Forum Energy Q2 revenue beats expectations, raises cash flow guidance

Forum Energy Technologies

07/08/2025 21:43

Overview

Forum Energy Q2 rev rises 3% sequentially, beating analyst expectations

Net income for Q2 at $8 mln, or $0.61 per diluted share

Co raises full-year free cash flow guidance

Outlook

Forum Energy raises 2025 free cash flow guidance to $60-$80 mln

Company expects Q3 adjusted EBITDA between $19 mln and $23 mln

Forum Energy forecasts full-year adjusted EBITDA of approximately $85 mln

Strong backlog supports financial outlook despite industry slowdown

Result Drivers

STRONG BOOKINGS - Offshore defense bookings pushed backlog to highest level in over ten years

COST SAVINGS - Cost-saving initiatives and tariff mitigation efforts support adjusted EBITDA forecast

DEMAND VARIATION - Increased demand for coiled line pipe and drilling equipment offset by lower completions-related equipment demand

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$199.80 mln
$190.30 mln (2 Analysts)
Q2 Net Income
$7.70 mln
Q2 Gross Profit
$59.40 mln
Q2 Operating Expenses
$44.70 mln
Q2 Operating Income
$14.70 mln
Q2 Pretax Profit
$13.90 mln


Analyst Coverage

Wall Street's median 12-month price target for Forum Energy Technologies Inc is $24.00, about 22% above its August 6 closing price of $18.72

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw8VfLHha

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)