FET Q3 2023 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q3 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$179M-1.4% YoY

Gross Profit

$51M28.5% margin

Operating Income

$6M3.2% margin

Net Income

$8M4.4% margin

EPS (Diluted)

$0.77

QoQ Revenue Growth

-3.3%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$24M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$829M

Total Liabilities

$412M

Stockholders' Equity

$417M

Cash & Equivalents

$37M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$179M	$182M	-1.4%
Gross Profit	$51M	$51M	-0.7%
Operating Income	$6M	$8M	-26.4%
Net Income	$8M	$16M	-51.6%

Revenue Segments

Drilling And Downhole

$81M45%

Completions

$62M35%

Production

$37M20%