FET Q3 2022 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q3 2022 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$182M+29.0% YoY

Gross Profit

$51M28.2% margin

Operating Income

$8M4.2% margin

Net Income

$16M9.1% margin

EPS (Diluted)

$1.56

QoQ Revenue Growth

+5.6%

Cash Flow

Operating Cash Flow

$18M

Free Cash Flow

$17M

Stock-Based Comp.

$765,000

Balance Sheet

Total Assets

$790M

Total Liabilities

$488M

Stockholders' Equity

$303M

Cash & Equivalents

$20M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$182M	$141M	+29.0%
Gross Profit	$51M	$35M	+47.3%
Operating Income	$8M	-$7M	+203.1%
Net Income	$16M	-$12M	+242.2%

Revenue Segments

Stimulation and Intervention

$44M24%

Drilling Technologies

$38M21%

Coiled Tubing

$29M16%

Downhole Technologies

$22M12%

Production Equipment

$18M10%

Valve Solutions

$16M9%

Subsea Technologies

$16M9%

Geographic Segments

UNITED STATES

$125M69%

Europe and Africa

$14M8%

CANADA

$14M8%

Middle East

$13M7%

Asia Pacific

$10M5%

Latin America

$6M3%