On Tuesday, Forum Energy Technologies said their NAM completions business has become their largest revenue generator.
Completions and production/infrastructure (C&P) segment revenues contribute 80% of the global oilfield products company’ top line. Moreover, 85% of Forum’s sales are onshore and 80% come from North America (NAM).
This is a company that went public about five years ago with a different revenue profile.
We examine the rapid revenue inversion, Forum’s 2018 strategy, and discuss the completions M&A market. We also recap some other interesting points Forum made on their conference call this week.
There’s a lot more to this story…
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feature image courtesy Forum Energy Technologies