Forum Energy Technologies

Neal Lux serves as President and Chief Executive Officer, leading the company's global operations. Lyle Williams is the Executive Vice President and Chief Financial Officer. Both executives represent FET at investor conferences, including the Emerging Growth Conference in March 2026 (per firm press release).

FET sells engineered products and integrated solutions across three main segments: subsea technologies, drilling equipment, and production systems. Revenue is booked through direct sales of manufactured components and aftermarket services. In Q1 2026, the firm reported $209 million in revenue on $221 million in orders (per firm, Q1 2026 earnings).

While the company historically serves oil and gas operators, its product lines increasingly support renewable energy infrastructure, including components used in offshore wind and industrial decarbonization applications. FET markets its technologies as enhancing efficiency and sustainability across the broader energy spectrum.

FET operates manufacturing and service facilities across multiple continents. Key production and service locations include Houston and Odessa, Texas; Calgary and Edmonton, Alberta; Aberdeen, Scotland; Newcastle upon Tyne, UK; Dubai, UAE; Dammam, Saudi Arabia; Suzhou, China; and Monterrey, Mexico.

No. Forum Energy Technologies is a publicly traded corporation listed on the New York Stock Exchange under the ticker FET. It is not backed by private equity sponsors and operates under public-market governance and disclosure requirements.

FET has grown through consolidating established oilfield equipment brands, including Global Tubing, PBV, and Davis-Lynch. The company presents these brands as a unified portfolio under the FET umbrella, each contributing specialized expertise in drilling, completions, and production equipment.

In Q1 2026, FET reported orders of $221 million, a book-to-bill ratio of 106%, and revenue of $209 million. Net income was $4 million with adjusted EBITDA of $23 million. The company raised its full-year 2026 adjusted EBITDA guidance to a range of $95 to $110 million (per firm, May 2026).