Business Context and Reporting Period
Company: Forum Energy Technologies, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 5, 2012
Event: Regulation FD Disclosure regarding an upcoming presentation by Chairman and CEO Cris Gaut at the Barclays CEO Energy-Power Conference on September 6, 2012.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The report serves as a disclosure notice for a presentation containing non-GAAP financial measures (EBITDA) but does not include the actual financial data within the 8-K text itself.
Material Changes
No material changes to financial results or operations are reported in this filing. The document solely announces the dissemination of presentation materials (Exhibit 99.1) to be delivered the following day.
Guidance, Outlook, and Management Commentary
- Management Commentary: The Company states that EBITDA is a useful measure for evaluating operating performance and liquidity, reflecting resources available for strategic opportunities such as investing in the business, strengthening the balance sheet, repurchasing securities, and making acquisitions.
- Non-GAAP Measures: The accompanying presentation includes EBITDA with a reconciliation to GAAP measures. The Company notes that EBITDA is a widely used benchmark in the investment community.
- Legal Disclaimer: The information furnished, including the presentation slides, is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and will not be incorporated by reference into other filings unless specifically identified.
Investor Verification Checklist
- Verify the content of the PowerPoint presentation (Exhibit 99.1) for specific EBITDA figures and the reconciliation to GAAP net income.
- Confirm the date and time of the Barclays CEO Energy-Power Conference presentation (September 6, 2012, 2:25 p.m. EDT).
- Review the Company's most recent 10-Q or 10-K for actual GAAP financial results, as this 8-K does not contain them.