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Jun 30, 2020
Forum Q2 2020 Earnings Report
Announced second quarter 2020 results with revenue of $113 million and a net loss of $(5) million.
Key Takeaways
Forum Energy Technologies reported a second quarter 2020 revenue of $113 million, a decrease of $69 million from the first quarter 2020. Net loss for the quarter was $5 million, or $0.05 per diluted share.
Revenue of $113 million.
Net loss of $(5) million and diluted EPS of $(0.05).
Adjusted EBITDA of $(11.6) million.
Cash flow from operations of $(3.6) million and free cash flow after capital expenditures of $(3.5) million.
Forward Guidance
Forum now has ample runway to take advantage of the opportunities a market recovery will present.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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