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Earnings Releases·

Forum Energy Technologies — Third Quarter 2026 Earnings Summary

  • Revenue rose 5% sequentially to $237 million, while adjusted EBITDA and free cash flow surged 14% and 214% respectively to $36 million and $30 million; net debt leverage improved to 0.9x.
  • Full-year 2026 guidance was raised across all key metrics, projecting revenue of $900–$920 million (+15% YoY) and adjusted EBITDA of $123–$129 million (+46% YoY).
  • Fourth quarter 2026 revenue guidance increased to $230–$250 million, with adjusted EBITDA guidance raised to $33–$39 million.
  • Strategic growth was supported by a 103% book-to-bill ratio, the Q3 acquisition of Premiere Torque Rings, and $8.96 million in stock repurchases.
Company
FORUM ENERGY TECHNOLOGIES INC
Sector
Energy
Industry
Oil & Gas Equipment & Services