AUS
NZ
UK
CA
USA
IND
_06_19_2026_12_34_15_139937.jpg)
Headlines
- Forum Energy Technologies Reveals Key Updates for Third Quarter 2024
- Revenue and Adjusted EBITDA Meet Expected Targets
- Continued Strong Performance in Oil, Gas, and Renewable Energy Sectors
Forum Energy Technologies (NYSE:FET) has announced preliminary financial results for the third quarter of 2024. These figures show a stable performance in line with the company’s previous guidance. Revenue stood strong, demonstrating continued momentum in the oil, natural gas, industrial, and renewable energy sectors. Bookings also saw an increase, highlighting growing customer demand for FET’s solutions.
Adjusted EBITDA remained steady, reflecting the company’s ongoing focus on operational efficiency. Additionally, free cash flow showed a positive trend, further underscoring the company’s financial strength.
FET, headquartered in Houston, Texas, offers a wide range of products aimed at enhancing the safety, efficiency, and environmental sustainability of its customers’ operations. Its solutions are integral to the industries it serves, particularly in oil, natural gas, and renewables.
The company provides financial results in accordance with GAAP standards but also incorporates non-GAAP measures for a more comprehensive understanding of its performance. While these non-GAAP figures offer valuable insight, they should be viewed as supplementary to the official GAAP results.
The preliminary third-quarter figures are based on early data and have not been audited or fully finalized. There may be slight adjustments once the complete results are available. Forum Energy Technologies continues to emphasize its commitment to driving sustainable growth and innovation across its key industries.
This report reflects the company’s strong positioning as it heads into the final quarter of 2024.
