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Forum Energy Tech (FET)
NYSE:FET
Earnings Data
Report Date
Jul 31, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.15Last Year’s EPS
-0.07Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -3.90%
|Next Earnings Date:Jul 31, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive and challenging aspects. The company showed strong performance in terms of free cash flow generation, order increases, and subsea segment strength. However, significant challenges exist due to external factors like tariffs, declining oil prices, and potential impacts on the North American market. The company's proactive cost management and share buyback efforts are positive, yet overshadowed by economic uncertainties.Company Guidance
During the First Quarter 2025 earnings call for Forum Energy Technologies Inc., management provided guidance with several key metrics and insights into their strategy amidst current market conditions. The company anticipates full-year EBITDA around $85 million, assuming commodity prices remain at current levels. They are proactively managing costs and inventory, having already eliminated $10 million in annualized costs and generated approximately $40 million from inventory reductions in 2024, aiming for $40 million to $60 million in full-year free cash flow. The first quarter results showed revenue of $193 million and EBITDA of $20 million, with a 6% increase in orders totaling $201 million, leading to a book-to-bill ratio of 104%. Additionally, FET ended the first quarter with a net debt of $146 million and a net leverage ratio of 1.56 times, maintaining $108 million of liquidity with no debt maturities until 2028. Looking ahead, they expect second-quarter revenue between $180 million to $200 million and EBITDA ranging from $18 million to $22 million. The company remains committed to share buybacks and debt reduction, utilizing 50% of free cash flow for each, provided they maintain a net leverage ratio below 1.5 times.Positive Free Cash Flow
Generated $7 million in free cash flow in the first quarter, marking the seventh consecutive quarter of positive free cash flow generation. The company remains confident in its full-year free cash flow guidance of $40 million to $60 million.
Increase in Orders and Revenue
Orders increased by 6% to $201 million with a book-to-bill ratio of 104%. Revenue for the quarter was $193 million, and EBITDA was $20 million.
Strong Performance in Subsea Segment
Subsea orders returned to customary levels with meaningful bookings, including $8 million of subsea orders in April. This reflects the strength of the offshore market.
Efforts in Cost Management
Initiatives to eliminate $10 million of annualized costs and a focus on inventory management have helped align the business with market conditions.
Share Buybacks and Debt Reduction
Repurchased roughly 1% of outstanding shares for $2 million and plans to utilize 50% of free cash flow for further debt reduction.
FET Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FET Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | $15.14 | $15.05 | -0.59% |
Feb 20, 2025 | $18.99 | $18.28 | -3.74% |
Oct 31, 2024 | $13.98 | $13.96 | -0.14% |
Aug 01, 2024 | $17.33 | $16.57 | -4.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Forum Energy Tech (FET) report earnings?
Forum Energy Tech (FET) is schdueled to report earning on Jul 31, 2025, TBA Not Confirmed.
What is Forum Energy Tech (FET) earnings time?
Forum Energy Tech (FET) earnings time is at Jul 31, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FET EPS forecast?
FET EPS forecast for the fiscal quarter 2025 (Q2) is 0.15.