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Forum Energy Technologies (FET) is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company’s products include highly engineered capital equipment as well as products that are consumed in the drilling, well construction, production and transportation of oil and natural gas. Forum is headquartered in Houston, TX with manufacturing and distribution facilities strategically located around the globe.
August 21, 2019
Forum Energy Technologies, Inc. (NYSE: FET) announced today that its subsidiaries have entered into a definitive agreement to sell their aggregate 40% interest in Ashtead Technology, a subsea rentals company. Total consideration for Forum’s interest and the settlement of a Forum GBP 3 million loan to Ashtead will be $47.8 million…
July 25, 2019
Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2019 revenue of $246 million, a decrease of $26 million from the first quarter 2019. Net loss for the quarter was $14 million, or $0.12 per diluted share, compared to net loss of $8 million, or $0.07 per diluted share, for the first quarter 2019. Excluding $5 million, or $0.04 per share of special items, adjusted net loss was $0.08 per diluted share in the second quarter 2019 compared to adjusted net loss of $0.04 per diluted share in the first quarter 2019…
July 2, 2019
Forum Energy Technologies Announces Timing of Second Quarter 2019 Earnings Release and Conference Call
Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2019 earnings conference call at 9:00 AM CDT on Friday, July 26, 2019. Forum will issue a press release regarding its second quarter 2019 earnings prior to the conference call…
FET (Common Stock)-2.52%
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