NYSE$FET
Forum Energy Technologies Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Announced third quarter 2022 results, showing revenue increase and improved profitability.
Forum Energy Technologies reported a 6% sequential increase in revenue to $182 million. Net income was $16.5 million, with diluted EPS of $1.82. Adjusted EBITDA reached $17.8 million, a 15% sequential increase. The company confirmed its full-year 2022 Adjusted EBITDA guidance at the top end of the $50 to $60 million range.
- Revenue reached $182 million, a 6% sequential increase.
- Orders totaled $198 million with a book-to-bill ratio of 1.09.
- Net income was $16.5 million, and diluted EPS was $1.82.
- Adjusted EBITDA increased to $17.8 million, a 15% sequential rise.
Headline financials
Revenue & EPS history
Forum · Revenue · Quarterly
$182M
Revenue by segment
Forum · $209M total across 2 segments · Q1 2026
- Drilling and Completions$127M—60.7%
- Artificial Lift and Downhole$82.1M—39.3%
Forward guidance
The company expects second half 2022 free cash flow to be between $30 and $40 million and full year Adjusted EBITDA to be near the top end of the $50 to $60 million guidance range.
Tailwinds
- Conditions and activity within FET’s operating markets continue to strengthen.
- Seeing demand growth for differentiated portfolio of consumable and capital products.
- Demand is driven by increasing U.S., international, and offshore activity.
- Expect further revenue growth.
- Expect margin expansion and free cash flow generation.
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 Q3 2022
+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
| Quarter | Report date | Reaction (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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