08:57 AM EST, 12/09/2024 (MT Newswires) -- Forum Energy Technologies ( FET ) said Monday its board approved a share buyback plan of up to $75 million.

The company said it also completed the sale and leaseback of two Texas-based manufacturing facilities for net proceeds of about $20 million.

Shares of Forum Energy ( FET ) were up nearly 18% in recent Monday premarket activity.