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FET Q2 2023 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena
FET
Forum Energy Technologies, Inc.
$706M
Q2 2023 Earnings
Energy
Oil & Gas Equipment & Services
Income Statement
Revenue
$185M
+7.7% YoY
Gross Profit
$51M
27.7% margin
Operating Income
$6M
3.5% margin
Net Income
-$7M
-3.5% margin
EPS (Diluted)
$-0.65
QoQ Revenue Growth
-1.9%
Cash Flow
Operating Cash Flow
-$6M
Free Cash Flow
-$8M
Stock-Based Comp.
$1M
Balance Sheet
Total Assets
$844M
Total Liabilities
$424M
Stockholders' Equity
$419M
Cash & Equivalents
$25M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$185M
$172M
+7.7%
Gross Profit
$51M
$49M
+5.6%
Operating Income
$6M
$5M
+26.2%
Net Income
-$7M
$9M
-171.0%
Revenue Segments
Drilling And Downhole
$81M
43%
Completions
$72M
39%
Production
$33M
18%
← FY 2023
All Quarters
Q3 2023 →