Q4 2025 Forum Energy Technologies Inc Earnings Call Transcript

Feb 20, 2026 / 04:00 PM GMT

Release Date Price: €48.4 (+9.01%)

Transcript 10-K8-K

Key Points

Positve

Forum Energy Technologies Inc (FET) achieved a full-year booked-to-bill ratio of 113%, with significant diversification across products, markets, and geographies.
The company introduced 10 new products in 2025, enhancing its technology pipeline and supporting future growth.
FET reported a 46% increase in year-end backlog, the highest in 11 years, providing visibility and resilience for future operations.
The company generated $80 million in free cash flow in 2025, reaching the top end of its guidance range.
FET reduced its net debt by 28% and repurchased approximately 11% of its shares outstanding, demonstrating strong capital management.

Negative

Global drilling activity was lower, impacting overall market conditions.
The U.S. revenue declined by 2% due to project timing and softer demand for valves and artificial lift products.
The fourth quarter book-to-bill ratio was 93%, reflecting order timing issues in the drilling and completion segment.
The company faced increased healthcare costs and professional fees, which impacted adjusted EBITDA.
Tariffs and geopolitical uncertainties posed challenges, requiring mitigation through pricing actions and supply chain optimization.

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

FET.N - Forum Energy Technologies Inc
Q4 2025 Forum Energy Technologies Inc Earnings Call
Feb 20, 2026 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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4th quarter and full year 2025 earnings conference call.

My name is Gigi, and I'll be your coordinator for today's call. There is a process for entering the question-and-answer 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. A link with instructions can be found on the company's investor relations website under the events section. At this time, all participants are in a listen-only mode, and all lines have been placed on mute to prevent any background noise. This conference call is being recorded for replay purposes and will be available on the

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