News
FET
18.51
-4.54%
-0.88
Forum Energy Non-GAAP EPS of -$0.12, revenue of $202M
Seeking Alpha · 1d ago
Forum Energy misses top-line and bottom-line estimates; initiates Q2 and reaffirms FY24 outlook
Forum Energy Technologies, Inc. Misses top-line and bottom-line estimates; initiates Q2 and reaffirms FY24 outlook. Q1 revenue of $202M misses by $10.05M. Reaffirms full year 2024 guidance of $100 to $120 million.
Seeking Alpha · 1d ago
FET Stock Earnings: Forum Energy Technologies Reported Results for Q1 2024
Forum Energy Technologies reported earnings per share of -12 cents for the first quarter of 2024. The company reported revenue of $202.40 million. Forum Energy Technologies has a market value of $1.2 billion. The stock is down 1.7% in the last day.
Investorplace · 1d ago
Forum Energy Technologies Reaffirms FY24 Adjusted EBITDA Guidance Of $100M-$120M And Free Cash Flow Between $40M-$60M; Anticipates Q2 Adjusted EBITDA In The Range Of $24M-$28M, With Flat U.S. And International Market Activity, And Lower Canadian Demand Due To The Seasonal Impact Of Break Up
"Our 2024 market outlook remains unchanged. We anticipate second quarter adjusted EBITDA in the range of $24 to $28 million," the company says. The company reaffirms its full year 2024 guidance of $100 to $120 million in adjusted E-BITDA.
Benzinga · 1d ago
Forum Energy Technologies Q1 2024 Adj EPS $(0.12) Beats $(0.20) Estimate, Sales $202.400M Miss $212.050M Estimate
Forum Energy Technologies reported quarterly losses of $0.12 per share. The company reported quarterly sales of $202.400 million which missed the analyst consensus estimate by 4.55%. The company also reported a 233.33 percent drop in sales from the same period last year.
Benzinga · 1d ago
*Forum Energy Technologies 1Q Loss $10.3M >FET
Dow Jones · 1d ago
*Forum Energy Technologies 1Q Rev $202.4M >FET
Dow Jones · 1d ago
*Forum Energy Technologies 1Q Loss/Shr 85c >FET
Dow Jones · 1d ago
Press Release: Forum Energy Technologies -3-
Company's book-to-bill ratio is calculated by dividing the dollar value of orders received in a period by the revenue earned in the same period. Energy Technologies, Inc. Believes the ratio provides an indication of the demand for its products and services. The company expects to continue to grow its business.
Dow Jones · 1d ago
Press Release: Forum Energy Technologies Announces First Quarter 2024 Results, Benefits from Variperm Acquisition
Forum Energy Technologies Announces First Quarter 2024 Results, Benefits from Variperm Acquisition. Forum Energy Technologies, Inc. Reports first quarter 2024 revenue of $202 million, a 9% sequential increase. Orders grew 28% sequentially to $204 million, with a book-to-bill ratio of 101%. The company reaffirms full year 2024 guidance of $100 to $120 million in revenue and $40 to $60 million in free cash flow.
Dow Jones · 1d ago
Forum Energy: Q1 Earnings Snapshot
Forum Energy Technologies Inc. Reported a loss of $10.3 million in its first quarter. Houston-based company says it had revenue of $202.4 million in the period. Forum Energy Technologies is a provider of manufactured technologies and applied products in the energy sector.
Barchart · 1d ago
Weekly Report: what happened at FET last week (0422-0426)?
Weekly Report · 5d ago
Weekly Report: what happened at FET last week (0415-0419)?
Weekly Report · 04/22 09:21
Press Release: Forum Energy Technologies Announces Timing of First Quarter 2024 Earnings Conference Call
Forum Energy Technologies, Inc. Will host its first quarter 2024 earnings conference call on Friday, May 3, 2024. The call will be webcast through the Investor Relations link on FET's website. FET is a global company serving the oil, natural gas, industrial and renewable energy industries.
Dow Jones · 04/16 20:51
Forum Energy Technologies Announces Timing of First Quarter 2024 Earnings Conference Call
Forum Energy Technologies, Inc. Will host its first quarter 2024 earnings conference call on May 3, 2024. The call will be webcast through the Investor Relations link on FET’s website. FET is a global company serving the oil, natural gas, industrial and renewable energy industries.
Barchart · 04/16 15:43
Weekly Report: what happened at FET last week (0408-0412)?
Weekly Report · 04/15 09:19
Weekly Report: what happened at FET last week (0401-0405)?
Weekly Report · 04/08 09:21
Weekly Report: what happened at FET last week (0325-0329)?
Weekly Report · 04/01 09:20
FET, VTNR among major energy gainers
On the Move Energy FET, VTNR among major energy gainers. S&P 500 Energy Sector +1.08% to 721.08. Energy Equipment & Services contributes 91.3% to the index. Forum Energy Technologies (FET) and Vertex Energy (VTNR) among major gainers in SA.
Seeking Alpha · 03/28 18:16
Forum Energy files to sell 1.95M shares of common stock for holders
Energy Forum Energy files to sell 1.95M shares of common stock for holders Mar. 27, 2024. Forum Energy Technologies, Inc. Filed a prospectus related to the offer and sale of up to 1,946,038 shares of stock. This prospectus is not an offer to sell.
Seeking Alpha · 03/27 21:40
More
Webull provides a variety of real-time FET stock news. You can receive the latest news about Forum Energy Technologies Inc through multiple platforms. This information may help you make smarter investment decisions.
About FET
Forum Energy Technologies, Inc. is a global company serving the oil, natural gas, industrial, and renewable energy industries. The Company’s segments include Drilling & Downhole, Completions and Production. Its Drilling & Downhole segment designs, manufactures and supplies products and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. Its Completions segment designs, manufactures and supplies products and provides related services to the coiled tubing, well stimulation and intervention markets. Its Production segment designs, manufactures, and supplies products and provides related equipment and services for the production and infrastructure markets. It provides a range of industrial valves. The Company also manufactures customized downhole technology solutions in sand and flow control for heavy oil applications.