See more : Hire Technologies Inc. (HIRE.V) Income Statement Analysis – Financial Results
Complete financial analysis of Forum Energy Technologies, Inc. (FET) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Forum Energy Technologies, Inc., a leading company in the Oil & Gas Equipment & Services industry within the Energy sector.
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Forum Energy Technologies, Inc. (FET)
About Forum Energy Technologies, Inc.
Forum Energy Technologies, Inc. designs, manufactures, and distributes products serving the oil, natural gas, industrial, and renewable energy industries in the United States and internationally. It operates through three segments: Drilling & Downhole, Completions, and Production. The Drilling & Downhole segment designs, manufactures, and supplies products, and provides related services to the drilling, well construction, artificial lift, and subsea energy construction markets, including applications in oil and natural gas, renewable energy, defense, and communications. This segment offers drilling technologies consisting of capital equipment and a line of products consumed in the drilling process; well construction casing and cementing equipment, and protection products for artificial lift equipment and cables; and subsea remotely operated vehicles and trenchers, submarine rescue vehicles, specialty components and tools, and complementary subsea technical services. The Completions segment offers hydraulic fracturing pumps, cooling systems, high-pressure flexible hoses, and flow iron for pressure pumping, hydraulic fracturing and flowback services markets; wireline cable and pressure control equipment for well completion and intervention service markets; and coiled tubing strings and coiled line pipe. The Production segment designs, manufactures, and supplies products, and provides related equipment and services for production and infrastructure markets. This segment offers engineered process systems, production equipment, specialty separation equipment, and various industrial valves for oil and natural gas customers, power generation, renewable energy, and other general industrial applications. The company was formerly known as Forum Oilfield Technologies, Inc. and changed its name to Forum Energy Technologies, Inc. in August 2010. Forum Energy Technologies, Inc. was incorporated in 2005 and is headquartered in Houston, Texas.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 738.86M | 699.90M | 541.10M | 512.50M | 956.50M | 1.06B | 818.60M | 587.60M | 1.07B | 1.74B | 1.52B | 1.41B | 1.13B | 747.34M | 677.38M |
| Cost of Revenue | 534.71M | 511.40M | 417.80M | 523.50M | 711.60M | 807.85M | 629.80M | 487.90M | 810.98M | 1.18B | 1.05B | 951.88M | 765.67M | 533.08M | 491.46M |
| Gross Profit | 204.15M | 188.50M | 123.30M | -11.00M | 244.90M | 256.37M | 188.80M | 99.70M | 262.73M | 559.44M | 475.21M | 463.02M | 362.46M | 214.26M | 185.92M |
| Gross Profit Ratio | 27.63% | 26.93% | 22.79% | -2.15% | 25.60% | 24.09% | 23.06% | 16.97% | 24.47% | 32.16% | 31.17% | 32.72% | 32.13% | 28.67% | 27.45% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 286.98M | 253.71M | 227.01M | 264.91M | 312.82M | 269.67M | 225.27M | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -13.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 180.39M | 179.50M | 168.90M | 197.70M | 251.70M | 286.98M | 253.70M | 227.01M | 264.91M | 312.82M | 269.67M | 225.27M | 202.48M | 141.44M | 128.56M |
| Other Expenses | 0.00 | 0.00 | 0.00 | -2.30M | 4.60M | -1.49M | -3.17M | -3.00M | -5.54M | 0.00 | -2.10M | 2.86M | 202.48M | 141.44M | 128.56M |
| Operating Expenses | 180.39M | 179.50M | 168.90M | 197.70M | 251.70M | 286.98M | 253.70M | 718.40M | 1.08B | 1.50B | 1.32B | 1.17B | 202.48M | 141.44M | 128.56M |
| Cost & Expenses | 715.10M | 690.90M | 586.70M | 721.20M | 963.30M | 1.09B | 883.50M | 718.40M | 1.08B | 1.50B | 1.32B | 1.17B | 968.15M | 674.52M | 620.03M |
| Interest Income | 0.00 | 31.53M | 32.01M | 32.53M | 31.62M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 18.30M | 31.50M | 32.00M | 30.30M | 31.60M | 32.53M | 26.80M | 27.40M | 29.90M | 29.90M | 18.30M | 16.40M | 19.53M | 18.19M | 19.45M |
| Depreciation & Amortization | 34.73M | 36.98M | 42.18M | 51.00M | 63.24M | 74.51M | 65.13M | 61.76M | 65.70M | 65.10M | 60.70M | 51.80M | 40.78M | 33.22M | 38.44M |
| EBITDA | 45.21M | 46.03M | -7.82M | -28.50M | -474.01M | -282.71M | 36.66M | -48.83M | -38.69M | 311.70M | 266.14M | 290.97M | 201.01M | 95.75M | 89.73M |
| EBITDA Ratio | 6.12% | 6.59% | -0.63% | -30.77% | 6.52% | 4.14% | 14.85% | -11.44% | 7.18% | 19.15% | 17.73% | 20.69% | 17.80% | 14.19% | 14.14% |
| Operating Income | 23.76M | 9.00M | -45.60M | -231.60M | -900.00K | -397.00M | -141.60M | -129.00M | -113.70M | 268.00M | 209.60M | 240.90M | 160.61M | 73.28M | 50.21M |
| Operating Income Ratio | 3.22% | 1.29% | -8.43% | -45.19% | -0.09% | -37.30% | -17.30% | -21.95% | -10.59% | 15.40% | 13.75% | 17.03% | 14.24% | 9.81% | 7.41% |
| Total Other Income/Expenses | -31.58M | -6.98M | -36.46M | 121.85M | -32.73M | 7.24M | 86.32M | -9.05M | -20.60M | -25.52M | -23.47M | -14.99M | -19.91M | -28.93M | -18.36M |
| Income Before Tax | -7.81M | 10.30M | -82.00M | -109.80M | -568.90M | -389.75M | -55.20M | -138.10M | -134.30M | 242.40M | 186.10M | 222.80M | 140.70M | 44.35M | 31.84M |
| Income Before Tax Ratio | -1.06% | 1.47% | -15.15% | -21.42% | -59.48% | -36.62% | -6.74% | -23.50% | -12.51% | 13.93% | 12.20% | 15.75% | 12.47% | 5.93% | 4.70% |
| Income Tax Expense | 11.06M | 6.60M | 700.00K | -12.90M | -1.80M | -15.67M | 1.90M | -56.10M | -14.90M | 68.10M | 56.50M | 71.30M | 47.11M | 20.30M | 11.01M |
| Net Income | -18.88M | 3.71M | -82.70M | -96.90M | -567.10M | -374.08M | -57.10M | -82.00M | -119.40M | 174.30M | 129.60M | 151.40M | 93.34M | 23.94M | 19.34M |
| Net Income Ratio | -2.55% | 0.53% | -15.28% | -18.91% | -59.29% | -35.15% | -6.98% | -13.96% | -11.12% | 10.02% | 8.50% | 10.70% | 8.27% | 3.20% | 2.85% |
| EPS | -1.85 | 0.65 | -14.66 | -17.37 | -103.02 | -68.80 | -11.57 | -18.00 | -26.61 | 37.60 | 28.60 | 37.80 | 27.47 | 7.04 | 5.69 |
| EPS Diluted | -1.85 | 0.62 | -14.66 | -17.37 | -103.02 | -68.78 | -11.57 | -17.98 | -26.56 | 36.60 | 27.40 | 34.80 | 24.98 | 6.41 | 5.17 |
| Weighted Avg Shares Out | 10.21M | 5.75M | 5.64M | 5.58M | 5.51M | 5.44M | 4.93M | 4.55M | 4.49M | 4.63M | 4.54M | 4.01M | 3.40M | 3.40M | 3.40M |
| Weighted Avg Shares Out (Dil) | 10.21M | 5.95M | 5.64M | 5.58M | 5.51M | 5.44M | 4.94M | 4.56M | 4.50M | 4.77M | 4.73M | 4.35M | 3.74M | 3.74M | 3.74M |
Forum Energy Technologies, Inc. (FET) Q4 2023 Earnings Call Transcript
Forum Energy Technologies Announces Fourth Quarter and Full Year 2023 Results and Outlook
Forum Energy Technologies Reschedules Fourth Quarter and Full Year 2023 Earnings Conference Call
Forum Energy Technologies to Delay Issuance of Fourth Quarter and Full Year 2023 Earnings Release and Investor Conference Call; Provides Preliminary Results and 2024 Guidance
Forum Energy Technologies Announces Timing of Fourth Quarter and Full Year 2023 Earnings Conference Call
Forum Energy Technologies to Present at the Sidoti Virtual Investor Conference
Forum Energy Technologies Completes Acquisition of Variperm Energy Services
Forum Energy Technologies Receives Approval to Proceed with Variperm Acquisition from Canadian Competition Bureau
Forum Energy Technologies to Present at the Emerging Growth Conference
Forum Energy Technologies Announces Appointment of Ms. Leslie Beyer to its Board of Directors
Source: https://incomestatements.info
Category: Stock Reports