FORUM ENERGY TECHNOLOGIES, INC. 8K

Forum Energy Technologies announced strong Q2 2026 results and raised its third quarter and full year 2026 guidance, supported by higher revenue, earnings, and orders, along with share repurchases and lower leverage.

Forum Energy Technologies, Inc. reported strong second quarter 2026 results, with orders of $236 million (book-to-bill 1.04x), revenue of $226 million (up 8% sequentially), net income of $12 million ($1.05 diluted EPS), adjusted net income of $14 million ($1.16 adjusted diluted EPS), and adjusted EBITDA of $32 million (up 39% sequentially), supported by growth in both Drilling and Completions and Artificial Lift and Downhole segments. Management highlighted market share gains, margin expansion, improved free cash flow that enabled $8 million of share repurchases in the first half of 2026, and reduced net leverage to 1.1x, and consequently raised guidance for third quarter and full year 2026 across revenue, adjusted EBITDA, adjusted net income, and free cash flow. The company provided detailed segment performance, updated financial outlook ranges, and reconciliations of GAAP to non-GAAP metrics, and announced an earnings conference call to discuss the results and outlook.

Filing Facts

CIK

1401257

Ticker

-

Form

8K

Source Type

sec

Accession

0001401257-26-000049

Alert Tier

7