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Forum Energy Technologies Inc (FET.N)

FET.N on New York Stock Exchange

14.40USD
12 Dec 2017
Change (% chg)

$-0.10 (-0.69%)
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Latest Key Developments (Source: Significant Developments)

Forum Energy Technologies enters third amended and restated credit agreement - SEC filing
Thursday, 2 Nov 2017 02:45pm EDT 

Nov 2 (Reuters) - Forum Energy Technologies Inc ::Says ‍on Oct 30, 2017, Co entered into third amended and restated credit agreement - SEC filing.Says credit agreement has senior-secured asset-based revolving lending facility with commitments in aggregate amount of $300 million.Says ‍credit agreement provides for ability to raise commitments by additional $100 million, subject to certain conditions​.Says ‍credit facility matures in July 2021​.Says if notes due Oct 2021 are refinanced/replaced with indebtedness maturing on/after Jan 31 2023, credit facility to mature Oct 2022​.  Full Article

Forum Energy Technologies announces third quarter 2017 results
Monday, 30 Oct 2017 06:00pm EDT 

Oct 30 (Reuters) - Forum Energy Technologies Inc :Forum Energy technologies announces third quarter 2017 results.Q3 loss per share $0.15.Sees Q4 2017 revenue $245 million to $260 million.Q3 revenue $199 million versus I/B/E/S view $203.5 million.Q3 earnings per share view $-0.10 -- Thomson Reuters I/B/E/S.Q3 adjusted loss per share $0.10 excluding items.Forum Energy Technologies Inc says ‍in Q4 2017, forum expects EBITDA of $20 million to $24 million​.  Full Article

Q-GT Investment Partners reports 9.25 pct passive stake in Forum Energy Technologies
Thursday, 12 Oct 2017 04:26pm EDT 

Oct 12 (Reuters) - Forum Energy Technologies Inc :Q-GT (V) Investment Partners LLC reports 9.25 percent passive stake in Forum Energy Technologies Inc as on October 2, 2017 - SEC filing.  Full Article

Forum Energy Technologies sees Q3 revenue about $200 mln
Wednesday, 11 Oct 2017 08:38pm EDT 

Oct 11 (Reuters) - Forum Energy Technologies Inc :Forum energy technologies announces effect of Hurricane Harvey, updates third quarter 2017 guidance.Sees Q3 adjusted loss per share about $0.10 excluding items.Sees Q3 2017 loss per share about $0.20 including items.Sees Q3 revenue about $200 million.  Full Article

Forum Energy Technologies announces purchase of remaining membership interests in Global Tubing
Monday, 28 Aug 2017 06:30am EDT 

Aug 28 (Reuters) - Forum Energy Technologies Inc :Forum Energy Technologies announces purchase of remaining membership interests in Global Tubing from joint venture partner Quantum Energy Partners And Management.Aggregate transaction value is approximately $237 million.Co expects acquisition to be more than 25 pct EPS accretive in 2018, based on current analyst consensus estimates.Anticipated that closing of transaction will occur in Q3 2017.‍As part of deal , forum will also acquire management's interest in joint venture and repay Global Tubing's net debt​.  Full Article

Forum Energy Technologies announces Q2 loss per share $0.81
Thursday, 27 Jul 2017 08:34pm EDT 

July 27 (Reuters) - Forum Energy Technologies Inc :Forum Energy Technologies announces second quarter 2017 results.Q2 loss per share $0.81.Q2 earnings per share view $-0.11 -- Thomson Reuters I/B/E/S.Q2 revenue $201 million versus I/B/E/S view $195.2 million.Q2 adjusted loss per share $0.10 excluding items.Sees Q3 2017 loss per share $0.04 to $0.07.Sees Q3 2017 revenue up 8 to 12 percent.  Full Article

Forum Energy Technologies acquires Multilift
Wednesday, 5 Jul 2017 08:00am EDT 

July 5 (Reuters) - Forum Energy Technologies Inc ::Forum Energy Technologies acquires Multilift.Forum Energy Technologies Inc - acquired stock of Multilift from Pelican Energy Partners.  Full Article

Forum Energy Technologies reports Q1 loss per share $0.16
Thursday, 27 Apr 2017 06:36pm EDT 

April 27 (Reuters) - Forum Energy Technologies Inc :Forum energy technologies announces first quarter 2017 results.Q1 loss per share $0.16.Q1 revenue $171 million.Q1 adjusted loss per share $0.14 excluding items.Sees Q2 2017 loss per share $0.09 to $0.12.New inbound orders in quarter were $194 million, a 6% increase from Q4 2016.Expects diluted loss per share for Q2 2017 of $0.12 to $0.09 and revenue growth of 12-15%.  Full Article

Forum Energy Technologies appoints Prady Iyyanki as CEO
Monday, 20 Feb 2017 08:00am EST 

Forum Energy Technologies Inc : Forum Energy Technologies announces CEO succession . Says C. Christopher Gaut appointed chairman of the board . Says Prady Iyyanki appointed CEO and President .Prady Iyyanki succeeds Christopher Gaut, current chief executive officer who will become executive chairman.  Full Article

Forum Energy Technologies announces pricing of public offering of common stock
Monday, 5 Dec 2016 07:26pm EST 

Forum Energy Technologies Inc : Says public offering priced at $21.50per share .Forum Energy Technologies announces pricing of public offering of common stock.  Full Article

BRIEF-Forum Energy Technologies enters third amended and restated credit agreement - SEC filing

* Says ‍on Oct 30, 2017, Co entered into third amended and restated credit agreement - SEC filing