Q3 2025 Forum Energy Technologies Inc Earnings Call Transcript

Oct 31, 2025 / 03:00 PM GMT

Release Date Price: $26.78 (-16.88%)

Transcript 10-Q8-K

Key Points

Positve

Forum Energy Technologies Inc (FET) achieved a 21% increase in backlog, reaching its highest level since 2015.
The company reported a 9th consecutive quarter of positive free cash flow, with a year-to-date increase of 21%.
FET successfully reduced net leverage to 1.3 times, one quarter ahead of schedule.
The company repurchased 5% of its shares outstanding in the third quarter, totaling 8% for the year.
FET's 'beat the market' strategy has led to significant market share gains and strong bookings, particularly in offshore and international markets.

Negative

US revenue declined by 10% due to a 5% decrease in US rig count and conservative customer positions pushing deliveries into the fourth quarter.
Tariff rate volatility continues to pose challenges, impacting operations despite mitigation efforts.
The company faced increased tariffs on steel imports and targeted tariffs on imports from India.
FET had to consolidate four manufacturing plants into two, resulting in $21 million of non-cash inventory and other asset impairments.
The company anticipates a gradual decline in activity through the fourth quarter, which could impact future revenue.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FET.N - Forum Energy Technologies Inc
Q3 2025 Forum Energy Technologies Inc Earnings Call
Oct 31, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies 3rd quarter, 2025 earnings conference call. My name is Daniel, and I will be your coordinator for today's call.

There is a process for entering the Q&A queue. To ask a question during the session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again.

At this time, all participants are in a listen-only mode, and all lines have been placed on mute to prevent background noise.

This conference call is being recorded for replay purposes and will be available on the company's website.

I will

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