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Dec 31, 2021
Forum Q4 2021 Earnings Report
Announced full year and fourth quarter results, revealing increased revenue and orders, but also a net loss for the quarter.
Key Takeaways
Forum Energy Technologies reported Q4 2021 revenue of $148 million and orders of $160 million. The company experienced a net loss of $20 million, or $3.46 per diluted share. Adjusted EBITDA was $4.2 million.
Revenue increased by $7 million from the third quarter 2021.
Orders received in the quarter were $160 million.
Net loss for the quarter was $20 million, or $3.46 per diluted share.
Adjusted EBITDA declined by $3.0 million sequentially to $4.2 million.
Forward Guidance
Company forecasts first quarter EBITDA to be in the range of $5 to $7 million.
Positive Outlook
- Industry activity and demand for our products have continued to increase.
Challenges Ahead
- Supply chain and cost headwinds continue to compress our profitability.
- supply chain delays constrained our revenues
- cost inflation impacted our profitability.
- increases in costs including raw material
- freight and employee benefit costs for our self-insured medical plan.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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