Forum Energy Technologies, Inc. (FET) Income Statement Analysis

See more : Sunshine Capital Limited (SCL.BO) Income Statement Analysis – Financial Results

Complete financial analysis of Forum Energy Technologies, Inc. (FET) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Forum Energy Technologies, Inc., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.

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Forum Energy Technologies, Inc. (FET)

Industry: Oil & Gas Equipment & Services

Sector: Energy

Website: https://www.f-e-t.com

About Forum Energy Technologies, Inc.

Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling process; well construction casing and cementing equipment, and protection products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and complementary subsea technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping, hydraulic fracturing and flowback services markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe. The Production segment designs, manufactures, and supplies products, and provides related equipment and services for production and infrastructure markets. This segment offers engineered process systems, production equipment, specialty separation equipment, and various industrial valves for oil and natural gas customers, power generation, renewable energy, and other general industrial applications. 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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	738.86M	699.90M	541.10M	512.50M	956.50M	1.06B	818.60M	587.60M	1.07B	1.74B	1.52B	1.41B	1.13B	747.34M	677.38M
Cost of Revenue	534.71M	511.40M	417.80M	523.50M	711.60M	807.85M	629.80M	487.90M	810.98M	1.18B	1.05B	951.88M	765.67M	533.08M	491.46M
Gross Profit	204.15M	188.50M	123.30M	-11.00M	244.90M	256.37M	188.80M	99.70M	262.73M	559.44M	475.21M	463.02M	362.46M	214.26M	185.92M
Gross Profit Ratio	27.63%	26.93%	22.79%	-2.15%	25.60%	24.09%	23.06%	16.97%	24.47%	32.16%	31.17%	32.72%	32.13%	28.67%	27.45%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	0.00	0.00	0.00	0.00	0.00	286.98M	253.71M	227.01M	264.91M	312.82M	269.67M	225.27M	0.00	0.00	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	-13.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	180.39M	179.50M	168.90M	197.70M	251.70M	286.98M	253.70M	227.01M	264.91M	312.82M	269.67M	225.27M	202.48M	141.44M	128.56M
Other Expenses	0.00	0.00	0.00	-2.30M	4.60M	-1.49M	-3.17M	-3.00M	-5.54M	0.00	-2.10M	2.86M	202.48M	141.44M	128.56M
Operating Expenses	180.39M	179.50M	168.90M	197.70M	251.70M	286.98M	253.70M	718.40M	1.08B	1.50B	1.32B	1.17B	202.48M	141.44M	128.56M
Cost & Expenses	715.10M	690.90M	586.70M	721.20M	963.30M	1.09B	883.50M	718.40M	1.08B	1.50B	1.32B	1.17B	968.15M	674.52M	620.03M
Interest Income	0.00	31.53M	32.01M	32.53M	31.62M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	18.30M	31.50M	32.00M	30.30M	31.60M	32.53M	26.80M	27.40M	29.90M	29.90M	18.30M	16.40M	19.53M	18.19M	19.45M
Depreciation & Amortization	34.73M	36.98M	42.18M	51.00M	63.24M	74.51M	65.13M	61.76M	65.70M	65.10M	60.70M	51.80M	40.78M	33.22M	38.44M
EBITDA	45.21M	46.03M	-7.82M	-28.50M	-474.01M	-282.71M	36.66M	-48.83M	-38.69M	311.70M	266.14M	290.97M	201.01M	95.75M	89.73M
EBITDA Ratio	6.12%	6.59%	-0.63%	-30.77%	6.52%	4.14%	14.85%	-11.44%	7.18%	19.15%	17.73%	20.69%	17.80%	14.19%	14.14%
Operating Income	23.76M	9.00M	-45.60M	-231.60M	-900.00K	-397.00M	-141.60M	-129.00M	-113.70M	268.00M	209.60M	240.90M	160.61M	73.28M	50.21M
Operating Income Ratio	3.22%	1.29%	-8.43%	-45.19%	-0.09%	-37.30%	-17.30%	-21.95%	-10.59%	15.40%	13.75%	17.03%	14.24%	9.81%	7.41%
Total Other Income/Expenses	-31.58M	-6.98M	-36.46M	121.85M	-32.73M	7.24M	86.32M	-9.05M	-20.60M	-25.52M	-23.47M	-14.99M	-19.91M	-28.93M	-18.36M
Income Before Tax	-7.81M	10.30M	-82.00M	-109.80M	-568.90M	-389.75M	-55.20M	-138.10M	-134.30M	242.40M	186.10M	222.80M	140.70M	44.35M	31.84M
Income Before Tax Ratio	-1.06%	1.47%	-15.15%	-21.42%	-59.48%	-36.62%	-6.74%	-23.50%	-12.51%	13.93%	12.20%	15.75%	12.47%	5.93%	4.70%
Income Tax Expense	11.06M	6.60M	700.00K	-12.90M	-1.80M	-15.67M	1.90M	-56.10M	-14.90M	68.10M	56.50M	71.30M	47.11M	20.30M	11.01M
Net Income	-18.88M	3.71M	-82.70M	-96.90M	-567.10M	-374.08M	-57.10M	-82.00M	-119.40M	174.30M	129.60M	151.40M	93.34M	23.94M	19.34M
Net Income Ratio	-2.55%	0.53%	-15.28%	-18.91%	-59.29%	-35.15%	-6.98%	-13.96%	-11.12%	10.02%	8.50%	10.70%	8.27%	3.20%	2.85%
EPS	-1.85	0.65	-14.66	-17.37	-103.02	-68.80	-11.57	-18.00	-26.61	37.60	28.60	37.80	27.47	7.04	5.69
EPS Diluted	-1.85	0.62	-14.66	-17.37	-103.02	-68.78	-11.57	-17.98	-26.56	36.60	27.40	34.80	24.98	6.41	5.17
Weighted Avg Shares Out	10.21M	5.75M	5.64M	5.58M	5.51M	5.44M	4.93M	4.55M	4.49M	4.63M	4.54M	4.01M	3.40M	3.40M	3.40M
Weighted Avg Shares Out (Dil)	10.21M	5.95M	5.64M	5.58M	5.51M	5.44M	4.94M	4.56M	4.50M	4.77M	4.73M	4.35M	3.74M	3.74M	3.74M

Forum Energy Technologies Announces Timing of Second Quarter 2022 Earnings Release and Conference Call

July 20, 2022businesswire.com

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its second quarter 2022 earnings conference call at 10:00 AM CDT on Friday, August 5, 2022. Forum will issue a press release regarding its second quarter 2022...

Forum Energy Technologies Announces Timing of Second Quarter 2022 Earnings Release and Conference Call

July 20, 2022businesswire.com

Forum Energy Technologies' (FET) CEO Neal Lux on Q1 2022 Results - Earnings Call Transcript

May 6, 2022seekingalpha.com

Forum Energy Technologies, Inc. (NYSE:FET ) Q1 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Lyle Williams – Chief Financial Officer Neal Lux – President and Chief Executive Officer Conference Call Participants Dan Pickering – Pickering...

Forum Energy Technologies Announces First Quarter 2022 Results

May 5, 2022businesswire.com

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2022 revenue of $155 million, an increase of $7 million from the fourth quarter 2021. Net loss for the quarter was $9 million, or $1.62 per diluted share, compared...

Forum Energy Technologies Announces First Quarter 2022 Results

May 5, 2022businesswire.com

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Forum Energy Technologies Announces Timing of First Quarter 2022 Earnings Release and Conference Call

April 14, 2022businesswire.com

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2022 earnings conference call at 10:00 AM CDT on Friday, May 6, 2022. Forum will issue a press release regarding its first quarter 2022...