Forum Energy Technologies (FET) Reports Q3 Loss of $4.83/Share

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Go back to Forum Energy Technologies (FET) Reports Q3 Loss of $4.83/Share

Forum Energy Technologies Announces Third Quarter 2019 Results

October 24, 2019 8:18 PM EDT

Revenue of $239 million Net loss of $533 million and diluted EPS of $(4.83) Adjusted EBITDA of $22 million Cash flow from operations of $35 million and free cash flow after capital expenditures of $32 million Net debt reduced by $70 million

HOUSTON--(BUSINESS WIRE)-- Forum Energy Technologies, Inc. (NYSE: FET) today announced third quarter 2019 revenue of $239 million, a decrease of $6 million from the second quarter 2019. Net loss for the quarter was $533 million, or $4.83 per diluted share, compared to net loss of $14 million, or $0.12 per... More