Forum Energy Technologies Files 8-K on Financials
Ticker: FET · Form: 8-K · Filed: Oct 31, 2024 · CIK: 1401257
| Field | Detail |
|---|---|
| Company | Forum Energy Technologies, INC. (FET) |
| Form Type | 8-K |
| Filed Date | Oct 31, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, 8-k, oil-and-gas
TL;DR
FORUM files 8-K with Q3 financials, check it out.
AI Summary
Forum Energy Technologies, Inc. filed an 8-K on October 31, 2024, reporting on its results of operations and financial condition. The filing includes financial statements and exhibits related to the period ending October 31, 2024. The company, incorporated in Delaware, is involved in the oil and gas machinery and equipment sector.
Why It Matters
This 8-K filing provides crucial updates on Forum Energy Technologies' financial performance and operational status, which is essential for investors and stakeholders to assess the company's current health and future prospects.
Risk Assessment
Risk Level: low — This filing is a routine financial disclosure and does not contain information that inherently increases risk.
Key Players & Entities
- FORUM ENERGY TECHNOLOGIES, INC. (company) — Registrant
- October 31, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 3533 (industry_code) — Standard Industrial Classification for Oil & Gas Field Machinery & Equipment
- 10344 Sam Houston Park Drive, Suite 300, Houston, TX 77064 (address) — Principal Executive Offices
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose of this 8-K filing is to report on Forum Energy Technologies, Inc.'s results of operations and financial condition, and to provide financial statements and exhibits.
What is the exact date of the earliest event reported in this filing?
The date of the earliest event reported in this filing is October 31, 2024.
In which state is Forum Energy Technologies, Inc. incorporated?
Forum Energy Technologies, Inc. is incorporated in Delaware.
What is the Standard Industrial Classification code for the company's business?
The Standard Industrial Classification code for the company's business is 3533, which corresponds to Oil & Gas Field Machinery & Equipment.
What is the principal executive office address for Forum Energy Technologies, Inc.?
The principal executive office address for Forum Energy Technologies, Inc. is 10344 Sam Houston Park Drive, Suite 300, Houston, TX 77064.
Filing Stats: 817 words · 3 min read · ~3 pages · Grade level 13.1 · Accepted 2024-10-31 17:12:17
Key Financial Figures
- $0.01 — ch registered Common Stock, par value $0.01 per share FET NYSE Indicate by chec
Filing Documents
- fet-20241031.htm (8-K) — 31KB
- exhibit991-fetearningsrele.htm (EX-99.1) — 448KB
- fet_logoxfullxcolorxtmxpan.jpg (GRAPHIC) — 798KB
- 0001401257-24-000131.txt ( ) — 1706KB
- fet-20241031.xsd (EX-101.SCH) — 2KB
- fet-20241031_lab.xml (EX-101.LAB) — 22KB
- fet-20241031_pre.xml (EX-101.PRE) — 13KB
- fet-20241031_htm.xml (XML) — 3KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On October 31, 2024 , Forum Energy Technologies, Inc. (the " Company ") issued a press release announcing earnings for the quarter ended September 30, 2024. A copy of the release is furnished herewith as Exhibit 99.1 and incorporated herein by reference. Exhibit 99.1 to this report contains "non-GAAP financial measures" as defined in Item 10 of Regulation S-K of the Securities Exchange Act of 1934, as amended (the " Exchange Act "). The non-GAAP financial measures reflect earnings before interest, taxes, depreciation and amortization expense (" EBITDA "), adjusted EBITDA, adjusted operating income, adjusted net income, adjusted net income per diluted share (" Adjusted Diluted EPS "), book to bill ratio and free cash flow, before acquisitions (" free cash flow "). A reconciliation of EBITDA, adjusted EBITDA, adjusted operating income, adjusted net income, Adjusted Diluted EPS, book to bill ratio and free cash flow to the most directly comparable financial measures calculated and presented in accordance with Generally Accepted Accounting Principles in the United States (" GAAP ") is included as an attachment to the press release. The Company believes the presentation of EBITDA, adjusted EBITDA, adjusted operating income, adjusted net income, Adjusted Diluted EPS, book to bill ratio and free cash flow are useful to the Company's investors because (i) each of these financial metrics are useful to investors to assess and understand operating performance, especially when comparing those results with previous and subsequent periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of the Company's normal operating results and (ii) EBITDA is an appropriate measure of evaluating the Company's operating performance and liquidity that reflects the resources available for strategic opportunities including, among others, investing in the business, strengthe
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Exhibit Title or Description 99.1 Press Release dated October 31, 2024 . 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 31, 2024 FORUM ENERGY TECHNOLOGIES, INC. /s/ John C. Ivascu John C. Ivascu Executive Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary