Earnings ·
Reports Q3 net income of $11M and raises full-year revenue guidance to $900-$920M
FETForum Energy Technologies, Inc.
Forum Energy Technologies reported third-quarter 2026 results with revenue of $237 million, up 5% sequentially, and adjusted EBITDA of $36 million, a 14% increase. The company generated $30 million in free cash flow and reduced its net leverage ratio to 0.9 times. Management raised full-year 2026 revenue guidance to a range of $900–$920 million and adjusted EBITDA guidance to $123–$129 million, citing strong demand and execution of its strategic plan. The company also announced the acquisition of Premiere Torque Rings to expand its addressable market. Forum Energy Technologies is a global manufacturing company providing equipment and solutions for the oil, natural gas, defense, and renewable energy industries.