Forum Energy Technologies

Introducing Forum Energy Technologies – a global provider of manufactured technologies and applied products and services. We may be a new name to you but our equipment and employees have a long history of solving our customers’ challenges. FET brings together some of the most well-known brands in our industry with an extensive range of mission critical products and services. We are building a world class company to bring innovative solutions to our worldwide customers. With offices in the key oilfield distribution centers of the globe, Forum is well-positioned to supply our clients with the equipment and related services that improve safety and performance and lower operating costs. Forum’s products and services range from the underwater reservoir to the refinery, from the sea floor to the above ground transportation line. We pride ourselves on giving you a comprehensive offering of solutions to maximize your operations and improve your bottom line. Our customers are our partners and we work with them to solve their ever-changing challenges.
Type
Public
HQ
Houston, US
Founded
2005
Size (employees)
2,050 (est)-18%
Website
f-e-t.com
Forum Energy Technologies was founded in 2005 and is headquartered in Houston, US

Forum Energy Technologies Office Locations

Forum Energy Technologies has offices in Houston, Stafford, Madison, Calgary and in 11 other locations
Houston, US (HQ)
1000 920 Memorial City Way
Show all (15)

Forum Energy Technologies Data and Metrics

Forum Energy Technologies Financial Metrics

Forum Energy Technologies's revenue was reported to be $171.1 m in Q1, 2017
USD

Revenue (Q1, 2017)

171.1 m

Gross profit (Q1, 2017)

39 m

Gross profit margin (Q1, 2017), %

23%

Net income (Q1, 2017)

(15.8 m)

EBIT (Q1, 2017)

(20.6 m)

Market capitalization (25-Jul-2017)

1.4 b

Cash (31-Mar-2017)

204.9 m
Forum Energy Technologies's current market capitalization is $1.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.5 b1.7 b1.1 b587.6 m

Revenue growth, %

14%(38%)(45%)

Cost of goods sold

193.2 b116.6 b

Gross profit

475.2 m559.5 m(192.2 b)(116 b)

Gross profit Margin, %

31%32%(17899%)(19741%)

Operating expense total

273 m316.6 m391.2 m56.1 b

EBIT

209.6 m268 m(113.7 m)(24.8 b)

EBIT margin, %

14%15%(11%)(4227%)

Pre tax profit

(192 b)(25.2 b)

Net Income

129.6 m174.4 m(119.4 m)(81.9 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

428.3 m468.8 m348.1 m284.4 m245 m159.4 m142.7 m138.3 m171.1 m

Cost of goods sold

290.3 m316.8 m239 m199.5 m179.2 m124.9 m137.4 m109 m132.1 m

Gross profit

138 m152 m109.1 m84.9 m65.8 m34.6 m5.3 m29.3 m39 m

Gross profit Margin, %

32%32%31%30%27%22%4%21%23%

General and administrative expense

77.7 m81.3 m73.6 m66.2 m57.2 m60 m58.3 m53.4 m60.7 m

Operating expense total

77.7 m81.3 m73.6 m66.2 m57.2 m60 m58.3 m53.4 m60.7 m

EBIT

65.8 m76 m40.2 m22.4 m12.2 m(25 m)(52.9 m)(26.2 m)(20.6 m)

EBIT margin, %

15%16%12%8%5%(16%)(37%)(19%)(12%)

Interest expense

7.7 m7.7 m7.6 m7.6 m7.5 m7.1 m6.8 m6.7 m6.6 m

Pre tax profit

55 m73.6 m39.3 m10.8 m7.7 m(33.4 m)(49.6 m)(29.8 m)(28.7 m)

Net Income

39.5 m52.2 m28.7 m8.9 m6.7 m(22.9 m)(28.5 m)(18 m)(15.8 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

39.6 m76.6 m109.2 m234.4 m

Accounts Receivable

31.2 m

Inventories

29.7 m33 m33.8 m338.6 m

Current Assets

809.5 m895.2 m717.8 m749.7 m

PP&E

180.3 m190 m186.7 m152.2 m

Goodwill

802.3 m798.5 m669 m652.7 m

Total Assets

2.2 b2.2 b1.9 b1.8 b

Accounts Payable

41.3 m

Total Debt

513.1 m428.9 m396.3 m396.9 m

Current Liabilities

220 m282.2 m151.6 m141.8 m

Total Liabilities

599.4 m

Additional Paid-in Capital

826.1 m864.3 m891.2 m998.2 m

Retained Earnings

525.1 m699.5 m580.2 m498.2 m

Total Equity

1.3 b1.4 b1.3 b1.2 b

Debt to Equity Ratio

0.4 x0.3 x0.3 x0.3 x

Debt to Assets Ratio

0.2 x0.2 x0.2 x0.2 x

Financial Leverage

1.6 x1.6 x1.5 x1.5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

32.6 m74.1 m83.9 m57.8 m76.2 m132 m137.2 m132.5 m204.9 m

Inventories

458 m454.5 m521.2 m522.8 m504.8 m416.1 m375 m355.2 m352 m

Current Assets

850 m937.8 m930.7 m861.6 m816.8 m698.3 m640.5 m660.7 m749.5 m

PP&E

188.1 m189 m202.6 m202.4 m196.8 m180.2 m173.6 m159.5 m151.1 m

Goodwill

824.4 m808.8 m795.4 m808.4 m799.6 m671.2 m662.9 m661 m656.9 m

Total Assets

2.2 b2.3 b2.3 b2.2 b2.1 b1.9 b1.8 b1.8 b1.8 b

Current Liabilities

240.5 m292.2 m292.9 m216.2 m190.3 m144.7 m131.7 m126.4 m162.8 m

Additional Paid-in Capital

848 m858.7 m869.9 m878.5 m886.2 m895.3 m900.5 m907.3 m1 b

Retained Earnings

601.2 m653.4 m728.2 m737.1 m743.8 m557.2 m528.7 m510.7 m482.4 m

Total Equity

1.4 b1.5 b1.4 b1.4 b1.4 b1.2 b1.2 b1.2 b1.2 b

Financial Leverage

1.6 x1.6 x1.6 x1.5 x1.5 x1.5 x1.5 x1.5 x1.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

129.6 m174.4 m(119.4 m)(81.9 m)

Depreciation and Amortization

36.2 m37.4 m38.4 m35.6 m

Inventories

33.1 m(26 m)344 k57.3 m

Cash From Operating Activities

211.4 m270 m155.9 m64.7 m

Capital Expenditures

(60.3 m)(53.8 m)(32.3 m)(16.8 m)

Cash From Investing Activities

(289 m)(70.7 m)(91.3 m)(11.1 m)

Long-term Borrowings

(715.1 m)(98.4 m)(120.1 m)

Cash From Financing Activities

77.1 m(162 m)(26.9 m)86.2 m

Interest Paid

18 m27.6 m27.9 m26.3 m

Income Taxes Paid

41.4 m55.6 m19.9 m(6.3 m)

Free Cash Flow

271.7 m323.8 m188.2 m47.9 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

39.5 m52.2 m28.7 m8.9 m6.7 m(22.9 m)(28.5 m)(18 m)(15.8 m)

Inventories

522.8 m504.8 m416.1 m352 m
USDY, 2017

Revenue/Employee

83.5 k

Financial Leverage

1.5 x

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