FET FY 2024 revenue $816M, adj. EBITDA $100M (+49%), guides 2025 EBITDA $85-105M

FORUM ENERGY TECHNOLOGIES, INC.

2024-FY EPS reported -$11.00 revenue$816,425,000

Revenue $816M in 2024, up 10% YoY; Q4 revenue $201M.
Adj. EBITDA $100M (12% margin), up 49% YoY; net loss $135M includes $119M non-cash impairment.
Free cash flow $105M (highest since 2015); operating cash flow $92M.
2025 guidance: adj. EBITDA $85-105M, free cash flow $40-60M.
Board authorized $75M share repurchase; $2M repurchased in Jan 2025; 50% of FCF allocated to debt reduction.

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