Forum Energy Technologies Inc

Forum Energy Technologies Inc

FET · NYSE · Energy / Oil & Gas Equipment & Services

76.87USD+0.05 (+0.07%)

Price History

Full chart

Market Stats

Previous Close76.82
Open77.47
Day Range75.04 – 77.47
52-Week Range25.07 – 87.42
Volume122.64K
Market Cap950.28M
P/E (TTM)0.00
Forward P/E15.06
EPS-0.07
Dividend Yield0.00%
Beta0.59
50-Day Avg74.16
200-Day Avg56.81

About

Forum Energy Technologies, Inc. designs, manufactures, and supplies products serving the oil, natural gas, defense, and renewable energy industries in the United States and internationally. It operates through two segments, Drilling and Completions; and Artificial Lift and Downhole. The Drilling and Completions segment designs, manufactures, and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation, and intervention markets, including applications in oil and natural gas, renewable energy, defense, and communications industries. This segment also offers drilling capital equipment and consumable products; subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tooling, and technical services; hydraulic fracturing pumps, cooling systems, and high-pressure flexible hoses and flow iron; wireline cable and pressure control equipment; and coiled tubing strings and pressure control equipment, as well as coiled line pipe and related services. The Artificial Lift and Downhole Segment designs, manufactures, and supplies products and solutions for the artificial lift, well construction, production, and infrastructure markets. This segment also offers products designed to safeguard artificial lift equipment and downhole cables; well construction casing and cementing equipment; customized downhole technology solutions, which provides sand and flow control products for heavy oil applications; engineered process systems, production equipment, and separation equipment; and a range of industrial valves. It sells its products through distributors to drilling rig contractors, offshore service companies, governmental organizations, and oil and gas operators and producers. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.

Company Details

  • SectorEnergy
  • IndustryOil & Gas Equipment & Services
  • CEOMr. Neal A. Lux
  • Employees1.70K
  • Headquarters10344 Sam Houston Park Drive, Houston, TX, United States, 77064, USA
  • Websitehttps://f-e-t.com

Leadership

  • Mr. Neal A. LuxPresident, CEO & Director · b. 1975
  • Mr. David Lyle Williams Jr.Executive VP & CFO · b. 1970
  • Mr. John C. Ivascu J.D.Executive VP, General Counsel, Chief Compliance Officer & Corporate Secretary · b. 1978
  • Mr. Rob KuklaDirector of Investor Relations
  • Mr. Michael D. DanfordSenior VP & Chief Human Resources Officer · b. 1963
  • Mr. Steven PoundsSenior Vice President of Operations · b. 1973
  • Mr. Mark BrookesSenior Vice President of Operations · b. 1976
  • Mr. Tylar K. SchmittVP of Finance & Treasurer · b. 1973

Financials

Income Statement

Currency: USD2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue677.38M747.34M1.13B1.41B1.52B1.74B1.07B587.60M818.60M1.06B956.53M512.50M541.10M699.91M738.86M816.42M791.47M
Growth (%)-+10.33%+50.95%+25.42%+7.77%+14.09%-38.28%-45.27%+39.31%+30.00%-10.12%-46.42%+5.58%+29.35%+5.57%+10.50%-3.06%
Cost of Revenue491.46M533.08M765.67M951.88M1.05B1.18B810.98M487.90M629.80M807.85M711.68M523.50M417.80M511.39M534.71M561.39M572.44M
Gross Profit185.91M214.26M362.46M463.02M475.21M559.43M262.73M99.70M188.80M256.37M244.85M-11.00M123.30M188.53M204.15M255.03M219.04M
Gross Margin27.45%28.67%32.13%32.72%31.17%32.16%24.47%16.97%23.06%24.09%25.60%-2.15%22.79%26.94%27.63%31.24%27.67%
Operating Expense135.71M140.98M201.85M222.12M265.61M291.44M376.43M228.70M330.40M653.37M781.00M220.60M168.90M171.20M183.44M341.80M199.91M
Operating Income50.21M73.28M160.61M240.90M209.60M268.00M-113.70M-129.00M-141.60M-397.00M-536.15M-231.60M-45.60M17.33M20.72M-86.77M19.13M
Operating Margin7.41%9.81%14.24%17.03%13.75%15.40%-10.59%-21.95%-17.30%-37.30%-56.05%-45.19%-8.43%2.48%2.80%-10.63%2.42%
EBITDA89.73M95.75M201.01M290.97M266.13M311.70M-38.70M-48.83M36.66M-282.71M-474.01M-28.50M-7.82M78.85M45.21M-43.22M68.65M
EBITDA Margin13.25%12.81%17.82%20.56%17.45%17.92%-3.60%-8.31%4.48%-26.57%-49.56%-5.56%-1.45%11.27%6.12%-5.29%8.67%
Net Income19.34M23.94M93.34M151.40M129.60M174.30M-119.40M-82.00M-57.10M-374.08M-567.06M-96.90M-82.70M3.71M-18.88M-135.33M-9.66M
Net Income Margin2.85%3.20%8.27%10.70%8.50%10.02%-11.12%-13.96%-6.98%-35.15%-59.28%-18.91%-15.28%0.53%-2.55%-16.58%-1.22%
R&D---0000000-------
R&D as % of Total Revenue---0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense19.45M18.19M19.53M16.40M18.30M29.90M29.90M27.40M26.80M32.53M31.62M30.27M32.01M31.52M18.30M31.49M18.31M
Interest Expense % of Total Revenue2.87%2.43%1.73%1.16%1.20%1.72%2.78%4.66%3.27%3.06%3.31%5.91%5.92%4.50%2.48%3.86%2.31%

Balance Sheet

Currency: USD2008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets-840.23M818.33M1.61B1.89B2.18B2.22B1.92B1.84B2.20B1.83B1.16B889.93M791.34M834.76M821.06M815.95M752.46M
Total Liabilities-437.86M355.25M952.18M730.80M853.50M821.90M661.10M602.20M788.50M799.53M673.96M483.69M462.21M527.72M408.43M496.05M461.31M
Total Equity-401.93M462.52M654.49M1.16B1.33B1.40B1.26B1.24B1.41B1.03B486.04M406.24M329.13M307.04M412.63M319.90M291.14M
Cash-26.89M20.35M20.55M41.10M39.60M76.60M109.20M234.40M115.20M47.24M57.91M128.62M46.86M51.03M46.16M44.66M34.66M
Total Debt-271.88M207.92M665.55M420.70M513.10M428.81M396.32M396.85M508.00M518.71M449.52M339.23M267.98M304.54M201.40M272.59M219.88M
Net Debt-244.98M187.58M645.01M379.60M473.50M352.20M287.10M162.40M392.80M471.47M391.61M210.61M221.12M253.51M155.24M227.93M185.22M

Cash Flow

Currency: USD2009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow107.75M65.98M39.27M145.00M211.40M270.00M154.80M64.30M-40.00M2.41M104.10M3.88M-15.80M-17.05M8.18M92.19M70.40M
Investing Cash Flow-10.91M-19.22M-550.11M-184.50M-289.00M-70.70M-90.30M-10.70M-188.00M-75.41M28.10M108.25M10.70M27.14M-6.57M-137.53M9.57M
Financing Cash Flow-94.53M-54.27M510.15M58.70M77.00M-162.00M-26.90M86.20M100.60M6.52M-122.20M-41.77M-76.20M-5.08M-7.58M45.24M-91.57M
Capital Expenditure15.28M19.89M41.32M49.70M60.30M53.80M31.30M6.60M24.70M24.04M15.10M2.25M2.40M7.49M7.94M8.14M6.01M
Free Cash Flow92.47M46.09M-2.04M95.30M151.10M216.20M123.50M57.70M-64.70M-21.64M89.00M1.64M-18.20M-24.55M239.00K84.05M64.39M
Dividends Paid8.21M323.92M520.35M203.36M807.16M4.30M89.72M92.00K107.40M--------
FCF to OCF85.82%69.86%-5.20%65.72%71.48%80.07%79.78%89.74%161.75%-898.88%85.49%42.16%115.19%143.93%2.92%91.17%91.46%
Dividend Paid to FCF8.88%702.71%-25457.29%213.39%534.19%1.99%72.65%0.16%-166.00%--------

Earnings

Report DateMay 30, 2012Jul 26, 2012Oct 29, 2012Feb 14, 2013Apr 25, 2013Jul 25, 2013Oct 24, 2013Feb 6, 2014Apr 24, 2014Jul 24, 2014Oct 23, 2014Feb 11, 2015Apr 23, 2015Jul 23, 2015Oct 22, 2015Feb 11, 2016Apr 28, 2016Jul 28, 2016Oct 27, 2016Feb 9, 2017Apr 27, 2017Jul 27, 2017Oct 30, 2017Feb 8, 2018May 1, 2018Jul 30, 2018Oct 29, 2018Feb 7, 2019Apr 25, 2019Jul 25, 2019Oct 24, 2019Feb 12, 2020May 8, 2020Aug 6, 2020Nov 6, 2020Feb 23, 2021May 7, 2021Aug 6, 2021Nov 4, 2021Feb 28, 2022May 5, 2022Aug 4, 2022Nov 9, 2022Feb 20, 2023May 4, 2023Aug 3, 2023Nov 2, 2023Feb 29, 2024May 2, 2024Aug 1, 2024Oct 31, 2024Feb 20, 2025Apr 7, 2025Aug 7, 2025Oct 30, 2025Feb 19, 2026Apr 30, 2026Jul 30, 2026Oct 29, 2026
EPS Estimate-9.418.545.506.836.948.347.877.698.459.439.855.563.431.82-1.19-4.06-5.27-3.86-3.46-3.09-2.17-2.00-0.58-1.08-0.300.34-0.64-1.34-1.03-1.06-1.75-2.48-5.97-5.70-5.20-2.28-1.75-1.33-0.80-2.00-0.50-0.80-0.80-0.80-0.80-0.80-0.800.400.040.06-0.050.270.150.190.360.190.571.22
EPS Actual11.379.808.805.206.806.808.807.808.008.4910.409.606.003.201.40-2.40-4.40-3.80-3.80-3.20-2.80-2.00-2.00-0.80-1.40-0.200.601.60-0.80-1.600.40-1.80-4.00-5.80-6.00-4.80-5.28-3.87-2.05-3.46-2.00-0.73-3.46-3.46-3.46-3.46-3.46-3.46-0.12-0.07-0.19-0.480.04-0.100.270.410.471.16-
Surprise-4.14%3.04%-5.45%-0.44%-2.02%5.52%-0.89%4.03%0.47%10.29%-2.54%7.91%-6.71%-23.08%-101.68%-8.37%27.89%1.55%7.51%9.39%7.83%0.00%-37.93%-29.63%33.33%76.47%350.00%40.30%-55.34%137.74%-2.86%-61.29%2.85%-5.26%7.69%-131.58%-121.14%-54.14%-332.50%0.00%-46.00%-332.50%-332.50%-332.50%-332.50%-332.50%-332.50%-130.00%-275.00%-416.67%-860.00%-84.91%-166.67%42.11%13.89%147.37%103.51%-
Timing-After-hoursAfter-hours-After-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours

Key Statistics & Ratios

Market Cap950.28M
Enterprise Value1.14B
Trailing P/E0.00
Forward P/E15.06
PEG Ratio1.88
Price / Sales1.12
Price / Book3.27
EPS-0.07
Book Value25.73
Revenue (TTM)833.35M
Gross Profit (TTM)233.66M
EBITDA65.09M
Profit Margin-0.19%
Operating Margin9.32%
Return on Equity-0.51%
Return on Assets2.69%
Shares Outstanding11.47M
Shares Float9.92M
Beta0.59
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Ownership Breakdown

Institutions
86.52%
Insiders
6.97%
Retail / Other
6.51%

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Stock Splits

  • Nov 10, 20201:20