Forum Energy Technologies (FET) Tops Q2 EPS by 7c
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Forum Energy Technologies Announces Second Quarter 2016 Results
July 28, 2016 6:29 PM EDTHOUSTON--(BUSINESS WIRE)-- Forum Energy Technologies, Inc. (NYSE: FET) today announced second quarter 2016 revenue of $143 million, a decrease of $17 million, or 10%, from the first quarter 2016. Net loss for the quarter was $29 million, or $0.31 per diluted share, compared to a net loss of $23 million, or $0.25 per diluted share, for the first quarter 2016. Excluding $0.12 per share of special items, the adjusted net loss was $0.19 per diluted share in the second quarter of 2016.
Forum generated cash flow from operating activities of $18 million and free cash flow after net capital expenditures but before acquisitions of $16 million during the second... More
