FET Q4 2023 Earnings — Forum Energy Technologies, Inc. Revenue & Financial Results | Market Cap Arena

FETForum Energy Technologies, Inc.

$706M

Q4 2023 Earnings

Energy Oil & Gas Equipment & Services

Income Statement

Revenue

$185M-2.9% YoY

Gross Profit

$50M26.8% margin

Operating Income

$5M2.5% margin

Net Income

-$17M-9.1% margin

EPS (Diluted)

$-1.65

QoQ Revenue Growth

+3.3%

Cash Flow

Operating Cash Flow

$11M

Free Cash Flow

$9M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$821M

Total Liabilities

$408M

Stockholders' Equity

$413M

Cash & Equivalents

$46M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$185M	$191M	-2.9%
Gross Profit	$50M	$50M	-0.6%
Operating Income	$5M	$2M	+135.0%
Net Income	-$17M	-$13M	-31.3%

Revenue Segments

Drilling And Downhole

$91M61%

Completions

$57M39%