Forum Energy Technologies(US:FET) Newsfileยท2025-05-05 13:44Core Insights - Forum Energy Technologies, Inc. (FET) reported Q1 2025 financial results with revenue of $193.3 million, adjusted EBITDA of $20.1 million, and adjusted net income of $0.5 million, which were slightly below consensus estimates [1][7] Financial Performance - Revenue of $193.3 million was in line with expectations, while gross profit margin (GPM) was slightly below expectations [1] - Adjusted EBITDA margins were reported at 10.4%, which also fell short of expectations [1] - Adjusted net income of $0.5 million was below the anticipated $4.4 million [1] Cash Flow and Cost Management - FET generated approximately $7.0 million in free cash flow (FCF) in Q1 2025, marking the seventh consecutive quarter of positive cash flow results [7] - The company initiated actions to eliminate approximately $10 million in annualized costs [7] Segment Performance - Drilling and Completions revenue increased by approximately 4% sequentially to $116.0 million [7]