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Sep 30, 2020
Forum Q3 2020 Earnings Report
Revenue decreased while adjusted EBITDA improved sequentially.
Key Takeaways
Forum Energy Technologies reported Q3 2020 revenue of $104 million and a net loss of $22 million, or $0.19 per diluted share. Orders received increased by $7 million to $92 million. Adjusted EBITDA was negative $10 million, an improvement of approximately $2 million from the previous quarter.
Revenue of $104 million.
Net loss of $22 million and diluted EPS of negative $0.19.
Adjusted EBITDA of negative $10 million.
Operating cash flow of $4 million and free cash flow of $6 million.
Forward Guidance
Forum expects sequential improvement in both orders and revenue in line with activity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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