Forum Energy Technologies is a global provider of manufactured technologies and applied products to the energy industry. The Company provides products and technologies essential to drilling, subsea, completions, production and infrastructure sectors of the oil and gas industry. The Company's products include highly engineered capital equipment as well as products that are consumed in the drilling, well construction, production and transportation of oil and natural gas.

Employee Rating

2.9More
TypePublic
HQHouston, US
Founded2010
Size (employees)2,050 (est)
Websitef-e-t.com
Forum Energy Technologies was founded in 2010 and is headquartered in Houston, US
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Key People/Management at Forum Energy Technologies

Pablo G. Mercado

Pablo G. Mercado

Senior Vice President & Chief Financial Officer
Michael D. Danford

Michael D. Danford

Senior Vice President – Human Resources
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Forum Energy Technologies Office Locations

Forum Energy Technologies has offices in Houston, Stafford, Guthrie, Pocola and in 27 other locations
Houston, US (HQ)
1000 920 Memorial City Way
Clearfield, US
1102 Industrial Park Rd
Guthrie, US
3110 W Noble Ave
Houston, US
300 10344 Sam Houston Park Dr
McDonald, US
803 Robinson Hwy
Pocola, US
1307 OK-112
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Forum Energy Technologies Financials and Metrics

Forum Energy Technologies Revenue

Forum Energy Technologies's revenue was reported to be $587.64 m in FY, 2016 which is a 45.3% decrease from the previous period.
USD

Revenue (Q3, 2018)

267.0m

Gross profit (Q3, 2018)

74.5m

Gross profit margin (Q3, 2018), %

27.9%

Net income (Q3, 2018)

(3.1m)

EBIT (Q3, 2018)

2.4m

Market capitalization (16-Jan-2019)

545.8m

Closing stock price (16-Jan-2019)

5.0

Cash (30-Sep-2018)

26.9m

EV

985.8m
Forum Energy Technologies's current market capitalization is $545.8 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1.5b1.7b1.1b587.6m

Revenue growth, %

14%(38%)(45%)

Cost of goods sold

1.0b811.0m116.6b

Gross profit

475.2m262.7m(116.0b)
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

428.3m468.8m348.1m284.4m245.0m159.4m142.7m138.3m171.1m201.1m198.7m250.2m274.0m267.0m

Cost of goods sold

290.3m316.8m239.0m199.5m179.2m124.9m137.4m109.0m132.1m151.9m151.2m182.9m201.3m192.5m

Gross profit

138.0m152.0m109.1m84.9m65.8m34.6m5.3m29.3m39.0m49.3m47.6m67.3m72.7m74.5m

Gross profit Margin, %

32%32%31%30%27%22%4%21%23%24%24%27%27%28%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

39.6m76.6m109.2m234.4m

Accounts Receivable

31.2m

Inventories

441.0m33.0m424.1m338.6m

Current Assets

809.5m895.2m717.8m749.7m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

36.2m37.4m38.4m35.6m

Inventories

33.1m(26.0m)344.0k57.3m
USDY, 2018

EV/EBIT

404.7 x

EV/CFO

-40.5 x

EV/FCF

-22.3 x

Financial Leverage

1.5 x
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Forum Energy Technologies Online and Social Media Presence

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Forum Energy Technologies News and Updates

Offshore ROV 2019 Global Market Key Players – Forum Energy Technologies, Oceaneering, FMC Technologies, Saab Seaeye Limited, Furgo, Saipem, ECA Group – Analysis and Forecast to 2025

WiseGuyRerports.com Presents “Global Offshore ROV Market Professional Survey Report 2019” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

Pelican Energy Partners sells Multilift to Forum Energy Technologies

Forum Energy Technologies Inc has acquired Houston, Texas-based Multilift, a maker of completion tools. The seller was Pelican Energy Partners. No financial terms were disclosed.
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Forum Energy Technologies Company Life and Culture

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Forum Energy Technologies Frequently Asked Questions

  • When was Forum Energy Technologies founded?

    Forum Energy Technologies was founded in 2010.

  • Who are Forum Energy Technologies key executives?

    Forum Energy Technologies's key executives are Pablo G. Mercado and Michael D. Danford.

  • How many employees does Forum Energy Technologies have?

    Forum Energy Technologies has 2,050 employees.

  • What is Forum Energy Technologies revenue?

    Latest Forum Energy Technologies annual revenue is $587.6 m.

  • What is Forum Energy Technologies revenue per employee?

    Latest Forum Energy Technologies revenue per employee is $286.7 k.

  • Who are Forum Energy Technologies competitors?

    Competitors of Forum Energy Technologies include EQT GP Holdings, Sureclean and Propel Fuels.

  • Where is Forum Energy Technologies headquarters?

    Forum Energy Technologies headquarters is located at 1000 920 Memorial City Way, Houston.

  • Where are Forum Energy Technologies offices?

    Forum Energy Technologies has offices in Houston, Stafford, Guthrie, Pocola and in 27 other locations.

  • How many offices does Forum Energy Technologies have?

    Forum Energy Technologies has 32 offices.