Forum Energy Tech Q3 revenue $182M, net income $16.5M, adj EBITDA $17.8M, confirms FY guidance top end

FORUM ENERGY TECHNOLOGIES, INC.

2022-Q3 EPS reported $2.37 revenue$509,255,000

Revenue $182M (+6% seq, +29% YoY); net income $16.5M ($1.82 diluted EPS).
Adjusted EBITDA $17.8M (+15% seq); adjusted net loss $(0.25)/share excluding special items.
Orders $198M, book-to-bill 1.09; operating cash flow $18.5M, free cash flow $17.3M.
Confirms full-year 2022 adjusted EBITDA top end of $50-60M; H2 free cash flow $30-40M.
Segment: Completions $72M (+9%), Drilling & Downhole $76M (-1%), Production $34M (+14%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

FORUM ENERGY TECHNOLOGIES, INC. reported third quarter 2022 results: revenue $182 million, net income $16.5 million, EPS $1.82 per diluted share. Guidance reaffirmed.

Period: third quarter 2022
Revenue: $182 million
Net income: $16.5 million
EPS: $1.82 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Forum Energy Technologies Announces Third Quarter 2022 Results and Outlook • Revenue of $182 million, a 6% sequential increase • Orders of $198 million and book-to-bill ratio of 1.09 • Net income of $16.5 million and diluted EPS of $1.82

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Source: SEC EDGAR

accession 0001401257-22-000070

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