Short answer
FORUM ENERGY TECHNOLOGIES, INC. (FET) filed an 8-K current report with the SEC on May 1, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Q1 2026 earnings release covered quarter ended March 31, 2026, issued April 30, 2026.
FORUM ENERGY TECHNOLOGIES, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Q1 2026 earnings release covered quarter ended March 31, 2026, issued April 30, 2026
- Exhibit 99.1 contains operating results and management commentary for investor review
- Non-GAAP metrics include adjusted EBITDA, adjusted diluted EPS, free cash flow, book-to-bill, and net leverage
- Reconciliations to comparable GAAP measures included for key non-GAAP metrics
- Results are furnished under Item 2.02 and not deemed “filed” under Exchange Act Section 18
Item EX-99.1 · Exhibit EX-99.1
- Q1 revenue $208.7M, up from $193.3M; adjusted EBITDA $22.9M, with margin reaching 11.0%
- Orders $221.2M and 1.06 book-to-bill signal demand exceeding shipments and support backlog conversion
- Full-year 2026 adjusted EBITDA guidance raised to $95M-$110M, midpoint $103M, 20% above 2025
- Share repurchases returned $5M; diluted shares fell to 11.6M from 12.6M year over year
- Net leverage increased to 1.4x from 1.2x as net debt reached $121.3M, warranting balance-sheet monitoring
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