Loading...
•
Dec 31, 2020
Forum Q4 2020 Earnings Report
Announced fourth quarter 2020 results with increased bookings and revenue.
Key Takeaways
Forum Energy Technologies reported a sequential increase in revenue and bookings for Q4 2020. Revenue reached $113 million, a 9% increase from the third quarter, and bookings rose by 34% to $124 million. The company's net loss was $33 million, or $5.85 per diluted share. Adjusted EBITDA improved to negative $2.6 million. They closed the sale of ABZ and Quadrant valve brands for $105 million, reducing net debt by roughly one-third.
Bookings increased 34% sequentially to $124 million.
Revenue increased 9% sequentially to $113 million.
Net loss of $33 million and diluted EPS of negative $5.85.
Adjusted EBITDA improved $7 million sequentially to negative $3 million.
Forward Guidance
The steps taken by Forum in the fourth quarter position the company to perform well and take advantage of market opportunities afforded in the rising-market environment.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...