Recent Updates — FET

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.

Forum Energy Technologies reported second quarter 2026 results with revenue of $226 million, an 8% sequential increase. Net income rose 176% to $12 million ($1.05 per diluted share), while adjusted net income increased 148% to $14 million ($1.16 per diluted share). Adjusted EBITDA grew 39% sequentially to $32 million, and the company repurchased $8 million of stock in the first half of 2026. The firm raised its full year 2026 guidance for revenue to $870-$910 million, adjusted EBITDA to $115-$125 million, and adjusted net income to $42-$52 million. Forum Energy Technologies manufactures equipment and consumables for the oil and natural gas industry.