Forum energy technologies announces first quarter 2024 results, benefits from variperm acquisition

Houston--(business wire)--forum energy technologies, inc. (nyse: fet) today announced first quarter 2024 revenue of $202 million, a 9% sequential increase. orders grew 28% sequentially to $204 million, with a book-to-bill ratio of 101%. the first quarter 2024 net loss was $10 million, or $0.85 per diluted share, compared to a net loss of $17 million, or $1.64 per diluted share, for the fourth quarter 2023. first quarter 2024 special items, on a pre-tax basis, included $6 million of transaction.
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