Forum Energy Technologies (FET) Misses Q2 EPS by 1c

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Go back to Forum Energy Technologies (FET) Misses Q2 EPS by 1c

Forum Energy Technologies Announces Second Quarter 2015 Results

July 23, 2015 6:53 PM EDT

HOUSTON--(BUSINESS WIRE)-- Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2015 revenue of $284 million, a decrease of $144 million, or 34%, from the second quarter 2014. Net income for the quarter was $9 million or $0.10 per diluted share compared to $40 million or $0.41 per diluted share for the prior year period. Excluding $0.06 per share of non-operational items, adjusted diluted earnings per share were $0.16 in the second quarter 2015. Non-operational items for the quarter included primarily a foreign exchange loss1 and a restructuring charge. See Table I for a reconciliation of GAAP to non-GAAP financial information.

Second Quarter Results... More