Forum Energy: Fourth Quarter Earnings Overview

Forum Energy Technologies Announces Fourth Quarter Results

Forum Energy Technologies Inc., based in Houston, revealed on Thursday that it achieved a profit of $2.1 million during the fourth quarter.

The company reported earnings of $0.17 per share, while adjusted earnings—excluding certain one-time items—came in at $0.41 per share.

During this period, the energy technology and product manufacturer generated $202.2 million in revenue.

Looking at the full year, Forum Energy Technologies recorded a net loss of $9.7 million, or $0.81 per share, with annual revenue totaling $791.5 million.

The company anticipates its revenue for the upcoming year will reach approximately $800 million.