Forum Energy Technologies — Third Quarter 2026 Earnings Summary

Forum Energy Technologies reported third-quarter 2026 revenue of $237 million, representing a 5% sequential increase, while net income declined 9% to $11 million. The company achieved adjusted net income of $18 million and adjusted EBITDA of $36 million, both showing significant year-over-year growth. Orders totaled $244 million with a book-to-bill ratio of 103%, and the firm raised its full-year 2026 revenue guidance to a range of $900 to $920 million. Additionally, Forum Energy Technologies acquired Premiere Torque Rings to expand its addressable market and reduced its net leverage ratio to 0.9 times.