Forum Energy Technologies at EnerCom Denver: growth plan in focus

Forum Energy Technologies (FET) recently presented its growth strategy at the EnerCom Denver conference, highlighting strong revenue growth, a lean capital model, and a healthier balance sheet. CFO Lyle Williams emphasized the company's outperformance against small-cap peers, with a 10% five-year revenue compound annual growth rate compared to 7% for the Russell 2000, and a 46% annual cash flow growth rate.

The company's valuation profile is also attractive, with a free cash flow yield of 17% and lower EV/EBITDA and price-to-sales multiples than its peer group. FET's business operates in two main segments - artificial lift and downhole equipment, and drilling and completions equipment - serving the upstream energy industry and generating nearly 80% of revenue from activity-based consumables.

The company's strategy focuses on maintaining a competitive edge in markets with limited competition and high barriers to entry.

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