HOUSTON, July 15, 2013 (GLOBE NEWSWIRE) -- Forum Energy Technologies, Inc. (NYSE:FET) announced today that, based on currently available information, the company now expects second quarter 2013 diluted earnings per share to be in the range of $0.32 to $0.34 per share. This is below the company's previous guidance range of $0.35 to $0.40.
Cris Gaut, Chairman and Chief Executive Officer of Forum commented, "Our second quarter results were roughly flat with our first quarter results as we experienced slack demand for our consumable drilling products and flow equipment products."
Forum will discuss the final results of the second quarter in detail during its previously announced second quarter earnings conference call on July 26, 2013, beginning at 9:00 a.m. CDT.
Forum Energy Technologies, Inc., headquartered in Houston, Texas, is a global provider of manufactured technologies and applied products to the energy industry. Forum's over 3,500 employees provide the products and technologies essential to solving the increasingly complex challenges of the subsea, drilling, completion, and production sectors of the oil and gas industry. For more information, please visit www.f-e-t.com.
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