First Quarter and Full Year 2024 Guidance
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HOUSTON, TX / ACCESSWIRE / November 18, 2024 / Forum Energy Technologies, Inc. (NYSE:FET), a global manufacturing company, serving the oil, natural gas, industrial and renewable energy industries, will present at the Virtual Investor Summit Microcap Event. The company will be available for 1-on-1 meetings throughout the day in addition to their presentation.Event: Q4 Investor SummitPresentation Time: 11:30 AM - 12:00 PM ETLocation: https://www.webcaster4.com/Webcast/Page/3075/51632The theme is 40 micro-cap companies with a catalyst and/or strong performance in the current market.Take a deep dive with the best Investors in MicroCapLive Q & AComplimentary to Qualified Investors. Please REGISTE
Forum Energy Technologies, Inc. (NYSE:FET) ("FET") announced today that it closed its offering of USD $100.0 million aggregate principal amount of 10.5% senior secured bonds (the "Offering") on November 8, 2024. The bonds will mature in November 2029 and were issued at par. Net proceeds from the Offering, together with cash on hand, were used to repay all borrowings outstanding under the seller term loan issued in connection with the acquisition of Variperm Energy Services and were also used to redeem in full all outstanding 9.000% Convertible Senior Secured Notes due 2025 (the "2025 Notes"). FET discharged its obligations under the 2025 Notes indenture, and they will be redeemed on Decembe
Revenue: $208 million, a 16% year-over-year increase Orders: $206 million and book-to-bill of 99% Net loss: $15 million, or $1.20 per diluted share Adjusted EBITDA: $26 million, up 55% year-over-year Operating cash flow and free cash flow: $26 million and $25 million, respectively Raises 2024 full year free cash flow guidance: $60 to $70 million Forum Energy Technologies, Inc. (NYSE:FET) today announced third quarter 2024 revenue of $208 million, a 1% sequential increase. Orders increased 14% sequentially to $206 million, with a book-to-bill ratio of 99%. The third quarter 2024 net loss was $15 million, or $1.20 per diluted share, compared to a second quarter net loss of $7 mil
4 - FORUM ENERGY TECHNOLOGIES, INC. (0001401257) (Issuer)
4 - FORUM ENERGY TECHNOLOGIES, INC. (0001401257) (Issuer)
4 - FORUM ENERGY TECHNOLOGIES, INC. (0001401257) (Issuer)
8-K - FORUM ENERGY TECHNOLOGIES, INC. (0001401257) (Filer)
10-Q - FORUM ENERGY TECHNOLOGIES, INC. (0001401257) (Filer)
8-K - FORUM ENERGY TECHNOLOGIES, INC. (0001401257) (Filer)
SC 13G/A - FORUM ENERGY TECHNOLOGIES, INC. (0001401257) (Subject)
SC 13G/A - FORUM ENERGY TECHNOLOGIES, INC. (0001401257) (Subject)
SC 13G/A - FORUM ENERGY TECHNOLOGIES, INC. (0001401257) (Subject)
4 - FORUM ENERGY TECHNOLOGIES, INC. (0001401257) (Issuer)
Forum Energy Technologies, Inc. (NYSE:FET) announced today that it will host its third quarter 2024 earnings conference call at 10:00 a.m. Central Time on Friday, November 1, 2024. FET will issue a press release reporting its third quarter 2024 earnings prior to the conference call. The call will be webcast through the Investor Relations link on FET's website at ir.f-e-t.com. Participants who want to ask a question during the call should register on FET's Investor Relations website page or click here to receive the dial-in numbers and a unique PIN. Participants are encouraged to join the call approximately ten minutes prior to the start time. A replay of the call will be available on the
Forum Energy Technologies, Inc. (NYSE:FET) announced today that it will host its second quarter 2024 earnings conference call at 10:00 a.m. Central Time on Friday, August 2, 2024. FET will issue a press release reporting its second quarter 2024 earnings prior to the conference call. The call will be webcast through the Investor Relations link on FET's website at ir.f-e-t.com. Participants who want to ask a question during the call should register on FET's Investor Relations website page or click here to receive the dial-in numbers and a unique PIN. Participants are encouraged to join the call approximately ten minutes prior to the start time. A replay of the call will be available on th
Forum Energy Technologies, Inc. (NYSE:FET) announced today that it will host its first quarter 2024 earnings conference call at 10:00 a.m. Central Time on Friday, May 3, 2024. FET will issue a press release reporting its first quarter 2024 earnings prior to the conference call. The call will be webcast through the Investor Relations link on FET's website at ir.f-e-t.com. Participants who want to ask a question during the call should register on FET's Investor Relations website page or click here to receive the dial-in numbers and a unique PIN. Participants are encouraged to join the call approximately ten minutes prior to the start time. A replay of the call will be available on the Inv
Forum Energy Technologies, Inc. (NYSE:FET) today announced the appointment of Ms. Leslie Beyer to its board of directors. Ms. Beyer will also serve as a member of the Nominating, Governance and Sustainability Committee. Ms. Beyer is the former Chief Executive Officer of the Energy Workforce and Technology Council (EWTC), the global energy technology and services association representing over 650,000 employees in the energy workforce. Before joining the EWTC, Ms. Beyer spent 15 years in Washington, DC serving in the U.S. Senate, U.S. State Department, and White House Executive Office of the President. Ms. Beyer has led collaborative efforts across the energy industry and received numerous
Forum Energy Technologies, Inc. (NYSE:FET) today announced that as part of the company's executive management succession planning process, its Board of Directors appointed Mr. Neal Lux as President and Chief Executive Officer, effective February 18, 2022. Mr. Lux currently serves as Executive Vice President and Chief Operating Officer. Mr. C. Christopher Gaut, the current Chairman, President and Chief Executive Officer, will become Executive Chairman at that time. The Board has also appointed Mr. Lux as a Class II director, effective February 18, 2022. Cris Gaut commented, "It has been an honor to lead FET since its inception. I was pleased to recommend Neal's appointment to the Board of D
Forum Energy Technologies, Inc. (NYSE:FET) today announced the appointment of Mr. Paul E. Rowsey III to its Board of Directors. Mr. Rowsey will also serve as a member of the Compensation Committee. In connection with Mr. Rowsey's appointment, the Board increased its size to nine directors. Mr. Rowsey is the former Executive Chairman of the Board of JLB Partners, a national developer, builder and manager of Class A multi-family assets in select markets in the United States. He previously served as Non-Executive Chairman of Valaris plc, a publicly traded offshore drilling contractor, and its predecessor, Ensco plc. Mr. Rowsey was formerly the Chief Executive Officer of Compatriot Capital, an
Artificial Intelligence (AI)-related cryptocurrencies were among the market's biggest weekly gainers, seemingly riding high on the rally of AI giant NVIDIA Corp. (NASDAQ:NVDA). What Happened: Fetch.ai (CRYPTO: FET), SingularityNET (CRYPTO: AGIX), and Ocean Protocol (CRYPTO: OCEAN) are up 8.24%, 8.39%, and 5.21% respectively over the week, outperforming market-heavyweights Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). For the majority of the month, both coins followed a downward trend. However, the rebound began last week, on June 18, when Nvidia eclipsed Big Tech as the world’s most valuable company. Interestingly, shares of the company have fallen 6.6% since the milestone, and
India’s Financial Intelligence Unit (FIU) has levied a fine of 188.2 million rupees ($2.25 million) on Binance, the world’s largest cryptocurrency exchange, for violating local anti-money laundering regulations. What Happened: The Indian government mandates that virtual digital asset service providers, including crypto exchanges, must register with the FIU as reporting entities and adhere to its stringent anti-money laundering policies. Benzinga has reached out to Binance for a comment. In an effort to resume operations in India, Binance registered with the FIU in May, following the watchdog’s issuance of show-cause notices to nine offshore exchanges that were found to be operating
Roger Stone, a long-time friend and former political advisor to Donald Trump, has officially denied any involvement of the former president or his son, Barron, in the (CRYPTO: DJT) Solana (CRYPTO: SOL) meme coin, which has recently stirred significant attention. What Happened: The DJT meme coin, launched just a month ago, had been rumored to be an official project endorsed by Trump. These rumors, although baseless, propelled the coin’s market cap to over $300 million at its peak. It was later revealed that the token was actually created by Martin Shkreli, who claimed collaboration with 18-year-old Barron Trump. .@realDonaldTrump and son Barron NOT involved in any way with $DJT h