The earnings call reflected strong financial results and strategic growth initiatives, including increased free cash flow guidance, robust bookings, and a share repurchase program. However, challenges such as tariff impacts and anticipated market activity decline were noted. Overall, the positive aspects significantly outweigh the lowlights.

Company Guidance

During the Forum Energy Technologies Second Quarter 2025 Earnings Conference Call, the company reported strong sequential growth across several metrics including bookings, revenue, EBITDA, and free cash flow. Bookings were notably robust, driving backlog to its highest level in over a decade. The company generated $23 million in free cash flow for the quarter, totaling $30 million for the first half of the year, representing a 27% year-over-year increase. Consequently, full-year 2025 free cash flow guidance was raised to between $60 million and $80 million. The company repurchased approximately 5% of its shares outstanding and plans to repurchase an additional 10%. Additionally, the company aims to reduce net leverage to 1.3x by year-end, with a free cash flow yield around 30%. Vision 2030, the company's long-term plan, anticipates significant growth driven by global economic expansion and increased demand for oil and gas, potentially doubling revenue and significantly increasing free cash flow per share by 2030.

Strong Financial Performance

The company reported sequential growth in bookings, revenue, EBITDA, and free cash flow. Revenue and EBITDA were in the top half of guidance ranges, with free cash flow of $23 million in Q2, marking a 27% year-over-year increase.

Increased Free Cash Flow Guidance

FET raised its full-year 2025 free cash flow guidance to between $60 million and $80 million, a $20 million increase, supported by expected working capital reductions and cost savings.

Robust Bookings and Backlog

Bookings increased by 31% from the last quarter, with a book-to-bill ratio of 132%. The backlog reached the highest level in over 10 years, driven by strong performance in the Subsea product line.

Share Repurchase Program

The company repurchased approximately 5% of shares outstanding in 2025 and plans to repurchase an additional 10% based on full-year guidance and current stock price levels.

Vision 2030 and Strategic Growth

FET outlined its Vision 2030 plan, aiming to double revenue organically by expanding its addressable market by more than 50% and leveraging a capital-light business model.

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)	0.24 / -	-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 (FET) report earnings?

Forum Energy (FET) is schdueled to report earning on Oct 30, 2025, After Close (Confirmed).

What is Forum Energy (FET) earnings time?

Forum Energy (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 0.24.

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