Forum Energy Technologies swings to Q3 2026 net profit of $11.23 million from year-earlier loss

Bitget2026/10/29 21:20

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Forum Energy Technologies’ third-quarter 2026 adjusted net income rose year over year to $18.21 million.
Revenue rose 21% year over year to $236.81 million, while adjusted EBITDA increased 56% to $36.02 million.
The group acquired Premiere Torque Rings during the quarter, expanding its addressable market and global growth opportunities.
Full-year 2026 guidance was raised, with adjusted EBITDA projected at $123 million to $129 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forum Energy Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261029343696) on October 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Forum Energy Technologies swings to Q3 2026 net profit of $11.23 million from year-earlier loss

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