Financial Data and Key Metrics Changes - Fourth quarter revenue reached $202 million, exceeding the top end of guidance and increasing 3% sequentially, despite a flat global rig count [13] - Adjusted EBITDA for the quarter was $23 million, at the top end of guidance, driven by higher revenue and cost reductions [13] - Free cash flow generation was strong, totaling $80 million for the full year, with a free cash flow conversion rate of 76% when excluding sale-leaseback proceeds [16][19] Business Line Data and Key Metrics Changes - Drilling and completion revenue increased by 8% to $127 million, while subsea product line revenue rose by 25% due to ROV projects and a significant rescue submarine order [14] - Coiled tubing revenue was up 13%, supported by strong sales in North America [14] - The artificial lift and downhole segment had a book-to-bill ratio of 107%, with revenue of $75 million, down 4% sequentially [15] Market Data and Key Metrics Changes - International revenue increased by 8%, marking the second consecutive quarter where international revenue exceeded U.S. revenue, which declined by 2% [13] - The company reported a full year book-to-bill ratio of 113%, with a nearly 190% book-to-bill for the subsea product line [6][10] Company Strategy and Development Direction - The company is focused on its strategic vision, FET 2030, aiming for market share gains through customer engagement, product innovation, and geographic expansion [5] - New product development is central to the company's strategy, with 10 new products commercialized in 2025, including the Secura Series stage collars and DuraCoil 95 [8][9] - The company expects to double revenue in five years, driven by an expanding addressable market and targeted market share gains [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a bullish long-term outlook, anticipating increased oil and natural gas demand over the next five years [10] - The company expects revenue growth of 6% and EBITDA to increase by 16% for the full year 2026, with guidance for revenue between $800 million and $880 million [11][12] - Management highlighted the importance of maintaining margin and cost discipline while navigating a challenging operating environment [10] Other Important Information - The company ended the year with a net debt of $107 million and a net leverage ratio of 1.2x, with liquidity of $108 million [16] - The credit facility maturity was extended to February 2031, providing significant flexibility for strategic initiatives [16] Q&A Session Summary Question: Can you talk about the trajectory in the subsea business for 2026 and 2027? - Management indicated strong demand in energy and defense, with expectations to convert backlog in 2026 and add for 2027 and beyond [26] Question: Where do you see the biggest benefit for FET in unconventional oil or gas development globally? - Management highlighted opportunities in Argentina and Saudi Arabia, focusing on adopting advanced technology [27] Question: What were the pluses and minuses in the quarter that led to exceeding guidance? - Management noted solid execution and no significant end-of-year slowdown, particularly in the subsea product line [33][36] Question: How do you achieve strong free cash flow guidance in a growth market? - Management explained that cash flow guidance is based on effective working capital management and revenue growth [41][42] Question: What is the impact of the recent tariff ruling? - Management stated that while some tariffs were struck down, others remain in place and have impacted steel supply [95] Question: What are the expectations for M&A opportunities? - Management noted an increase in companies being marketed for sale, with a focus on finding businesses that fit their strategic criteria [63][64]

Forum Energy Technologies (NYSE:FET) Q4 2025 Earnings call February 20, 2026 11:00 AM ET Company ParticipantsJeff Robertson - Managing DirectorJohn Daniel - Founder and PresidentKeith Beckmann - VP of Equity ResearchLyle Williams - CFONeal Lux - President and CEORob Kukla - Director of Investor RelationsConference Call ParticipantsEric Carlson - AnalystSteve Ferazani - Senior Equity AnalystOperatorMorning, ladies and gentlemen, and welcome to the Forum Energy Technologies' Fourth Quarter and Full Year 2025 ...

Financial Data and Key Metrics Changes - Fourth quarter revenue reached $202 million, exceeding the top end of guidance and increasing 3% sequentially, driven by strength in offshore and international markets [12] - Adjusted EBITDA for the quarter was $23 million, at the top end of guidance, with free cash flow generation totaling $80 million for the year [9][12] - Net debt was reduced by 28% to $107 million, with a net leverage ratio of 1.2x, indicating improved financial health [16] Business Line Data and Key Metrics Changes - Drilling and completion revenue increased by 8% to $127 million, while the subsea product line revenue rose by 25% due to strong project execution [13] - Coiled tubing revenue was up 13%, and drilling product line revenue increased by 11%, supported by international demand [13] - The artificial lift and downhole segment saw a book-to-bill of 107%, although revenue decreased by 4% sequentially [14] Market Data and Key Metrics Changes - International revenue increased by 8%, while U.S. revenue declined by 2% due to project timing and softer demand [12] - The company reported a full year book-to-bill of 113%, with a particularly strong performance in the subsea product line, achieving a nearly 190% book-to-bill [6] Company Strategy and Development Direction - The company is focused on its strategic vision, FET 2030, aiming for market share gains through customer engagement, product innovation, and geographic expansion [5] - New product development is central to growth, with 10 new products commercialized in 2025, including innovations like the Secura Series stage collars and DuraCoil 95 [7][8] - The company anticipates a 50% expansion in addressable markets over the next five years, potentially doubling revenue [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a bullish long-term outlook, expecting oil and natural gas demand to grow significantly [9] - Despite a challenging environment, the company aims to achieve revenue growth of 6% and EBITDA growth of 16% in 2026 [10] - The management highlighted the importance of maintaining margin and cost discipline while executing on strategic initiatives [8][9] Other Important Information - The company completed two real estate sale-leaseback transactions generating $15 million in net cash proceeds [15] - The credit facility was extended to February 2031, providing significant flexibility for funding strategic initiatives [16] Q&A Session Summary Question: Trajectory in subsea business for 2026 and 2027 - Management expects strong demand in the subsea business, with a focus on converting backlog and expanding into international unconventional markets [26] Question: Acquisition targets and areas of interest - The company is interested in downhole businesses that offer differentiated solutions and are accretive to financial metrics [29] Question: Factors contributing to exceeding guidance in Q4 - Strong execution by teams and no significant end-of-year slowdown contributed to better-than-expected results [33] Question: Guidance for Q1 and revenue growth despite rig count decline - The company anticipates revenue growth due to backlog and structural cost savings, despite a projected decline in global rig count [37] Question: Free cash flow guidance and working capital management - The company expects strong free cash flow driven by effective working capital management and revenue growth [40] Question: Timing of share buybacks in 2026 - Management indicated that share buybacks may be back-end loaded in 2026, similar to the previous year [46] Question: Growth avenues in DNC business and artificial lift - The subsea and artificial lift segments are expected to drive significant growth, particularly in international markets [54] Question: M&A opportunities and seller expectations - The company is seeing an increase in companies for sale, with seller expectations rising due to improved public company stock multiples [63] Question: Impact of tariffs and deferred tax assets - The company is focused on mitigating tariff impacts and optimizing tax strategies as profitability grows [95][100]

Core Insights - Forum Energy Technologies (FET) reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.36 per share, and a significant improvement from a loss of $0.48 per share a year ago [1] - The earnings surprise of +13.89% indicates strong performance, with the company having surpassed consensus EPS estimates two times over the last four quarters [2] Financial Performance - The company posted revenues of $202.2 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 6.14%, and showing a slight increase from $201 million in the same quarter last year [3] - Forum Energy has topped consensus revenue estimates three times over the last four quarters [3] Stock Performance - Forum Energy shares have increased approximately 41% since the beginning of the year, significantly outperforming the S&P 500's gain of 0.5% [4] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for continued outperformance in the near future [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $193.8 million, and for the current fiscal year, it is $1.65 on revenues of $802.9 million [8] - The outlook for the industry, specifically the Oil and Gas - Mechanical and Equipment sector, is currently in the bottom 41% of Zacks industries, which may impact stock performance [9]

Exhibit 99.1 Fourth Quarter 2025 Highlights Full Year 2025 Highlights Full Year 2026 Guidance (comparisons at midpoint) HOUSTON, TEXAS, February 19, 2026 - Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2025 revenue of $202.2 million and net income of $2.1 million or $0.17 per diluted share. Adjusted for $2.9 million of foreign tax settlement, asset impairments, restructuring costs and other items, adjusted net income was $5.0 million or approximately $0.41 per diluted share. 1 N ...

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2025 revenue of $202.2 million and net income of $2.1 million or $0.17 per diluted share. Adjusted for $2.9 million of foreign tax settlement, asset impairments, restructuring costs and other items, adjusted net income was $5.0 million or approximately $0.41 per diluted share.1 Neal Lux, President and Chief Executive Officer, remarked, "2025 was another great step forward and further positioned. ...

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the utility of a specific screening strategy to find stocks with strong fundamentals and positive momentum. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to sustain their upward price trends, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - This screening method simplifies the process of shortlisting stocks that are likely to maintain their recent uptrend, which is crucial for short-term investors [3]. Group 2: Company Analysis - Forum Energy Technologies (FET) - Forum Energy Technologies (FET) has shown a significant price increase of 67.3% over the past 12 weeks, indicating strong investor interest and potential for further upside [4]. - FET has also experienced a price increase of 19.8% over the last four weeks, confirming that the upward trend is still intact [5]. - Currently, FET is trading at 101.1% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. Group 3: Fundamental Strength Indicators - FET holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. - Historically, Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, indicating a strong track record for this rating [7].

Core Viewpoint - Forum Energy Technologies (FET) shares experienced a 5.4% increase, closing at $47.98, attributed to higher trading volume and a 15.2% gain over the past four weeks [1][2]. Group 1: Company Position and Market Demand - FET is well-positioned as a global supplier of energy equipment and services for the upstream oil and gas industry, as well as the industrial and renewable energy sectors, driven by rising global demand for oil and natural gas [2]. - Factors such as strong global GDP growth, ongoing urbanization, and increasing power requirements from AI data centers are contributing to higher energy demand [2]. Group 2: Future Expectations - The company anticipates U.S. LNG exports to nearly double by 2028, with global exploration and production companies needing to offset a decline of nearly 29 million barrels per day from existing fields while adding approximately 6 million barrels per day of new output by 2030 [3]. - FET expects rig counts to return to around 2023 peak levels, with service-intensity gains projected at about 7% annually [3]. Group 3: Financial Performance - FET is expected to report quarterly earnings of $0.36 per share, reflecting a year-over-year increase of 175%, while revenues are projected to be $190.5 million, a decrease of 5.2% from the previous year [4]. - The consensus EPS estimate for FET has remained unchanged over the last 30 days, indicating that stock price movements may be influenced by trends in earnings estimate revisions [6]. Group 4: Industry Context - FET holds a Zacks Rank of 1 (Strong Buy) and is part of the Zacks Oil and Gas - Mechanical and Equipment industry [7]. - In comparison, North American Construction (NOA), another stock in the same industry, saw a 4.6% increase, but has a Zacks Rank of 5 (Strong Sell) with a significant EPS estimate change of -29.5% over the past month [7][8].

Core Viewpoint - Forum Energy Technologies, Inc. has amended its senior secured asset-based lending credit facility to strengthen its balance sheet and enhance financial flexibility for strategic initiatives [2] Group 1: Credit Facility Details - The total commitments of the Credit Facility have been set at $250 million, providing significant flexibility for funding long-term debt retirement, organic investments, and acquisition opportunities [2] - The maturity of the Credit Facility has been extended to February 2031, subject to certain exceptions [2] - The total amount of letters of credit that may be issued has been increased to $110 million [2] - Interest rates on outstanding borrowings have been modified to an excess availability-based structure with improved pricing [2] Group 2: Company Overview - Forum Energy Technologies, Inc. is a global manufacturing company serving the oil, natural gas, defense, and renewable energy industries [3] - The company is headquartered in Houston, Texas, and focuses on providing value-added solutions to improve safety, efficiency, and environmental impact for its customers [3]

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum. Group 1: Investment Strategy - The "Recent Price Strength" screen is a unique short-term trading strategy that helps shortlist stocks with sufficient fundamental strength to maintain their recent uptrend [3] - This screening process focuses on stocks trading in the upper portion of their 52-week high-low range, indicating bullishness [3] Group 2: Company Analysis - Forum Energy Technologies (FET) - Forum Energy Technologies (FET) has shown a solid price increase of 56.9% over the past 12 weeks, indicating strong investor interest [4] - FET has maintained a price increase of 22% over the last four weeks, suggesting that the upward trend is still intact [5] - The stock is currently trading at 96.4% of its 52-week high-low range, indicating a potential breakout [6] Group 3: Fundamental Strength - FET holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [6] - The Average Broker Recommendation for FET is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] Group 4: Additional Insights - The article suggests that FET's price trend is unlikely to reverse soon, and encourages consideration of other stocks that meet the "Recent Price Strength" criteria [8] - The Zacks Rank stock-rating system has a strong historical performance, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]