Forum Energy Technologies (FET)
Manufactures drilling, completion, artificial-lift, and downhole equipment for energy operators.
$80.95
After hours+0.05 (+0.06%)
At close$80.90(+0.05%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 179 | 185 | 202 | 205 | 208 | 201 | 193 | 200 | 196 | 202 | 209 | 226 |
| Cost of revenue | 128 | 136 | 139 | 142 | 142 | 139 | 135 | 140 | 156 | 141 | 148 | 155 |
| Gross profit | 51 | 50 | 64 | 63 | 66 | 62 | 58 | 59 | 40 | 61 | 61 | 71 |
| 45 | 45 | 61 | 55 | 57 | 169 | 50 | 45 | 46 | 59 | 50 | 51 | |
| Selling, general & administrative | 45 | 45 | 55 | 54 | 56 | 55 | 49 | 51 | 50 | 49 | 50 | 50 |
| Other expenses | 0 | 0 | 6 | 1 | 0 | 115 | 0 | −7 | −4 | 10 | 0 | 1 |
| Operating income | 6 | 5 | 3 | 8 | 9 | −107 | 9 | 15 | −6 | 2 | 11 | 21 |
| 4 | −17 | −10 | −12 | −19 | 0 | −4 | −1 | −4 | 7 | −4 | −4 | |
| Interest expense | 5 | 5 | 9 | 9 | 8 | 6 | 5 | 5 | 4 | 4 | 4 | 4 |
| Other non-operating income | −8 | 12 | 1 | 3 | 11 | −6 | −1 | −4 | 0 | −11 | −1 | 0 |
| Income before tax | 9 | −12 | −7 | −4 | −10 | −107 | 5 | 14 | −10 | 8 | 7 | 16 |
| Income tax expense | 1 | 5 | 4 | 3 | 5 | −4 | 4 | 6 | 10 | 6 | 3 | 4 |
| Net income from continuing operations | 8 | −17 | −10 | −7 | −15 | −104 | 1 | 8 | −21 | 2 | 4 | 12 |
| Net income | 8 | −17 | −10 | −7 | −15 | −104 | 1 | 8 | −21 | 2 | 4 | 12 |
| EPS, basic | $0.78 | −$1.65 | −$0.85 | −$0.54 | −$1.20 | −$8.41 | $0.09 | $0.62 | −$1.68 | $0.18 | $0.40 | $1.10 |
| EPS, diluted | $0.77 | −$1.65 | −$0.85 | −$0.54 | −$1.20 | −$8.41 | $0.09 | $0.61 | −$1.67 | $0.17 | $0.39 | $1.05 |
| Weighted average shares, basic | 10 | 10 | 12 | 12 | 12 | 12 | 12 | 12 | 12 | 11 | 11 | 11 |
| Weighted average shares, diluted | 10 | 10 | 12 | 12 | 12 | 12 | 13 | 13 | 12 | 12 | 12 | 12 |
| EBITDA | 23 | 1 | 16 | 18 | 11 | −89 | 19 | 28 | 2 | 30 | 19 | 28 |
| Depreciation & amortization | 9 | 9 | 14 | 14 | 14 | 12 | 9 | 9 | 8 | 18 | 8 | 8 |
| EBIT | 14 | −7 | 2 | 4 | −3 | −101 | 10 | 19 | −6 | 13 | 12 | 20 |
