Forum Energy Technologies Announces Fourth Quarter and Full Year 2023 Results and Outlook
Forum Energy Technologies, Inc. (FET)
Last forum energy technologies, inc. earnings: 2/12 08:25 pm
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US:NYSE Investor Relations:
ir.f-e-t.com
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Source: Business Wire
Full Year 2023 Highlights and 2024 GuidanceRevenue: $739 million, a 6% year-over-year increaseOrders: $724 million and book-to-bill ratio of 98%Net loss: $19 million, or diluted EPS of $1.85Adjusted EBITDA: $67 million, a 14% increase from 20222024 Adjusted EBITDA guidance: $100 - $120 million HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2023 revenue of $185 million, a $6 million increase from the third quarter. The fourth quarter net loss was $17 million, or $1.64 per diluted share, compared to third quarter net income of $8 million, or $0.77 per diluted share. Excluding $9 million of foreign exchange losses and $4 million of transaction and other nonrecurring items, cumulatively $1.25 per share, adjusted net loss was $0.39 per diluted share, compared to adjusted net income of $0.05 per diluted share in the third quarter. Fourth quarter adjusted EBITDA was $15 million, compared to $17 million for the third quarter. Free cash
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FET
Analyst Actions
- 3/1/24 - TheStreet
FET
Sec Filings
- 3/27/24 - Form S-3
- 3/27/24 - Form 8-K
- 3/27/24 - Form ARS
- FET's page on the SEC website