Forum Energy Technologies Announces First Quarter 2024 Results, Benefits from Variperm Acquisition [Yahoo! Finance]
Forum Energy Technologies, Inc. (FET)
Last forum energy technologies, inc. earnings: 2/12 08:25 pm
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Source: Yahoo! Finance
Adjusted EBITDA: $26 million, 69% sequential increase Operating cash flow and free cash flow: $5 million and $2 million, respectively Reaffirms full year 2024 guidance: $100 to $120 million in EBITDA and $40 to $60 million in free cash flow HOUSTON, May 02, 2024 BUSINESS WIRE )--Forum Energy Technologies, Inc. (NYSE: FET) today announced first quarter 2024 revenue of $202 million, a 9% sequential increase. Orders grew 28% sequentially to $204 million, with a book-to-bill ratio of 101%. The first quarter 2024 net loss was $10 million, or $0.85 per diluted share, compared to a net loss of $17 million, or $1.64 per diluted share, for the fourth quarter 2023. First quarter 2024 special items, on a pre-tax basis, included $6 million of transaction expenses related to the Variperm acquisition, $2 million of restructuring and other costs, and $1 million of foreign exchange loss. Excluding special items of $0.73 per diluted share, the quarter's adjusted net loss was $0.12 per diluted
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- Forum Energy Technologies, Inc. (NYSE:FET) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Forum Energy Technologies First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
FET
Earnings
- 5/2/24 - Beat
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Analyst Actions
- 3/1/24 - TheStreet
FET
Sec Filings
- 5/15/24 - Form 8-K
- 5/8/24 - Form 8-K
- 5/3/24 - Form 10-Q
- FET's page on the SEC website