Forum Energy Technologies (FET) Misses Q4 EPS by 6c

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Go back to Forum Energy Technologies (FET) Misses Q4 EPS by 6c

Forum Energy Technologies Announces Fourth Quarter and Full Year 2015 Results

February 11, 2016 7:28 PM EST

HOUSTON--(BUSINESS WIRE)-- Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2015 revenue of $196 million, compared to $439 million in the fourth quarter 2014. Net loss for the quarter was $164 million, or $1.81 per diluted share, compared to net income of $46 million, or $0.49 per diluted share, for the prior year period. Excluding $1.69 per share of special items, the adjusted net loss was $0.12 per diluted share in the fourth quarter of 2015. Forum generated free cash flow after capital expenditures of $34 million during the fourth quarter of 2015.

Special items in the fourth quarter 2015 included pre-tax charges of... More