FET Q2 2022 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q2 2022 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$172M+25.3% YoY

Gross Profit

$49M28.2% margin

Operating Income

$5M2.9% margin

Net Income

$9M5.4% margin

EPS (Diluted)

$0.88

QoQ Revenue Growth

+11.0%

Cash Flow

Operating Cash Flow

-$26M

Free Cash Flow

-$28M

Stock-Based Comp.

$621,000

Balance Sheet

Total Assets

$807M

Total Liabilities

$499M

Stockholders' Equity

$308M

Cash & Equivalents

$27M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$172M	$137M	+25.3%
Gross Profit	$49M	$32M	+50.8%
Operating Income	$5M	-$10M	+150.9%
Net Income	$9M	-$22M	+142.5%

Revenue Segments

Stimulation and Intervention

$37M22%

Drilling Technologies

$34M19%

Coiled Tubing

$29M17%

Subsea Technologies

$22M12%

Downhole Technologies

$21M12%

Production Equipment

$16M10%

Valve Solutions

$13M8%

Geographic Segments

UNITED STATES

$115M67%

Europe and Africa

$16M9%

Middle East

$15M9%

CANADA

$10M6%

Latin America

$9M5%

Asia Pacific

$8M5%