Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $19.93 USD
Change Today +0.07 / 0.35%
Volume 747.0K
FET On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 03/26/15 All times are local (Market data is delayed by at least 15 minutes).

forum energy technologies in (FET) Snapshot

Open
$20.20
Previous Close
$19.86
Day High
$20.39
Day Low
$19.47
52 Week High
07/24/14 - $37.03
52 Week Low
01/29/15 - $14.96
Market Cap
1.8B
Average Volume 10 Days
735.8K
EPS TTM
$1.88
Shares Outstanding
89.9M
EX-Date
--
P/E TM
10.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for FORUM ENERGY TECHNOLOGIES IN (FET)

Related News

No related news articles were found.

forum energy technologies in (FET) Related Businessweek News

No Related Businessweek News Found

forum energy technologies in (FET) Details

Forum Energy Technologies, Inc. designs, manufactures, and distributes products to the oil and natural gas industry in the United States and internationally. The company operates in two segments, Drilling & Subsea, and Production & Infrastructure. The Drilling & Subsea segment designs and manufactures products, and provides related services to the subsea construction, drilling, well construction, completion, and intervention markets. This segment also offers subsea technologies, including robotic vehicles and other capital equipment, specialty components and tooling, complementary subsea technical services and rental items, and applied products for subsea pipelines; drilling technologies consisting of capital equipment and a line of products consumed in the drilling and well intervention process; and down hole technologies comprising cementing and casing tools, completion products, and down hole protection solutions. The Production & Infrastructure segment designs and manufactures products, and provides related equipment and services to the well stimulation, production, and infrastructure markets. This segment supplies flow equipment, such as well stimulation consumable products, and related recertification and refurbishment services; production equipment, including well site production equipment and process equipment; and valve solutions comprising a range of industrial and process valves. The company is headquartered in Houston, Texas.

3,900 Employees
Last Reported Date: 02/27/15

forum energy technologies in (FET) Top Compensated Officers

Chairman of the Board, Chief Executive Office...
Total Annual Compensation: $626.7K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $363.9K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $331.6K
Vice President of Corporate Strategy and Trea...
Total Annual Compensation: $259.8K
Compensation as of Fiscal Year 2013.

forum energy technologies in (FET) Key Developments

Forum Energy Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015; Provides Capital Expenditure Guidance for Full Year 2015

Forum Energy Technologies, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company's revenue was $438.7 million compared to $393.7 million a year ago. Operating income was $64.8 million compared to $57.3 million a year ago. Profit before income taxes was $15.7 million compared to $14.1 million a year ago. Net income was $46 million compared to $34.6 million a year ago. Net income attributable to common stockholders was $46 million or $1.49 per diluted share compared to $34.6 million or $0.36 per diluted share a year ago. Adjusted total operating income was $67.9 million compared to $59 million a year ago. Total EBITDA was $84.7 million compared to $72.8 million a year ago. Adjusted Total EBITDA was $83.9 million compared to $75.7 million a year ago. Capital expenditures were $12.4 million in the quarter. For the year, the company's revenue was $1,739.7 million compared to $1,524.8 million a year ago. Operating income was $268 million compared to $209.6 million a year ago. Profit before income taxes was $242.4 million compared to $186.1 million a year ago. Net income was $174.3 million compared to $129.6 million a year ago. Net income attributable to common stockholders was $174.3 million or $1.83 per diluted share compared to $129.6 million or $1.37 per diluted share a year ago. Net cash provided by operating activities was $270 million against $211.4 million a year ago. Capital expenditures for property and equipment were $53.8 million against $60.3 million a year ago. Adjusted total operating income was $274.9 million compared to $220.7 million a year ago. Adjusted total EBITDA was $339.8 million compared to $281.6 million a year ago. Total EBITDA was $337.4 million compared to $265.1 million a year ago. Free cash flow was a record $219 million, and adjusted EBITDA for the year excluding non-operational items was a record $340 million, or 19.5% of revenue. Capital expenditures were $54 million for the full year. For the first quarter of 2015, the company expects diluted earnings per share of $0.27 to $0.33. For the year 2015, the company remain focused on generating free cash flow, protecting margins, improving operational performance, and executing acquisition strategy. The company reduced budget for 2015 capital expenditures to approximately $35 million. Depreciation and amortization expense was $16.3 million for the quarter and was $65 million for the full year and will be the same in 2015. The company expects full year tax rate for 2015 will be approximately 28%.

Forum Energy Technologies Mulls Acquisition

Forum Energy Technologies, Inc. (NYSE:FET) is seeking acquisitions. Cris Gaut, Chairman and Chief Executive Officer of Forum Energy Technologies, said at fourth quarter 2014 results announcement, "For 2015, we remain focused on generating free cash flow, protecting margins, improving operational performance, and executing our acquisition strategy. In that regard, we are pleased with our recent acquisition of J-Mac, a manufacturer of pressure pumping equipment and consumable products, which will begin to contribute to our results in the first quarter."

Forum Energy Technologies, Inc., Q4 2014 Earnings Call, Feb 12, 2015

Forum Energy Technologies, Inc., Q4 2014 Earnings Call, Feb 12, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FET:US $19.93 USD +0.07

FET Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Frank's International NV $17.55 USD +0.10
Helix Energy Solutions Group Inc $14.54 USD +0.24
Honghua Group Ltd $0.91 HKD 0.00
McDermott International Inc $3.73 USD -0.08
RPC Inc $12.80 USD +0.13
View Industry Companies
 

Industry Analysis

FET

Industry Average

Valuation FET Industry Range
Price/Earnings 10.9x
Price/Sales 1.1x
Price/Book 1.3x
Price/Cash Flow 10.2x
TEV/Sales 0.7x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FORUM ENERGY TECHNOLOGIES IN, please visit www.f-e-t.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.