Forum Energy Technologies Announces Third Quarter 2024 Results; Raises Free Cash Flow Guidance [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, up 55% year-over-year Operating cash flow and free cash flow: $26 million and $25 million, respectively Raises 2024 full year free cash flow guidance: $60 to $70 million HOUSTON, October 31, 2024 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. Neal Lux, President and Chief Executive Officer, remarked, "FET will significantly bolster our balance sheet upon closing the recently announced offering of $100 million, 10.5% Senior Secured Bonds. Net proceed
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News
- 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
- Forum Energy Technologies, Inc. (FET) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Forum Energy Technologies Announces Third Quarter 2024 Results; Raises Free Cash Flow GuidanceBusiness Wire
FET
Earnings
- 5/2/24 - Beat
FET
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form 8-K
- 11/8/24 - Form SC
- FET's page on the SEC website