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Jun 30, 2022
Forum Q2 2022 Earnings Report
Second quarter results for 2022 were announced, featuring revenue of $172 million and diluted EPS of $1.15.
Key Takeaways
Forum Energy Technologies reported a strong second quarter in 2022, with revenue reaching $172 million, an 11% increase sequentially. Net income was $9 million, translating to a diluted EPS of $1.15. Adjusted EBITDA stood at $15.5 million, a 74% sequential increase.
Revenue reached $172 million, marking an 11% sequential increase.
Orders totaled $203 million, resulting in a book-to-bill ratio of 1.18.
Net income was reported at $9 million, with a diluted EPS of $1.15.
Adjusted EBITDA increased to $15.5 million, a $7 million sequential increase.
Forward Guidance
The company forecasts third quarter revenue to be between $170 and $180 million, and adjusted EBITDA of $16 to $19 million. On a full year basis, the company now expects adjusted EBITDA to be near the top end of their previous guidance range of $50 to $60 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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