Vmbook Online ordering

Forum

**General Information**

**Company Name:** Forum Energy Technologies, Inc.

**Stock Symbol:** FET (NYSE)

**Industry:** Oil and Gas Equipment and Services

**Financial Performance**

**Earnings per Share (EPS):**

* Q1 2023: $0.36

* Q4 2022: $0.33

* Q3 2022: $0.28

**Revenue:**

* Q1 2023: $345.6 million

* Q4 2022: $348.4 million

* Q3 2022: $326.6 million

**Growth Metrics:**

* **Revenue Growth (YoY):**

* Q1 2023: 10.7%

* Q4 2022: 11.8%

* Q3 2022: 13.6%

* **EPS Growth (YoY):**

* Q1 2023: 15.4%

* Q4 2022: 23.1%

* Q3 2022: 10.0%

**Other Key Metrics:**

* **Market Capitalization:** $1.3 billion

* **Dividend Yield:** 0.9%

* **Price-to-Earnings Ratio (P/E):** 15.6

* **Price-to-Book Ratio (P/B):** 2.1

**Business Overview**

Forum Energy Technologies provides specialized equipment and services to the global oil and gas industry. The company's products include drilling tools, wellhead systems, and production equipment. Forum operates in North America, Europe, the Middle East, and Asia-Pacific.

**Recent Developments**

* In March 2023, Forum announced a strategic partnership with Baker Hughes to develop and commercialize next-generation drilling technologies.

* The company has been investing in its digital capabilities, including the launch of its "Forum Connect" platform for remote monitoring and data analytics.

* Forum is benefiting from the recovery in oil and gas activity, driven by increasing demand and higher commodity prices.

**Outlook**

Forum Energy Technologies expects continued growth in 2023, driven by strong demand for its products and services. The company is also focusing on cost optimization and operational efficiency to improve its profitability.