Forum Energy Technologies, Inc. (FET) Earnings Call Transcripts

Forum Energy Technologies, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Forum Energy Technologies, Inc. (FET) reported a revenue of $209 million, reflecting an 8% year-over-year increase, and a net income surge of 300%. The company raised its full-year EBITDA guidance to a midpoint of $103 million, up 20% compared to 2025, driven by strong bookings and an increase in backlog, which is up 44% year-over-year. Management expressed confidence in future growth, citing a favorable market outlook despite ongoing geopolitical tensions.

Reported metrics

Guidance from management

FET forecasts Q2 revenue between $200 million and $225 million and EBITDA between $24 million and $30 million. The full-year EBITDA guidance has been raised to a midpoint of $103 million, reflecting a positive outlook for the business.

What management said

Thank you, Lyle. Over the last few years, we have implemented a strategy to make FET a better and stronger company. We are gaining share through commercial excellence and innovation. We are leveraging our global footprint, delivering our solutions to customers around the world. We are creating significant value for our shareholders, and we have been successful despite market headwinds. Now we may be closer to finally...

I think, again -- let me start with the new products and innovations. I think generally, our innovative products have higher margins than our standard overall margin. Again, I think the innovations we developed, we're addressing specific customer needs and so we're able to get more value out of that. And I think as we talked about our backlog coming into the year, about 11% was new innovations or new products that we...

What analysts pressed on

Analysts expressed concerns regarding the sustainability of order strength amidst geopolitical uncertainties and questioned the margin profile in the backlog. There were also inquiries about the potential impact of Middle East conflicts on future demand.

Main topics on the call

• Revenue Growth and Backlog — FET achieved a revenue increase of 8% year-over-year, with a backlog growth of 44%. Management stated, "We entered the year with our highest backlog in 11 years, and we grew that backlog again."
• Cost Savings and Efficiency Improvements — The company realized $15 million in annualized cost savings from structural initiatives, contributing to a 14% increase in EBITDA. Neal Lux noted, "We are now a more efficient organization."
• Guidance Raise — FET raised its EBITDA guidance for the full year to $103 million, reflecting a 20% increase from 2025. Management indicated that this decision was supported by a strong order book, stating, "Having a book-to-bill over 10...
• Market Conditions and Geopolitical Impact — Management acknowledged ongoing geopolitical tensions but indicated limited impact on operations, with Middle East revenue only constituting 10% of total revenue. They stated, "We are not forecasting any material negativ...

Read the full Forum Energy Technologies, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Forum Energy Technologies, Inc. earnings call transcripts on record, spanning February 13, 2020 to July 31, 2026. Based on this history, Forum Energy Technologies, Inc. reports quarterly. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FET

Exchange

NYSE

Country

US

Sector

Energy

Industry

Energy Equipment and Services

Calls on record

29

First call

February 13, 2020

Most recent

July 31, 2026

Reporting cadence

quarterly