UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-35504 FORUM ENERGY TECHNOLOGIES, INC. (Ex ...

Forum Energy Technologies, Inc. (NYSE:FET) Q2 Earnings Conference Call August 5, 2022 11:00 AM ET Company Participants Lyle Williams - CFO Neal Lux - President and CEO Conference Call Participants John Daniel - Daniel Energy Partners Daniel Pickering - Pickering Energy Partners Peter Ehret - ERS Operator Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies Second Quarter 2022 Earnings Conference Call. My name is Lilia, and I will be your coordinator for today’s call. [Operator In ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-35504 FORUM ENERGY TECHNOLOGIES, INC. (Exact n ...

Financial Data and Key Metrics Changes - Revenues for Q1 2022 were $155 million, falling within the guided range, while EBITDA was $9 million, exceeding guidance by $2 million [20] - Sequentially, revenue and EBITDA grew by $7 million and $5 million respectively, representing a 68% incremental EBITDA margin [20][21] - The company experienced a 3% increase in bookings, marking the sixth consecutive quarter of backlog growth [19] Business Line Data and Key Metrics Changes - The Drilling & Downhole segment generated $71 million in revenue, accounting for approximately 46% of total revenues, with a 7% sequential increase and a 46% year-over-year increase [22] - The Completions segment revenue was $53 million, with growth constrained by supply chain delays, while segment EBITDA remained flat at $5 million [26] - The Production segment saw a slight improvement with revenue and EBITDA each increasing by $1 million, driven by the valve product line [27] Market Data and Key Metrics Changes - Orders in the Drilling & Downhole segment grew by 17%, outpacing the 8% growth in global rig count, indicating strong demand particularly in international markets [23] - The company noted a decrease in orders for the Production segment, down $6 million, but highlighted a 21% increase in valve product line orders [28] Company Strategy and Development Direction - The company is positioned to benefit from a prolonged energy investment cycle, with strong fundamentals in the oil and gas sector and a focus on innovative products for energy production [7][15] - There is a strategic emphasis on low carbon energy growth, particularly in offshore wind, leveraging core competencies in subsea technology [14][15] - The company aims to mitigate inflationary pressures and expects to see net price increases flow through the income statement, enhancing margins [16][21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering a new energy investment cycle, with expectations for outsized earnings growth and improved balance sheet health [18] - The company anticipates second quarter revenue to increase to between $160 million and $170 million, with adjusted EBITDA between $11 million and $14 million [31] - Concerns remain regarding supply chain challenges, particularly due to recent lockdowns in China, but management is taking steps to mitigate these risks [34][44] Other Important Information - The company ended the quarter with total cash of $21 million and liquidity of $162 million, with cash balances decreasing primarily due to net working capital growth [32] - Special items in the first quarter included $6 million in foreign exchange gains and $4 million in restructuring costs [30] Q&A Session Summary Question: What were the upsides for the quarter compared to expectations? - Management noted broad improvements across product lines, particularly in drilling and downhole products [39] Question: Will drilling continue to lead growth in Q2? - Management indicated that while drilling will continue to grow, the Completions segment also showed strong momentum [40] Question: Is the production business expected to turn positive EBITDA? - Management expressed optimism for improved performance in the production segment due to international shipments and restructuring efforts [42] Question: How are supply chain issues factored into guidance? - Management confirmed that supply chain challenges have been incorporated into their Q2 and full-year EBITDA guidance [43] Question: Is there an appetite for consolidation in the industry? - Management acknowledged a growing interest in consolidation, particularly for small deals, and emphasized their position as a potential consolidator [52][57]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 10-K ____________________________________ ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-35504 FORUM ENERGY TECHNOLOGIES ...

Forum Energy Technologies, Inc. (NYSE:FET) Q4 2021 Results Conference Call March 1, 2022 11:00 AM ET Company Participants Lyle Williams - Chief Financial Officer Neal Lux - President & Chief Executive Officer Operator Good morning, ladies and gentlemen and welcome to the Forum Energy Technologies Fourth Quarter 2021 Earnings Conference Call. My name is Liz, and I will be your coordinator for today's call. [Operator Instructions] As a reminder, this conference call is being recorded for replay purposes. I w ...

Forum Energy Technologies, Inc. (NYSE:FET) Q3 2021 Earnings Conference Call November 5, 2021 11:00 AM ET Company Participants Lyle Williams - Chief Financial Officer Chris Gaut - Chairman and Chief Executive Officer Neal Lux - Chief Operating Officer Conference Call Participants Ian MacPherson - Piper Sandler Dan Pickering - Pickering Energy Partners Operator Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies Third Quarter 2021 Earnings Conference Call. My name is Annie and I w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ___________________________________ FORM 10-Q ___________________________________ ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-35504 FORUM ENERGY TECHNOLOGIES, INC. (Ex ...

Forum Energy Technologies, Inc. (NYSE:FET) Q2 2021 Earnings Conference Call August 6, 2021 11:00 AM ET Company Participants Lyle Williams – Chief Financial Officer Chris Gaut – Chairman and Chief Executive Officer Neal Lux – Chief Operating Officer Conference Call Participants Dan Pickering – Pickering Energy Peter Merrett – ERS Operator Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies' Second Quarter 2021 Earnings Conference Call. My name is Carmen and I will be your coordin ...

Forum Energy Technologies, Inc. (NYSE:FET) Q1 2021 Earnings Conference Call May 7, 2021 11:00 AM ET Company Participants Lyle Williams – Chief Financial Officer Chris Gaut – Chairman and Chief Executive Officer Neal Lux – Chief Operating Officer Conference Call Participants Dan Pickering – Pickering Energy Operator Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies First Quarter 2021 Earnings Conference Call. My name is Stephanie, and I will be your coordinator for today's call ...