Forum Energy Technologies Q1 2026 Earnings Report
Forum Energy Technologies (FET) reported Q1 2026 earnings with revenue of $209 million, up 8% year-over-year, driven by offshore and international growth. Adjusted EBITDA rose 14% to $23 million, and net income increased 300% to $6 million. The company also noted a 44% year-over-year increase in backlog to its highest level in 11 years.
Tickers: $FET
Topics: backlog cost savings earnings EBITDA international expansion net income offshore revenue orders revenue growth