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Sep 30, 2024
Forum Q3 2024 Earnings Report
Forum Energy Technologies reported results for Q3 2024, featuring revenue growth and raised free cash flow guidance.
Key Takeaways
Forum Energy Technologies announced Q3 2024 results with revenue of $208 million, a 16% year-over-year increase. The company reported a net loss of $15 million, or $1.20 per diluted share. They raised their full year free cash flow guidance to $60 to $70 million.
Revenue reached $208 million, a 16% increase year-over-year.
Orders totaled $206 million with a book-to-bill ratio of 99%.
The company generated free cash flow of $25 million, up 14% from the prior quarter.
Full year free cash flow guidance was raised to between $60 and $70 million.
Revenue by Segment
Forward Guidance
Forum Energy Technologies expects fourth quarter 2024 revenue to be in the range of $190 to $210 million and adjusted EBITDA in the range of $22 to $26 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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