FET Q3 2024 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q3 2024 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$208M+15.9% YoY

Gross Profit

$66M31.6% margin

Operating Income

$9M4.3% margin

Net Income

-$15M-7.1% margin

EPS (Diluted)

$-1.20

QoQ Revenue Growth

+1.3%

Cash Flow

Operating Cash Flow

$26M

Free Cash Flow

$24M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$974M

Total Liabilities

$530M

Stockholders' Equity

$444M

Cash & Equivalents

$33M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$208M	$179M	+15.9%
Gross Profit	$66M	$51M	+28.8%
Operating Income	$9M	$6M	+57.2%
Net Income	-$15M	$8M	-285.9%