Q2 2026 Forum Energy Technologies Inc Earnings Call Transcript

Jul 31, 2026 / 03:00 PM GMT

Release Date Price: €53 (+18.30%)

Transcript 10-Q8-K

Key Points

Positve

Revenue, EBITDA, and net income all exceeded the high end of guidance, with revenue up 8% sequentially and EBITDA up 39%.
Book-to-bill ratio of 104%, exceeding revenue for five of the last six quarters, indicating strong demand.
Significant margin expansion, with artificial lift and downhole segment EBITDA margins reaching nearly 25%.
Net leverage ratio improved dramatically from 1.4x to 1.1x, strengthening the balance sheet.
Raised full-year 2026 guidance for revenue, EBITDA, net income, and free cash flow, reflecting confidence in growth.

Negative

Middle East conflict negatively impacted regional activity, affecting international operations.
Revenue from mechanical production equipment decreased due to timing of shipments, partially offsetting growth.
Accounts receivable increased with revenue, potentially impacting cash flow.
International revenue per rig remains lower than in the U.S., indicating untapped potential but also a gap.
Dependence on market activity improvements, with global rig count flat in the first half, limiting organic growth.

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

FET.N - Forum Energy Technologies Inc
Q2 2026 Forum Energy Technologies Inc Earnings Call
Jul 31, 2026 / 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 Form Energy Technologies Second Quarter 2026 Earnings Conference Call. My name is Latif and I will 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 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 listen-only mode, and all lines have been placed on mute to prevent any background noise

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