Forum Energy Technologies swings to Q3 2026 net profit of $11.23 million from year-earlier loss
FET•Forum Energy Technologies reported third-quarter 2026 net profit of $11.23 million, compared with a year-earlier loss. Revenue rose 21% to $236.81 million, adjusted net income reached $18.21 million, and the company raised its 2026 adjusted EBITDA outlook to $123 million-$129 million.
1. Quarterly results
Third-quarter 2026 adjusted net income rose year over year to $18.21 million. Revenue increased 21% to $236.81 million, while adjusted EBITDA rose 56% to $36.02 million.
2. Acquisition and outlook
During the quarter, Forum Energy Technologies acquired Premiere Torque Rings, which it said expands its addressable market and global growth opportunities. The company raised its full-year 2026 adjusted EBITDA guidance to $123 million-$129 million.
