Forum Energy Technologies to Delay Issuance of Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call; Provides Preliminary Results and 2024 Guidance
Forum Energy Technologies, Inc. (FET)
Last forum energy technologies, inc. earnings: 2/12 08:25 pm
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Source: Business Wire
Preliminary Full Year 2023 ResultsRevenue: $739 million, a 6% year-over-year increaseOrders: $724 million and book-to-bill ratio of 98%Adjusted EBITDA: Between $67 and $69 millionResults delayed for finalization of valuation allowance reserve release, if anyNo meaningful impact to above results expectedFirst Quarter and Full Year 2024 GuidanceFirst Quarter 2024 Revenue and Adjusted EBITDA: $200 to $220 million and $23 to $27 million2024 Adjusted EBITDA and Free cash flow: $100 to $120 million and $40 to $60 million HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced that it will delay the issuance of its fourth quarter and full year 2023 earnings release and investor conference call. Additional time is required to quantify, if any, the impact to income tax and net income from adjusting valuation allowance reserves in an international jurisdiction. No meaningful impact to revenue, adjusted EBITDA, or free cash flow is expected. FET expects to issue
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News
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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