Forum Energy Technologies Announces Third Quarter 2024 Results; Raises Free Cash Flow Guidance
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: Business Wire
Revenue: $208 million, a 16% year-over-year increaseOrders: $206 million and book-to-bill of 99%Net loss: $15 million, or $1.20 per diluted shareAdjusted EBITDA: $26 million, up 55% year-over-yearOperating cash flow and free cash flow: $26 million and $25 million, respectivelyRaises 2024 full year free cash flow guidance: $60 to $70 million HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2024 revenue of $208 million, a 1% sequential increase. Orders increased 14% sequentially to $206 million, with a book-to-bill ratio of 99%. The third quarter 2024 net loss was $15 million, or $1.20 per diluted share, compared to a second quarter net loss of $7 million, or $0.54 per diluted share. The adjusted net loss for the quarter was $2 million, or $0.19 per diluted share, compared to the second quarter 2024 adjusted net loss of $0.07 per diluted share.1Neal Lux, President and Chief Executive Officer, remarked, “FET will significantly bolster
Show less
Read more
Impact Snapshot
Event Time:
FET
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FET alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FET alerts
High impacting Forum Energy Technologies, Inc. news events
Weekly update
A roundup of the hottest topics
FET
News
- Forum Energy Technologies Announces $75 Million Share Repurchase Program and Completion of Sale-Leaseback Transactions [Yahoo! Finance]Yahoo! Finance
- Forum Energy Technologies Announces $75 Million Share Repurchase Program and Completion of Sale-Leaseback TransactionsBusiness Wire
- Forum Energy Technologies to Present at November 21st Virtual Investor Summit Microcap EventAccesswire
- Forum Energy Technologies Announces Closing of $100 Million Senior Secured Bond IssuanceBusiness Wire
- Stonegate Capital Partners Updates Coverage on Forum Energy Technologies, Inc. (FET) Q3 24 [Yahoo! Finance]Yahoo! Finance
FET
Earnings
- 5/2/24 - Beat
FET
Sec Filings
- 12/12/24 - Form 4
- 12/12/24 - Form 4
- 12/11/24 - Form 144
- FET's page on the SEC website