Forum Energy Technologies

Forum Energy Technologies posted Q1 fiscal 2026 revenue of $209 million and net income of $4 million ($0.39 per diluted share); adjusted net income was $6 million ($0.47). Orders reached $221 million with a book-to-bill of 106% and adjusted EBITDA was $23 million. Revenue and adjusted EBITDA rose 8% and 14% year-over-year, and backlog increased 44% versus Q1 2025. Management said the Middle East conflict has had minimal financial impact and expects higher commodity prices and elevated upstream spending to support future demand. » Więcej na finance.yahoo.com

At the annual meeting Evelyn M. Angelle, John A. Carrig and Neal A. Lux were elected as Class II directors for three‑year terms. Shareholders also approved executive compensation on an advisory basis, ratified Deloitte & Touche as auditors and voted to increase the 2016 stock and incentive plan by 625,000 shares. Forum Energy Technologies also reported strong Q1 results with EPS of $0.47 (expected $0.42) and revenue of $208.7 million (expected $198.4 million). » Więcej na de.investing.com

Forum Energy Technologies reported Q1 2026 EPS of $0.47 (11.9% above analysts' estimate) and revenue of $208.7 million (5.2% above expectations). Adjusted EBITDA rose 14% year-on-year; international business topped U.S. sales for the third consecutive quarter. Offshore and subsea segments drove the growth, and supply-chain disruptions in the Middle East were managed, management said. The stock rose 1.8% in premarket trading; the company reaffirmed its 2026 guidance and expects Q2 EPS of $0.46. » Więcej na de.investing.com

Forum Energy Technologies presented a market expansion strategy aiming to increase revenue to up to $1.6 billion by 2030 (base target $1.0 billion without market expansion). The company has reduced debt by 69%, is targeting $840 million in revenue and $100 million in adjusted EBITDA for 2026, and expects free cash flow of around $65 million for 2025. Forum plans to expand market share in core and growth segments, pursues a conservative, technology-focused approach to acquisitions, and sees short-term operational risks from the Middle East conflict but expects higher demand in the long term. » Więcej na de.investing.com

Forum Energy Technologies outlined targets to increase revenue to USD 1.0–1.6 billion by 2030 (USD 1.0 billion in a stagnant market or USD 1.6 billion in a growth market) and to quadruple EBITDA by then. For mid-2026 the company expects revenue of about USD 840 million and EBITDA of around USD 100 million; 25–35% of the incremental revenue is expected to flow through to EBITDA. Debt was reduced by 69% through the end of 2025 (net leverage from 3.9 to 1.2), 1.4 million shares were repurchased and buybacks of up to USD 30 million are planned for 2026. A record backlog (USD 312 million) and a book-to-bill ratio of 113% underpin operational strength, while geopolitical risks present short-term challenges but long-term opportunities. » Więcej na de.investing.com