Forum energy technologies announces second quarter 2024 results; raises free cash flow guidance

Houston--(business wire)--forum energy technologies, inc. (nyse: fet) today announced second quarter 2024 revenue of $205 million, a 1% sequential increase, despite a 5% decline in global rig count. orders declined 12% sequentially to $180 million, with a book-to-bill ratio of 88%. the second quarter 2024 net loss was $7 million, or $0.54 per diluted share, compared to a net loss of $10 million, or $0.85 per diluted share, for the first quarter 2024. second quarter 2024 special items, on a pre-.
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