Forum Energy Technologies, Inc. (FET) Q1 2025 Earnings Call Transcript

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Forum Energy Technologies, Inc. ( NYSE: FET ) Q1 2025 Earnings Conference Call May 2, 2025 11:00 AM ET Company Participants Rob Kukla - Director of IR Neal Lux - President and CEO Lyle Williams - CFO Conference Call Participants Joshua Jayne - Daniel Energy Partners Dan Pickering - Pickering Energy Partners Jeff Robertson - Water Tower Research Steve Ferazani - Sidoti Dave Storms - Stonegate Operator Good morning, ladies and gentlemen, and welcome to the First Quarter 2025 Forum Energy Technologies Inc. Earnings Conference Call.

My name is Gigi, and I'll be your coordinator for today's call. There is a process for entering the question-and-answer queue. [Operator Instructions] At this time all participants are in listen-only mode and all lines have been placed on mute to prevent any background noise.



This conference call is being recorded for replay purposes and will be available on the company's website. I will now turn the conference over to Rob Kukla, Director of Investor Relations. Please proceed sir.

Rob Kukla Thank you, Gigi. Good morning everyone and welcome to FET's first quarter 2025 earnings conference call. With me today are Neal Lux, our President and Chief Executive Officer; and Lyle Williams, our Chief Financial Officer.

Yesterday, we issued our earnings release, and it is available on our website. Please note that we are relying on the safe harbor protections afforded by federal law. Listeners are cautioned that our remarks today may contain information other than historical information.

These remarks should be considered in the context of all factors that affect our business, including those disclosed in FET's Form 10-K and other SEC filings. Finally, management statements may include non-GAP financial measures. For a reconciliation of these measures, you may refer to our earnings release.

During today's call, all statements related to EBITDA refer to adjusted EBITDA. And unless otherwise noted, all comparisons are.