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Dec 31, 2023
Forum Q4 2023 Earnings Report
Announced fourth quarter and full year 2023 results and outlook.
Key Takeaways
Forum Energy Technologies reported Q4 2023 revenue of $185 million with a net loss of $17 million, or $1.64 per diluted share. Adjusted net loss was $0.39 per diluted share. Adjusted EBITDA was $15 million, and free cash flow was $9 million.
Q4 revenue was $185 million, a $6 million increase from the third quarter.
Q4 net loss was $17 million, or $1.64 per diluted share.
Q4 adjusted EBITDA was $15 million.
Q4 free cash flow was $9 million.
Revenue by Segment
Forward Guidance
In 2024, the company is forecasting EBITDA of $100 to $120 million and free cash flow between $40 to $60 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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