For Q4 2025, Forum Energy Technologies generated revenue of 202200000 and net income of 2072000, or 0.17 per diluted share. Adjusted net income was 5000000, or 0.41 per diluted share. Adjusted EBITDA was 22686000, with total orders of 187197000 and a total book-to-bill ratio of 0.93.
Forum Energy Technologies delivered a strong third quarter, with revenue of $196 million and adjusted EBITDA of $23 million, up 13% sequentially. Despite a GAAP net loss of $21 million, adjusted net income was $3 million. The company achieved a 122% book-to-bill ratio, leading to its highest backlog in over ten years, and significantly exceeded free cash flow expectations, prompting an increase in full-year 2025 guidance.
Forum Energy Technologies delivered robust second quarter 2025 results, achieving $200 million in revenue and $8 million in net income. The company reported its eighth consecutive quarter of positive free cash flow and significantly increased its full-year free cash flow guidance to between $60 million and $80 million, driven by strong bookings and operational improvements.
Forum Energy Technologies reported first quarter 2025 revenue of $193 million and net income of $1 million, or $0.09 per diluted share. The company generated $7 million in free cash flow and maintained its full-year free cash flow guidance despite economic uncertainties.
Forum Energy Technologies reported a strong fourth quarter and full year 2024, with full year revenue increasing by 10% and adjusted EBITDA up 49% year-over-year. The company generated significant free cash flow and initiated a share repurchase program, while also providing 2025 guidance.
Forum Energy Technologies announced Q3 2024 results with revenue of $208 million, a 16% year-over-year increase. The company reported a net loss of $15 million, or $1.20 per diluted share. They raised their full year free cash flow guidance to $60 to $70 million.
Forum Energy Technologies reported Q2 2024 results with revenue of $205 million, an 11% year-over-year increase. The company's adjusted EBITDA increased by 48% year-over-year to $26 million. They raised the full year free cash flow guidance to $50 to $70 million.
Forum Energy Technologies reported a revenue of $202 million, a 9% sequential increase, and orders of $204 million with a book-to-bill ratio of 101%. The company experienced a net loss of $10 million, or $0.85 per diluted share, but adjusted EBITDA increased by 69% sequentially to $26 million. They reaffirms full year 2024 guidance: $100 to $120 million in EBITDA and $40 to $60 million in free cash flow.
Forum Energy Technologies reported Q4 2023 revenue of $185 million with a net loss of $17 million, or $1.64 per diluted share. Adjusted net loss was $0.39 per diluted share. Adjusted EBITDA was $15 million, and free cash flow was $9 million.
Forum Energy Technologies reported third quarter 2023 revenue of $179 million, a 3% sequential decrease. Net income was $8 million, or $0.77 per diluted share. Orders increased 7% sequentially to $199 million, with a book-to-bill ratio of 111%.
Forum Energy Technologies reported Q2 2023 revenue of $185 million, an 8% increase year-over-year. The company experienced a net loss of $7 million, with diluted EPS of negative $0.64. Orders totaled $186 million, resulting in a book-to-bill ratio of 100%.
Forum Energy Technologies reported Q4 2022 revenue of $191 million, an increase from the previous quarter. The company experienced a net loss of $13 million, or $2.22 per diluted share, but adjusted EBITDA was $17 million, within the guidance range. Strong bookings were secured at $215 million, and backlog reached its highest level since Q4 2018.
Forum Energy Technologies reported a 6% sequential increase in revenue to $182 million. Net income was $16.5 million, with diluted EPS of $1.82. Adjusted EBITDA reached $17.8 million, a 15% sequential increase. The company confirmed its full-year 2022 Adjusted EBITDA guidance at the top end of the $50 to $60 million range.
Forum Energy Technologies reported a strong second quarter in 2022, with revenue reaching $172 million, an 11% increase sequentially. Net income was $9 million, translating to a diluted EPS of $1.15. Adjusted EBITDA stood at $15.5 million, a 74% sequential increase.
Forum Energy Technologies reported Q1 2022 revenue of $155 million, a 5% increase sequentially. The company's net loss was $9 million, or $1.62 per diluted share. Adjusted EBITDA was $9 million, a sequential increase of $5 million, or 112%.
Forum Energy Technologies reported Q4 2021 revenue of $148 million and orders of $160 million. The company experienced a net loss of $20 million, or $3.46 per diluted share. Adjusted EBITDA was $4.2 million.
Forum Energy Technologies reported Q3 2021 revenue of $141 million, a 3% sequential increase. Orders were $176 million, up 11% sequentially, with a book-to-bill ratio of 1.25. The net loss was $12 million, an improvement from the previous quarter's $22 million loss. The board authorized a $10 million share repurchase program.
Forum Energy Technologies reported Q2 2021 revenue of $137 million, a 20% sequential increase. The company's net loss was $22 million, or $3.87 per diluted share. Adjusted EBITDA was $7 million, and free cash flow was $4 million.
Forum Energy Technologies reported Q1 2021 revenue of $115 million, a net loss of $30 million, and adjusted EBITDA of $2 million. The company's inbound orders increased sequentially by approximately $24 million, resulting in a book-to-bill ratio above 1.2.
Forum Energy Technologies reported a sequential increase in revenue and bookings for Q4 2020. Revenue reached $113 million, a 9% increase from the third quarter, and bookings rose by 34% to $124 million. The company's net loss was $33 million, or $5.85 per diluted share. Adjusted EBITDA improved to negative $2.6 million. They closed the sale of ABZ and Quadrant valve brands for $105 million, reducing net debt by roughly one-third.
Forum Energy Technologies reported Q3 2020 revenue of $104 million and a net loss of $22 million, or $0.19 per diluted share. Orders received increased by $7 million to $92 million. Adjusted EBITDA was negative $10 million, an improvement of approximately $2 million from the previous quarter.
Forum Energy Technologies reported a second quarter 2020 revenue of $113 million, a decrease of $69 million from the first quarter 2020. Net loss for the quarter was $5 million, or $0.05 per diluted share.
Forum Energy Technologies reported a challenging first quarter due to the decline in oil demand and prices. Revenue was $183 million, and the company experienced a net loss of $37 million, or $0.33 per diluted share. The company is implementing cost reduction measures and focusing on cash flow generation.
Forum Energy Technologies reported Q4 2019 revenue of $200 million, a net loss of $12 million, and free cash flow of $26 million. Revenue decreased by $40 million compared to Q3 2019. The company reduced net debt by $29 million during the quarter.