Forum Energy Technologies Announces First Quarter 2026 Results

Forum Energy Technologies, Inc. reported first quarter 2026 results with revenue of $209 million and net income of $4 million ($0.39 per diluted share). Adjusted net income was $6 million ($0.47 per diluted share) after excluding restructuring costs. The company announced orders of $221 million, resulting in a book-to-bill ratio of 106%. Adjusted EBITDA was $23 million. Forum Energy Technologies is raising its full-year 2026 adjusted EBITDA guidance to $95 - $110 million, with the midpoint increased to $103 million. The Drilling and Completions segment generated $127 million in revenue with a 107% book-to-bill ratio, while the Artificial Lift and Downhole segment reported $82 million in revenue with a 104% book-to-bill ratio. The company returned $5 million to shareholders through share repurchases.