Forum Energy Technologies, Inc. (FET) CEO Neal Lux on Q2 2022 - Earnings Call Transcript

Forum Energy Technologies, Inc. (NYSE:FET) Q2 Earnings Conference Call August 5, 2022 11:00 AM ET

Company Participants

Lyle Williams - CFO
Neal Lux - President and CEO

Conference Call Participants

John Daniel - Daniel Energy Partners
Daniel Pickering - Pickering Energy Partners
Peter Ehret - ERS

Operator

Good morning, ladies and gentlemen, and welcome to the Forum Energy Technologies Second Quarter 2022 Earnings Conference Call. My name is Lilia, 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 will now turn the conference over to Lyle Williams, Chief Financial Officer. Please proceed sir.

Lyle Williams

Thank you, Lilia. Good morning, and welcome to FET’s second quarter 2022 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. During today’s call, all statements related to EBITDA refer to the adjusted EBITDA. This call is being recorded, and a replay of the call will be available on our website.

I will now turn the call over to Neal.

Neal Lux

Thank you, Lyle. We just wrapped up a great quarter with a lot of highlights. Second quarter bookings were over $200 million the highest since