Forum Energy Technologies Inc (N:FET)
Business Focus: Oil Related Services and Equipment
| Sector: Energy | Industry: Oil Related Services and Equipment |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 10344 Sam Houston Park Drive, Suite 300 HOUSTON TX 77064 |
| Tel: | N/A |
| Website: | www.f-e-t.com |
| IR: | See website |
| Key People | ||
| Neal A. Lux President, Chief Executive Officer, Director | D. Lyle Williams Chief Financial Officer, Executive Vice President | Michael D. Danford Chief Human Resource Officer, Senior Vice President |
| John C. Ivascu Executive Vice President, Chief Compliance Officer, General Counsel, Corporate Secretary | Katherine Keller Senior Vice President, Chief Accounting Officer | Mark Brookes Senior Vice President - Operations | Steven Pounds Senior Vice President - Operations |
| Business Overview |
| Forum Energy Technologies, Inc. is a global manufacturing company serving the oil, natural gas, industrial and renewable energy industries. The Company's segments include Drilling and Completions and Artificial Lift and Downhole. The Drilling and Completions segment designs, manufactures and supplies products and solutions to the drilling, subsea, coiled tubing, well stimulation and intervention markets, including applications in the oil and natural gas, renewable energy, defense and communications industries. The Artificial Lift and Downhole segment designs, manufactures and supplies products and solutions for the artificial lift, well construction, production and infrastructure markets. The products and solutions consist of products designed to safeguard artificial lift equipment and downhole cables, well construction casing and cementing equipment and others. It also manufactures downhole technology solutions, providing sand and flow control products for heavy oil applications. |
| Financial Overview |
| For the three months ended 31 March 2024, Forum Energy Technologies Inc revenues increased 7% to $202.4M. Net loss increased from $3.5M to $10.3M. Revenues reflect Artificial Lift and Downhole segment increase of 34% to $83.3M, Canada segment increase from $13.7M to $35.6M, Europe & Africa segment increase of 85% to $21.6M, Asia- Pacific segment increase of 32% to $10.2M. |
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