Overview

* Forum Energy ( FET ) Q2 rev rises 3% sequentially, beating analyst expectations

* Net income for Q2 at $8 mln, or $0.61 per diluted share

* Co raises full-year free cash flow guidance

Outlook

* Forum Energy ( FET ) raises 2025 free cash flow guidance to $60-$80 mln

* Company expects Q3 adjusted EBITDA between $19 mln and $23 mln

* Forum Energy ( FET ) forecasts full-year adjusted EBITDA of approximately $85 mln

* Strong backlog supports financial outlook despite industry slowdown

Result Drivers

* STRONG BOOKINGS - Offshore defense bookings pushed backlog to highest level in over ten years

* COST SAVINGS - Cost-saving initiatives and tariff mitigation efforts support adjusted EBITDA forecast

* DEMAND VARIATION - Increased demand for coiled line pipe and drilling equipment offset by lower completions-related equipment demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $199.80 $190.30

Revenue mln mln (2

Analysts

)

Q2 Net $7.70

Income mln

Q2 Gross $59.40

Profit mln

Q2 $44.70

Operatin mln

g

Expenses

Q2 $14.70

Operatin mln

g Income

Q2 $13.90

Pretax mln

Profit

Analyst Coverage

* Wall Street's median 12-month price target for Forum Energy Technologies Inc ( FET ) is $24.00, about 22% above its August 6 closing price of $18.72

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)