FORUM ENERGY TECHNOLOGIES, INC. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Forum Energy Technologies reported Q3 2026 revenue of $237M (up 5% sequentially), orders of $244M with 103% book-to-bill ratio, and adjusted EBITDA of $36M (up 14%). The company raised full-year 2026 guidance: revenue $900–$920M (vs. prior $880–$910M implied), adjusted EBITDA $123–$129M (up 46% YoY), and free cash flow $66–$71M. FET acquired Premiere Torque Rings in Q3 (cash outlay $11.8M net), reducing net leverage to 0.9x.
Why this rating
Raised guidance, strong orders, and 14% EBITDA growth are material. ~18% of market cap in raised EBITDA guidance; strategic acquisition expands addressable market. Meaningful but not transformational.
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