Houston, Texas – Forum Energy Technologies, Inc. recently held its first-quarter earnings conference call, showcasing promising financial results and strategic insights. Led by CEO Neal Lux, the company highlighted the significant impact of the Variperm acquisition, emphasizing transformative growth and enhanced value across its product portfolio.

During the conference call, Lux discussed the company’s successful revenue growth and increased EBITDA margins, attributing much of the success to the Variperm acquisition. The integration of Variperm into Forum Energy’s operations has been seamless, driving operational efficiency and expanding the company’s market reach in Canada and beyond.

Lux also touched upon the challenges and opportunities in the oil and gas industry, noting the impact of oil prices on rig and frac counts. Despite fluctuations in market activity, Forum Energy remains optimistic about future growth, reaffirming its full-year guidance and highlighting the importance of product differentiation and innovation in driving market share.

Additionally, the company shared insights into its financial performance, highlighting strong free cash flow generation and strategic debt reduction initiatives. By focusing on key financial metrics like EBITDA margins and free cash flow, Forum Energy aims to maximize shareholder value and drive sustainable growth in the coming years.

Looking ahead, Forum Energy is committed to continued product development and market expansion, leveraging its expertise and technology to meet the evolving needs of the energy industry. With a strong commitment to operational excellence and financial prudence, the company is poised for success in a dynamic and competitive market landscape.