four weeks, backed by a 44.4% expected earnings growth rate for the current year.KRYS shares rose 10.5% in four weeks as Vyjuvek uptake and EU and Japan approvals support sales growth. U.S. stock markets have started 2026 on a positive note. All three major stock indexes are trading in positive territory. The fourth-quarter 2025 earnings season has been projected to remain ...
Is Forum Energy Technologies (FET) Stock Outpacing Its Oils-Energy Peers This Year?
ZACKS· 2026-01-14 15:41
For those looking to find strong Oils-Energy stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Forum Energy Technologies (FET) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Oils-Energy peers, we might be able to answer that question.Forum Energy Technologies is a member of our Oils-Energy group, which includes 237 different companies and currently sits at #10 in the Zacks Sector Rank. The Zac ...
Forum Energy Technologies (NYSE:FET) Conference Transcript
2025-12-09 16:02
Summary of Forum Energy Technologies (FET) Conference Call Company Overview - **Company**: Forum Energy Technologies (NYSE:FET) - **Industry**: Energy sector, specifically oil and gas equipment manufacturing - **Segments**: - Artificial lift and downhole (42% of revenue) - Drilling and completion Core Points and Arguments 1. **Product Offerings**: - Provides products to energy companies like ExxonMobil and Saudi Aramco, enhancing hydrocarbon production efficiency by extending pump life and removing impurities [2][3] - Supplies drilling equipment to major oilfield service companies such as Halliburton and Schlumberger [2] 2. **Financial Performance**: - Achieved a compound annual growth rate (CAGR) of 15% in revenue from 2021 to 2024 [5] - EBITDA increased from $20 million in 2021 to $100 million in 2024, with margins rising from 4% to 12% [5] - Free cash flow growth of 73% annually since 2021, compared to a negative 2% for the Russell 2000 [6] 3. **Valuation Metrics**: - FET's free cash flow yield is four times higher than the average Russell 2000 stock [8] - Valuation metrics indicate FET is 2-3 times less expensive than the average Russell 2000 stock [8] 4. **Capital Returns**: - 50% of free cash flow allocated to net debt reduction, decreasing net debt from $344 million to $114 million (67% reduction) since 2019 [9] - 7% of shares repurchased in 2025, totaling approximately 1.1 million shares [9] 5. **Growth Strategy**: - Focused on targeted markets with limited competition, leveraging manufacturing know-how and intellectual property [10][11] - Anticipates revenue growth of 30% to $1 billion in a flat market scenario, with potential to double revenue to $1.6 billion in a growing market [19][21] 6. **Market Position**: - Holds a 36% market share in leadership markets, with an addressable market size of $1.5 billion [14] - Growth markets represent a $3 billion opportunity with an 8% market share, indicating significant potential for new customer acquisition [16] 7. **Innovation and Technology**: - Continuous innovation in product development to maintain competitive advantages and expand addressable markets [11] 8. **Subsea and Deep-water Projects**: - Approximately 10% of revenue tied to subsea products, with a strong backlog indicating future demand [23][26] Other Important Insights - **Book-to-Bill Ratio**: Currently at 122%, indicating higher than normal demand for capital equipment, particularly in international markets [27] - **Cost Savings Initiatives**: Management has implemented cost-saving measures totaling $15 million, contributing to a favorable outlook for the next year [26] - **Market Drivers**: Anticipated growth in global GDP and urbanization will drive oil and gas demand, necessitating efficient production solutions [20] This summary encapsulates the key insights from the Forum Energy Technologies conference call, highlighting the company's strong financial performance, strategic growth initiatives, and market positioning within the energy sector.
Forum Energy Technologies (NYSE:FET) Earnings Call Presentation
2025-12-09 15:00
INVESTOR SUMMIT VIRTUAL CONFERENCE DECEMBER 9, 2025 Forward Looking Statements and Non-GAAP Reconciliation The statements made during this presentation, including the answers to your questions, may include information that the Company believes to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act. Forward-looking statements involve risk and uncertainties that may cause actual results or events to differ materially from those expressed or implied in such statemen ...
Forum Energy Technologies to Present at the Investor Summit Virtual Conference
Businesswire· 2025-12-08 23:25
Group 1 - Forum Energy Technologies, Inc. (FET) will present at the Investor Summit Virtual Conference on December 9, 2025, at 9:00 a.m. Central Time [1] - The event is open access, and interested parties can register through a provided link [1] - A live webcast and presentation slides will be available on FET's website prior to the event [1] Group 2 - The Investor Summit is a virtual event that connects investors with small and microcap companies, allowing attendees to hear directly from company executives [2] - Attendees will have access to 1-on-1 meetings with company executives to discuss key strategies and milestones [2] Group 3 - FET is a global manufacturing company serving the oil, natural gas, industrial, and renewable energy industries [3] - The company is headquartered in Houston, Texas, and provides value-added solutions to improve safety, efficiency, and environmental impact for its customers [3]
The Future Of Forum Energy Technologies Looks Much Brighter Than Its Past (NYSE:FET)
Seeking Alpha· 2025-12-04 13:55
Core Insights - Forum Energy Technologies (FET) has experienced a significant stock price increase of 106% this year, outperforming the broader stock market [1] Company Performance - FET is recognized as one of the top-performing stocks in the entire stock market for the current year [1]