Forum Energy Technologies, Inc. Provides Consolidated Earnings Guidance for the Second Quarter of 2022
May 06, 2022 at 03:03 am IST
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Forum Energy Technologies, Inc. provided consolidated earnings guidance for the second quarter of 2022. For the quarter, the company expects revenue to be between $160 million and $170 million.
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.