Forum Energy Technologies, Inc. (FET) CEO Neal Lux on Q4 2021 Results - Earnings Call Transcript

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Q4: 2022-02-28 Earnings Summary

EPS of -$3.46 misses by $2.66
 | Revenue of $148.10M (31.06% Y/Y) misses by $1.90M

Forum Energy Technologies, Inc. (NYSE:FET) Q4 2021 Results Conference Call March 1, 2022 11:00 AM ET

Company Participants

Lyle Williams - Chief Financial Officer
Neal Lux - President & Chief Executive Officer

Operator

Good morning, ladies and gentlemen and welcome to the Forum Energy Technologies Fourth Quarter 2021 Earnings Conference Call. My name is Liz, and I will be your coordinator for today's call.

[Operator Instructions] As a reminder, this conference call is being recorded for replay purposes. I would now like to turn the conference over to Lyle Williams, Chief Financial Officer. Please proceed, sir.

Lyle Williams

Thank you, Liz. Good morning, and welcome to Forum Energy Technologies’ Full Year and Fourth Quarter 2021 Earnings Conference Call. With me today is Neal Lux, our President and Chief Executive Officer. We issued our earnings release after the market closed yesterday, and it is available on our website.

Before we begin, we would like to caution listeners regarding forward-looking statements. Our remarks today may contain information other than historical information. Please note that we are relying on the safe harbor protections afforded by federal law. All such remarks should be considered in the context of the many factors that affect our business, including those disclosed in our Form 10-K along with other SEC filings.

Management's statements may include non-GAAP financial measures. For a reconciliation of these measures, refer to our earnings release. This call is being recorded, and a replay of the call will be available on our website for 2 weeks.

I will now turn the call over to Neal.

Neal Lux

Thank you, Lyle. I want to start off this morning by thanking our Executive Chairman, Chris Gaut. He's been a great mentor to me and the executive team.

Chris [Technical Difficulty] company since its inception and his leadership has positioned

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