Forum Energy: Q4 Earnings Snapshot
By AP News
Published - Feb 21, 2023, 05:36 AM ET
Last Updated - Jun 22, 2023, 08:46 PM EDT
HOUSTON (AP) — HOUSTON (AP) — Forum Energy Technologies Inc. (FET) on Monday reported a loss of $12.8 million in its fourth quarter.
On a per-share basis, the Houston-based company said it had a loss of $2.22. Losses, adjusted for non-recurring costs, were 45 cents per share.
The provider of manufactured technologies and applied products in the energy sector posted revenue of $190.7 million in the period.
For the year, the company reported net income of $3.7 million, or 62 cents per share, swinging to a profit in the period. Revenue was reported as $699.9 million.
