Curated News
By: NewsRamp Editorial Staff
February 24, 2025
Stonegate Capital Partners Updates Coverage on Forum Energy Technologies, Inc. with Q4 Results
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- FET's strong performance includes revenue of $201.0M, but GPM slightly below expectations, presenting opportunities for strategic investment and market share gains.
- FET's revenue, adj EBITDA, and adj net income reported, with details on segment performance, debt refinancing, and cash flows, leading to guidance for 2025.
- FET's successful debt refinancing and focus on net debt reduction and strategic investments demonstrate a commitment to financial stability and market growth.
- FET's strong cash flow performance, guidance for 2025, and valuation analysis provide insights into the company's financial health and market positioning.
Impact - Why it Matters
This news provides insights into FET's financial performance and strategic initiatives, offering a glimpse into the challenges faced by the Drilling and Completions segment and the successes of the Artificial Lift and Downhole segment. Investors and industry stakeholders can use this information to assess FET's market positioning and growth prospects.
Summary
Stonegate Capital Partners updates their coverage on Forum Energy Technologies, Inc. (NYSE: FET), reporting revenue, adj EBITDA, and adj net income figures. The Drilling and Completions segment saw a decline in revenue due to reduced sales in capital equipment, wireline cable, and coiled tubing. Conversely, the Artificial Lift and Downhole segment experienced a strong quarter with revenue growth driven by increased demand for artificial lift products.
Source Statement
This curated news summary relied on this press release disributed by Reportable. Read the source press release here, Stonegate Capital Partners Updates Coverage on Forum Energy Technologies, Inc. with Q4 Results
