Forum Energy Technologies Announces First Quarter 2019 Results
Revenue of $272 million in 1Q19 Diluted EPS of $(0.07) and adjusted EPS of $(0.04) in 1Q19 Net loss of $8 million and adjusted EBITDA of $22 million in 1Q19 Cash flow from operations of $18 million and free cash flow of $14 million in 1Q19 Forum Energy Technologies, Inc. today announced first quarter 2019 revenue of $272 million, a decrease of $1 million from the fourth …
Forum Energy Technologies Announces C. Christopher Gaut as CEO
Forum Energy Technologies, Inc. announced today that C.Christopher Gaut has been named Chief Executive Officer of the Company by the Board of Directors to replace Prady Iyyanki. Mr. Gaut will continue to serve as Chairman of the Board. Cris Gaut commented, “Forum is a strong company with tremendous talent and significant upside …
Forum Energy Technologies Awarded Contract for Submarine Rescue Vehicle and Remotely Operated Vehicle
Forum Energy Technologies, Inc. (NYSE: FET) announced today that it received an order from Submarine Manufacturing and Products, Ltd. (SMP) to supply a submarine rescue vehicle (SRV), a work-class remotely operated vehicle (ROV), and associated launch and recovery systems. The ROV and SRV will be delivered in 2019 and 2020, …
Forum Energy Technologies: Announces CFO Succession James Harris to Head Up Drilling and Subsea Segment
Forum Energy Technologies, Inc. announced today that as part of its continued succession planning process, the company has appointed Pablo G. Mercado to serve as Senior Vice President and Chief Financial Officer effective March 1, 2018. James W. Harris, the current Chief Financial Officer, has been leading the Drilling and …
Forum: Seals Mojave ROV deal with ESEA Submarine AS
Forum Energy Technologies, Inc. has delivered a Remotely Operated Vehicle (ROV) to ESEA Submarine AS to perform a variety of offshore roles, including inspection, survey and salvage work. The powerful and compact Sub-Atlantic™ Mojave will also be used by ESEA Submarine’s sister company, ESEA Marine AS, which has customers that …
Forum Energy Technologies: Sells 350th Rotational Torque Machine and 6th Unit to Tam International
Forum Energy Technologies, Inc. revealed today that it has designed, manufactured, tested and delivered its 350th rotational torque (RT) torque machine to TAM International, a globally recognised downhole inflatable packer leader. The torque machine, or bucking unit as it is commonly referred, was manufactured at the Forum AMC facility in …