Forum Energy Technologies' (FET) CEO Cris Gaut on Q3 2019 Results - Earnings Call Transcript

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Q3: 2019-10-25 Earnings Summary

EPS of -$96.60 misses by $95.65
 | Revenue of $239.30M (-10.37% Y/Y) misses by $5.56M

Forum Energy Technologies, Inc. (NYSE:FET) Q3 2019 Earnings Conference Call October 25, 2019 10:00 AM ET

Company Participants

Mark Conlon – Director-Investor Relations
Cris Gaut – Chairman and Chief Executive Officer
Pablo Mercado – Chief Financial Officer
Lyle Williams – Senior Vice President-Operations

Conference Call Participants

Sean Meakim – JP Morgan
James West – Evercore ISI
George O'Leary – Tudor, Pickering, Holt & Company
J.B. Lowe – Citi
John Watson – Simmons Energy
Daniel Pickering – Pickering Energy Partners
Matt Dushkin – Bank of America

Operator

Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies Third Quarter 2019 Earnings Conference Call. My name is Michelle, and I will be your coordinator for today's call. At this time all participants are in a listen-only mode. And all lines have been place on mute to prevent any background noise. [Operator Instructions]

I will now turn the conference over to Mark Conlon, Director of Investor Relations. Please proceed, sir.

Mark Conlon

Thank you, Michelle. Good morning and welcome to Forum Energy Technologies Third Quarter 2019 Earnings Conference Call. With us today to present formal remarks are Cris Gaut, Forum's Chairman and Chief Executive Officer; as well as Pablo Mercado, our Chief Financial Officer; and Lyle Williams, Senior Vice President of Operations. We issued our earnings release last night, and it is available on our website.

The statements made during this conference call, including the answers to your questions, may include forward-looking statements. These statements involve risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied in such statements.

Those risks include, among other things, matters that we have described in our earnings release and in our filings with the Securities and Exchange Commission. We do not undertake any ongoing obligation other than that imposed by

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