Forum Energy Technologies Inc - Company Profile

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Forum Energy Technologies Inc: Overview

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Forum Energy Technologies Inc (FET) is an energy equipment provider that carries out the design, manufacturing, and distribution of engineered capital equipment and consumable products. It also provides aftermarket services, parts supply, and related services complementing its product offering. The company's product line includes drilling manifold systems, high-pressure piping packages, downhole protection systems, casing and cementing tools, subsea vehicles, coiled tubing strings, cranes, and related products. FET serves oil and natural gas operators, oilfield service companies, land and offshore drilling contractors, pipeline, and refinery operators, and subsea construction and service companies. It operates in the Americas, Europe, the Middle East, and Asia Pacific. FET is headquartered in Houston, Texas, the US.

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Headquarters United States of America
Address 10344 Sam Houston Park Drive, Suite 300, Texas, 77064
Website www.f-e-t.com
Telephone 1 281 9492500
No of Employees 1,600
Industry Energy and Utilities
Ticker Symbol & Exchange FET (NYSE)
Revenue (2023) $738.9M
EPS XYZ
Market Cap* $239.3M
Net Profit Margin (2023) XYZ -581.1%
   
* As of and is in US$
View Forum Energy Technologies Inc financials
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Products and Services

Products Services Brands
Drilling: Refurbishment Syntech
Pipe Handling Equipment Recertification Wrangler Roughneck
Mud SystemsFluid End Systems B+V Oil Tools and Wrangler
XYZ XYZ
XYZ XYZ
XYZ XYZ
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2024 Acquisitions/Mergers/Takeovers In January, the company acquired Variperm Energy Services.
2023 Regulatory Approval In December, the company secured approval from the Canadian Competition Bureau to acquire Variperm Energy Services.
2023 Contracts/Agreements In March, the company received an approximately US$25 million contract for the design, engineering, and supply four electrostatic desalter systems for an onshore project at the Safaniyah oil field in Saudi Arabia.
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Competitor Comparison

Key Parameters Forum Energy Technologies Inc Caterpillar Inc Tenaris SA NOV Inc TechnipFMC Plc
Headquarters United States of America United States of America Luxembourg United States of America United Kingdom
City Houston Irving Luxembourg Houston London
State/Province Texas Texas - Texas England
No. of Employees 1,600 113,200 25,292 33,676 22,762
Entity Type Public Public Public Public Public
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Executives
Name Position Board Since Age
C. Christopher Gaut Chairman Executive Board 2018 66
Neal Lux Chief Executive Officer; President; Director Executive Board 2022 47
D. Lyle Williams, Jr Executive Vice President; Chief Financial Officer Senior Management 2020 53
John C. Ivascu Chief Compliance Officer; Executive Vice President; Secretary; General Counsel Senior Management 2020 45
Michael D. Danford Chief Human Resources Officer; Senior Vice President Senior Management 2015 60
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
Non Dignissim Eros Proin vel Convallis 2024 XY
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