FET demonstrated strong sequential growth and achieved record-high backlog levels. The company raised its free cash flow guidance and successfully executed its market strategy, leading to increased revenue per rig. However, challenges remain in the valve business due to tariffs, and declining rig counts present ongoing challenges. Despite these lowlights, the strong performance and strategic execution indicate a positive sentiment overall.

Company Guidance -

Q3 2025

During the Forum Energy Technologies Second Quarter 2025 Earnings Conference Call, several key metrics and guidance updates were provided. The company reported a significant increase in free cash flow, generating $23 million in the second quarter, which contributed to a total of $30 million for the first half of 2025—a 27% year-over-year increase. As a result, the company raised its full-year 2025 free cash flow guidance to between $60 million and $80 million, reflecting a $20 million increase. Forum Energy also announced that it plans to reduce net leverage to 1.3x by year-end, while maintaining a free cash flow yield around 30%. Additionally, the company expects to continue its share repurchase program, aiming to repurchase an additional 10% of shares outstanding by the end of the year. For the third quarter, the company forecasts revenue between $180 million and $200 million and EBITDA between $19 million and $23 million. The full-year 2025 revenue is expected to be between $760 million and $800 million, with EBITDA around $85 million. These results are underpinned by the company's "beat the market" strategy, which has led to a 20% increase in annualized revenue per global rig since its implementation in 2022.

Strong Sequential Growth

FET delivered sequential growth in bookings, revenue, EBITDA, and free cash flow. Revenue and EBITDA were in the top half of guidance ranges.

Record High Backlog

The backlog reached the highest level in over 10 years, driven by strong bookings across most product lines.

Significant Free Cash Flow

Generated $23 million in free cash flow in Q2, marking the eighth consecutive quarter of positive free cash flow, with a 27% year-over-year increase.

Increased Free Cash Flow Guidance

Raised full-year 2025 free cash flow guidance to between $60 million and $80 million, a $20 million increase.

Market Strategy Success

Beat the market strategy resulted in a 20% increase in annualized revenue per global rig since 2022.

Leadership and Growth Markets Expansion

FET derives about 2/3 of revenue from leadership markets with a 36% share. Growth markets present a $3 billion opportunity, with plans to double market share.

Share Repurchases

Repurchased approximately 5% of shares outstanding, with plans to repurchase an additional 10% based on full-year guidance.

Forum Energy Tech (FET) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

FET Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.20 / -	-0.19	―	―	―
Aug 07, 2025	2025 (Q2)	0.12 / -0.10	-0.07	-42.86% (-0.03)	―
May 01, 2025	2025 (Q1)	0.27 / 0.04	-0.12	133.33% (+0.16)	―
Feb 20, 2025	2024 (Q4)	0.06 / -0.48	-0.39	-23.08% (-0.09)	―
Oct 31, 2024	2024 (Q3)	0.06 / -0.19	0.767	-124.77% (-0.96)	―
Aug 01, 2024	2024 (Q2)	0.04 / -0.07	-0.644	89.13% (+0.57)	―
May 02, 2024	2024 (Q1)	0.40 / -0.12	-0.342	64.91% (+0.22)	―
Feb 29, 2024	2023 (Q4)	- / -0.39	-0.45	13.33% (+0.06)	―
Nov 02, 2023	2023 (Q3)	- / 0.77	-0.25	406.80% (+1.02)	―
Aug 03, 2023	2023 (Q2)	- / -0.64	-0.73	11.78% (+0.09)	―

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
Aug 07, 2025	$18.16	$22.17	+22.08%
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%

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 Oct 30, 2025, After Close (Confirmed).

What is Forum Energy Tech (FET) earnings time?

Forum Energy Tech (FET) earnings time is at Oct 30, 2025, After Close (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 (Q3) is 0.2.

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