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Stock impact report

Forum Energy to delay earnings release, sees FY 2023 preliminary revenue $739M [Seeking Alpha]

Forum Energy Technologies, Inc. (FET) 
Last forum energy technologies, inc. earnings: 2/12 08:25 pm Check Earnings Report
US:NYSE Investor Relations: ir.f-e-t.com
Company Research Source: Seeking Alpha
any potential impact to income tax and net income from adjusting valuation allowance reserves in an international jurisdiction; it does not expect any meaningful impact to revenue, adjusted EBITDA, or free cash flow. Forum Energy ( FET ) issued preliminary Q4 results of $185M in revenues, up 3.3% Q/Q, adjusted EBITDA of $15M-$17M and free cash flow of $9M. For FY 2023, the company issued preliminary results of $739M in revenues, up 6% Y/Y, adjusted EBITDA of $67M-$69M and $724M in orders. For FY 2024, Forum Energy ( FET ) forecast adjusted EBITDA of $100M-$120M and free cash flow of $40M-$60M, assuming a flat global market during the yea; for Q1, the company guided for revenues of $200M-$220M and adjusted EBITDA of $23M-$27M. Recommended For You Recommended For You About FET Stock Related Stocks Trending Analysis Trending News Show less Read more
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