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FORUM ENERGY TECHNOLOGIES INC

For the period ended Sep 30, 2024. Filed Nov 1, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 1, 2024

FET$71.27+2.3%Stored close · as of Nov 9, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30, 2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________ to __________

Commission File Number 001-35504

FORUM ENERGY TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

Delaware61-1488595
(State or other jurisdiction of(I.R.S. Employer Identification No.)
incorporation or organization)
10344 Sam Houston Park DriveSuite 300HoustonTexas77064
(Address of Principal Executive Offices)(Zip Code)
(281)949-2500

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stockFETNew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes þ Noo

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes þ Noo

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reporting company, and emerging growth company in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☑
Non-accelerated filer☐Smaller reporting company☑
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐ Noþ

As of October 25, 2024, there were 12,283,670 common shares outstanding.

PART I - FINANCIAL INFORMATION4
Item 1. Financial Statements (Unaudited)4
Condensed consolidated statements of comprehensive income (loss)4
Condensed consolidated balance sheets5
Condensed consolidated statements of cash flows6
Condensed consolidated statements of changes in stockholders’ equity7
Notes to condensed consolidated financial statements9
Item 2. Management's discussion and analysis of financial condition and results of operations22
Item 3. Quantitative and qualitative disclosures about market risk32
Item 4. Controls and procedures33
PART II - OTHER INFORMATION34
Item 1. Legal proceedings34
Item 1A. Risk factors34
Item 2. Unregistered sales of equity securities and use of proceeds34
Item 3. Defaults Upon Senior Securities34
Item 4. Mine Safety Disclosures34
Item 5. Other Information34
Item 6. Exhibits35
SIGNATURES36
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.