Comparing the current results to its competitors, Forum Energy Technologies Inc reported Revenue increase in the 1 quarter 2026 by 7.82 % year on year. The revenue growth was below Forum Energy Technologies Inc 's competitors' average revenue growth of 11.8 %, achieved in the same quarter.
Forum Energy Technologies Inc Net Income in the 1 quarter 2026 grew year on year by 300.36%, faster than the Forum Energy Technologies Inc 's competitors average income growth of 25.24 %
Forum Energy Technologies Inc 's Comment on Competition and Industry Peers
The company operates in highly competitive markets with no single competitor across all product lines. Its competitors include large national and multinational firms as well as smaller regional or local companies. Notable multinational competitors include NOV Inc., Tenaris S.A., Baker Hughes, SLB, TechnipFMC plc, and Weatherford International PLC.
July 18, 2024
Forum Energy Technologies, a leading global oilfield products company, has made a significant announcement regarding the redemption of its 9.000% Convertible Senior Secured Notes due 2025. The company plans to redeem $60 million in aggregate principal amount of these notes at par on August 16, 2024, potentially reshaping its financial portfolio.Despite this redemption plan, Forum Energy Technologies reported promising results for the second quarter of 2024. The company anticipates cash flows from operating activities ranging between $23 million and $25 million during this period. Additionally, Forum Energy Technologies repurchased approximately $13 million of the 2025 Notes at a discount to par, indicating ...
July 17, 2024
Forum Energy Technologies Inc., a leading oilfield products and equipment provider, has recently announced its plans to redeem $60 million of its 9.000% Convertible Senior Secured Notes due 2025. This move comes as the company witnesses a steady increase in its market share, despite a challenging competitive landscape. With an optimistic cash flow outlook for Q2 2024, Forum Energy Technologies Inc. is positioning itself for further growth and success.Redemption of Convertible Senior Secured Notes:Forum Energy Technologies Inc. is set to redeem $60 million worth of its 2025 Notes at their par value on August 16, 2024. The company had strategically repurchased approximately $13 million of the 2025 Notes at a d...
Publicly Traded Peers of Forum Energy Technologies Inc
General Electric Company Share Performance
+1.46%
This Year
General Electric Company
Profile
General Electric Companys business model centers on industrial operations, creating and delivering advanced technologies, products, and services across sectors such as power generation, aviation, healthcare, and renewable energy. The company emphasizes innovation and sustainability, aiming to enhance performance and efficiency for customers while tackling pressing societal and environmental issues.
Expro Group Holdings N.V. operates as an oil and gas service company with a focus on well flow management. Their business model involves offering a comprehensive range of products, technologies, and services to support the complete lifecycle of oil and gas wells. This includes well testing, well intervention, subsea, and surface wellhead systems, helping their clients optimize production and recover reserves from their assets.
Rpc Inc operates as an oilfield services company, providing a wide range of technical services and equipment to the oil and gas industry. The company's business model revolves around offering drilling and production services, along with specialized tools and equipment for well construction, intervention, and completion. Rpc Inc aims to maximize customer satisfaction by delivering cost-effective solutions that improve operational efficiency and minimize downtime in the oil and gas sector.
Baker Hughes Company is a multinational energy technology firm that supplies equipment, services, and digital solutions across the oil and gas industry. Their business model encompasses the upstream, midstream, and downstream sectors, offering products for exploration, drilling, completion, and production activities.
Ncs Multistage Holdings Inc operates as a technology and services provider for the oil and natural gas industry. Their business model revolves around delivering innovative solutions and expertise in well completions and production optimization to optimize oil and gas recovery rates for their clients.
Sources:
Forum Energy Technologies Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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