Craft

Forum Energy Technologies

Stock Price

$18.6

2024-05-17

Market Capitalization

$228.6 M

2024-05-17

Revenue

$738.9 M

FY, 2023

Forum Energy Technologies Summary

Company Summary

Overview
Forum Energy Technologies (FET) is a manufacturing company that provides solutions for oil, natural gas, industrial, and renewable energy industries. It operates through three segments: Drilling and Downhole, Completions, and Production. The Drilling and Downhole segment designs, manufactures and supplies capital equipment and consumable products used in the drilling process; products designed to safeguard artificial lift equipment and cables, and well construction casing and cementing equipment; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tooling, and technical services. The Completions segment offers products and solutions such as hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses and flow iron, as well as wireline cable and pressure control equipment to the coiled tubing, well stimulation, and intervention markets. The Production segment provides engineered process systems, production equipment, specialty separation equipment, and a wide range of industrial valves.
Type
Public
Status
Active
Founded
2005
HQ
Houston, TX, US | view all locations
Website
https://f-e-t.com
Cybersecurity rating
ESG rating
50-59 out of 100|View all ESG data
Sectors

Key People

  • Neal Lux

    Neal Lux, President, Chief Executive Officer, Director

  • Michael D. Danford

    Michael D. Danford, Senior Vice President and Chief Human Resources Officer

  • D. Lyle Williams Jr.

    D. Lyle Williams Jr., Executive Vice President and Chief Financial Officer

  • John C. Ivascu

    John C. Ivascu, Executive Vice President, General Counsel, Chief Compliance Officer and Corporate Secretary

Operating MetricsView all

Drilling Rigs (US)

687
5.0%

FY, 2023

Order Intake

$724.3M
7.2%

FY, 2023

Drilling Rigs (Canada)

177
1.1%

FY, 2023

LocationsView all

39 locations detected

  • Houston, TX HQ

    United States

    10344 Sam Houston Park Drive

  • Broussard, LA

    United States

    1023 Forum Drive

  • Bryan, TX

    United States

    831 Industrial Blvd

  • Clearfield, PA

    United States

    1102 Industrial Park Drive

  • Dayton, TX

    United States

    501 County Rd 493

  • Fort Worth, TX

    United States

    8701 Eagle Mountain Cir

and 33 others

Forum Energy Technologies Financials

Summary Financials

Revenue (Q1, 2024)
$202.4M
Gross profit (Q1, 2024)
$63.8M
Net income (Q1, 2024)
($10.3M)
Cash (Q1, 2024)
$48.5M
EBIT (Q1, 2024)
$3.2M
Enterprise value
$467.6M

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