FET Q2 2024 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q2 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$205M+10.7% YoY

Gross Profit

$63M30.7% margin

Operating Income

$8M3.9% margin

Net Income

-$7M-3.3% margin

EPS (Diluted)

$-0.54

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$22M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$977M

Total Liabilities

$535M

Stockholders' Equity

$442M

Cash & Equivalents

$32M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$205M	$185M	+10.7%
Gross Profit	$63M	$51M	+22.9%
Operating Income	$8M	$6M	+23.8%
Net Income	-$7M	-$7M	-1.8%