Forum Energy Technologies, Inc.

Forum Energy Technologies, Inc. (FET) reported FY 2025 revenue of $791.5 million, generating operating income of $30.1 million and income before taxes of $16.6 million. The company recorded a net loss of $9.7 million, primarily impacted by a $34.9 million charge for other corporate expenses. Key operational highlights include strong cash generation, with net cash provided by operating activities of $70.4 million, and a significant increase in backlog to $311.6 million from $213.5 million in the prior year. The company's bookings for the year were $891.0 million, up from $780.3 million in 2024. FET maintained a solid liquidity position with $34.7 million in cash and cash equivalents and total equity of $291.1 million. The company's performance reflects continued demand in its core oil, natural gas, and renewable energy markets, though profitability was affected by corporate-level expenses.

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