NYSE$FET

Forum Energy Technologies Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Announced second quarter 2020 results with revenue of $113 million and a net loss of $(5) million.

Forum Energy Technologies reported a second quarter 2020 revenue of $113 million, a decrease of $69 million from the first quarter 2020. Net loss for the quarter was $5 million, or $0.05 per diluted share.

  • Revenue of $113 million.
  • Net loss of $(5) million and diluted EPS of $(0.05).
  • Adjusted EBITDA of $(11.6) million.
  • Cash flow from operations of $(3.6) million and free cash flow after capital expenditures of $(3.5) million.

Headline financials

Total Revenue

$113M

Previous: $246M-53.9%
EPS (adj)

-$5.80

Previous: -$1.60-262.5%
Capital Expenditures

-$1.54M

Previous: -$9.27M+83.4%
Free Cash Flow

-$7.03M

Previous: -$23M+69.4%
Net Income

-$5.49M

Previous: -$13.7M+60.0%
Operating Income

-$35M

Previous: $736K-4858.4%
Gross Profit

$12.9M

Previous: $63.2M-79.6%
Cash & Equivalents

$110M

Previous: $37.4M+193.5%
Total Assets

$1.07B

Previous: $1.82B-41.4%
Stock-Based Comp

$2.54M

Previous: $4.35M-41.7%

Revenue & EPS history

Forum · Revenue · Quarterly

$113M

Q2 2020-53.9%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Forum · $209M total across 2 segments · Q1 2026

  • Drilling and Completions
    $127M
  • Artificial Lift and Downhole
    $82.1M

Forward guidance

Forum now has ample runway to take advantage of the opportunities a market recovery will present.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+0.4%

Avg return

Earnings day

+1.5%

Avg return

5 days after

-0.5%

Avg return

30 days after

52%

32 / 61 earnings

Positive

+22.0%

Q1 2020

Best reaction

-22.2%

Q4 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-10.5%+3.4%-8.6%
Q4 2025+9.3%+11.3%+6.1%
Q3 2025-10.4%-9.9%-2.5%
Q1 2025-1.5%-9.2%-2.6%
Q4 2024-3.7%-2.8%+8.1%
Q3 2024-0.4%+7.5%+8.8%
Q2 2024-10.2%-13.2%-6.0%
Q1 2024+0.2%+3.6%-1.3%
Q4 2023-1.2%+6.0%+5.9%
Q3 2023+8.5%+2.7%+3.4%
Q2 2023-7.4%-9.7%-9.3%
Q1 2023+5.2%+6.9%+16.3%
Q4 2022-7.4%-5.8%-27.4%
Q3 2022+3.1%+9.1%+7.7%
Q2 2022+14.0%+21.7%+31.2%
Q1 2022-5.0%-12.5%+11.7%
Q4 2021-1.7%+7.5%+20.0%
Q3 2021-2.5%-6.5%-27.5%
Q2 2021+0.7%+4.4%+1.1%
Q1 2021+13.6%+12.1%+31.9%
Q4 2020+6.0%+13.1%+2.0%
Q3 2020-5.2%-2.8%+48.9%
Q2 2020-15.4%-13.2%-1.9%
Q1 2020+22.0%+23.7%+36.8%
Q4 2019+10.7%-1.0%-58.3%
Q3 2019+4.2%+16.1%-3.4%
Q2 2019-2.1%+7.8%-34.6%
Q1 2019+11.1%+8.3%-21.2%
Q4 2018+11.2%+29.3%-4.2%
Q3 2018+2.2%+2.1%-16.5%
Q2 2018+13.4%+1.7%+4.7%
Q1 2018+6.7%+10.3%+12.3%
Q4 2017-22.2%-24.5%-20.5%
Q3 2017+8.3%+4.8%+4.9%
Q2 2017-13.4%-14.1%-31.0%
Q1 2017-11.7%-18.3%-13.8%
Q4 2016-6.6%-9.8%-17.4%
Q3 2016-6.8%-8.3%+5.3%
Q2 2016+2.4%+6.0%+20.1%
Q1 2016+9.3%
Q4 2015+1.4%
Q3 2015+6.2%
Q2 2015-17.5%
Q1 2015+6.6%
Q4 2014+12.9%
Q3 2014+0.8%
Q2 2014-3.6%
Q1 2014+1.6%
Q4 2013+2.3%
Q3 2013-3.3%
Q2 2013-4.2%
Q1 2013-3.0%
Q4 2010-0.3%
Q4 2012+4.0%
Q3 2011-3.8%
Q3 2012+1.9%
Q2 2011+1.1%
Q2 2012+4.7%
Q1 2011-1.5%
Q4 2011-1.5%
Q1 2012+4.2%
Q3 2010

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