Forum Energy Technologies (FET) reported financial results for the nine months ended September 30, 2025, marked by revenue contraction and significant operational restructuring charges in the third quarter.
Financial Performance & Operational Headwinds Revenue declined year-over-year across both Q3 (down 5.6% to \(196.2M) and the nine-month period (down 4.2% to \)589.3M), attributed primarily to lower global drilling activity and tariff impacts on Valve Solutions. The Drilling and Completions segment showed severe quarterly deterioration, swinging from operating income in Q3 2024 to a $13.6
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