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Forum Energy Technologies (FET) investor relations material
Forum Energy Technologies 17th Annual Southwest IDEAS Conference summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.17th Annual Southwest IDEAS Conference summary19 Nov, 2025
Company overview and business segments
Manufactures products for Artificial and Downhole and Drilling and Completions segments, serving both operators and major oilfield service companies globally.
About half of sales are international, with 75% from activity-based consumables and 25% from capital equipment.
Consumables are high-value, wear out in 3–6 months, and drive recurring sales; capital equipment upgrades existing rigs for higher capability.
Revenue grew 15% from 2021 to 2024, with EBITDA rising from $20M to $100M and margins tripling to 12%.
Financial performance and value proposition
Five-year annualized stock return of 19% vs. 10% for the Russell; one-year return of 73% vs. 9%.
Revenue growth nearly double the Russell 2000, with 73% CAGR in cash flow.
Cash flow yield is four times higher than the Russell 2000; lower leverage at one-third the Russell's level.
50% of free cash flow used to reduce net debt, which fell from $344M in 2019 to $114M in Q3 2024.
7% of shares repurchased since October, with ongoing capital returns and strategic investments.
Growth strategy and market positioning
Focuses on targeted markets with limited competition and differentiated products, leveraging decades-old brands and industry expertise.
Continuous innovation based on field feedback extends market leadership and opens new markets.
Global manufacturing and distribution footprint enables rapid response and minimizes tariff impacts.
Beat the market strategy since 2022 increased average revenue per rig by 20%.
Strategy for internationalizing successful US products
Nature of competitive advantage in specialized products
Capital allocation strategy post-debt reduction
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Next Forum Energy Technologies earnings date
Q4 202520 Feb, 2026
Next Forum Energy Technologies earnings date
Q4 202520 Feb, 2026
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Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
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Frequently asked questions
Forum Energy Technologies Inc. is an energy company that designs, manufactures, and supplies equipment and technology solutions for the oil and gas industry. Its offerings include products for drilling, production, subsea operations, and well construction, as well as related aftermarket services. The company is headquartered in Houston, Texas, and its shares are listed on the NYSE.
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