FORUM ENERGY TECHNOLOGIES, INC. — Form 8-K
Filed July 30, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 68/100
What the filing says
Forum Energy Technologies reported Q2 2026 revenue of $226M (up 8% QoQ), net income of $12M ($1.05 diluted EPS, up 169% YoY), and adjusted EBITDA of $32M (up 39% QoQ). Orders totaled $236M with 104% book-to-bill. The company raised full-year 2026 guidance: revenue $870–$910M (prior $820–$860M, +6%), adjusted EBITDA $115–$125M (prior $98–$108M, +17%), and adjusted net income $42–$52M (prior $27–$33M, +57%). Management reduced net leverage to 1.1x and repurchased $8M stock in H1 2026.
Why this rating
Strong operational leverage, 17% EBITDA guidance raise, and strategic capital return signal momentum. At $226.5M market cap, $32–37M EBITDA guidance uplift (Q3) and 13% market share gains are material.
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