Forum Energy Technologies Stock News

Forum Energy Technologies, Inc. (FET) CEO Neal Lux on Q4 2021 Results - Earnings Call Transcript

HOUSTON (AP) _ Forum Energy Technologies Inc. (FET) on Monday reported a loss of $19.6 million in its fourth quarter. On a per-share basis, the Houston-based company said it had a loss of $3.46. Losses, adjusted for non-recurring costs, were $2.23 per share. The provider of manufactured technologies and applied products in the energy sector posted revenue of $148.1 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FET at https://www.zacks.com/ap/FET

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2021 revenue of $148 million, an increase of $7 million from the third quarter 2021. Orders received in the quarter were $160 million. Net loss for the quarter was $20 million, or $3.46 per diluted share, compared to a net loss of $12 million, or $2.05 per diluted share, for the third quarter 2021. Excluding $7 million, or $1.23 per share of special items, adjusted net loss was $2.23 per diluted

Forum Energy Technologies (FET) -3.8% pre-market after warning that Q4 EBITDA will come in below previous company guidance, hurt by supply chain disruptions which caused deferred

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that fourth quarter 2021 operating results are expected to be below previously provided guidance levels. Results in the fourth quarter were negatively affected by further supply chain disruptions, which caused both revenue to be deferred and costs to increase. In addition, the company incurred excess logistics and freight costs in an effort to mitigate these supply chain disruptions. Also, medical benefit cost

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that fourth quarter 2021 operating results are expected to be below previously provided guidance levels. Results i

In Q3, FET's Drilling & Downhole book-to-bill ratio reached 1.3x, which indicates strong revenue visibility and outlook. In the medium to long term, the company is re-strategizing on the international

State Street Corp purchased a new stake in shares of Forum Energy Technologies, Inc. (NYSE:FET) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 14,974 shares of the oil and gas companys stock, valued at approximately $352,000. Other large investors have also recently modified their holdings of the company. BlackRock Inc. lifted its holdings []

(RTTNews) - Forum Energy Technologies, Inc. (FET) announced Monday that as part of the company''s executive management succession planning process, its Board of Directors appointed Neal Lux as President and Chief Executive Officer, effective February 18, 2022. Lux currently serves as Executive Vice President and Chief Operating Officer.

Forum Energy Technologies, Inc. (FET) CEO Chris Gaut on Q3 2021 Results - Earnings Call Transcript

Forum Energy (FET) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its third quarter 2021 earnings conference call at 10:00 AM CDT on Friday, November 5, 2021. For

Forum Energy (FET) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions could translate into further price increase i