Forum Energy Technologies, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2021
May 06, 2021 at 03:22 pm EDT
Share
Forum Energy Technologies, Inc. provided earnings guidance for the second quarter of fiscal 2021. Given the increase in U.S. rig count that has already occurred in the second quarter and activity increases in international and non-oil and gas markets, company guide for second quarter revenue is between $125 and $135 million. Based on the order flow company is receiving, it expect further revenue improvement in the second half 2021.
Forum Energy Technologies, Inc. is a global company serving the oil, natural gas, industrial, and renewable energy industries. The Companyâs segments include Drilling & Downhole, Completions and Production. Its Drilling & Downhole segment designs, manufactures and supplies products and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. Its Completions segment designs, manufactures and supplies products and provides related services to the coiled tubing, well stimulation and intervention markets. Its Production segment designs, manufactures, and supplies products and provides related equipment and services for the production and infrastructure markets. It provides a range of industrial valves. The Company also manufactures customized downhole technology solutions in sand and flow control for heavy oil applications.
FORUM ENERGY TECHNOLOGIES, INC. 
