Forum Energy Tech Q4 revenue $148M, net loss $20M; FY adj EBITDA $20M, guides Q1 EBITDA $5-7M

FORUM ENERGY TECHNOLOGIES, INC.

2021-FY EPS reported -$14.65 revenue$541,068,000

Q4 revenue $148M (+$7M QoQ); net loss $20M ($3.46 diluted EPS) vs Q3 loss $12M ($2.05 EPS).
FY 2021 revenue $541M (+$29M YoY); net loss $83M; adjusted EBITDA $20M, up $39M from 2020.
Drilling & Downhole Q4 rev $67M, adj EBITDA $6M; Completions rev $51M, adj EBITDA $5M; Production rev $31M, adj EBITDA -$2M.
CEO cites supply chain delays and cost inflation; forecasts Q1 2022 EBITDA $5-7M.
Orders in Q4 were $160M; full-year book-to-bill ratio 1.17.

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