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

Houston--(business wire)--forum energy technologies, inc. (nyse: fet) today announced third quarter 2024 revenue of $208 million, a 1% sequential increase. orders increased 14% sequentially to $206 million, with a book-to-bill ratio of 99%. the third quarter 2024 net loss was $15 million, or $1.20 per diluted share, compared to a second quarter net loss of $7 million, or $0.54 per diluted share. the adjusted net loss for the quarter was $2 million, or $0.19 per diluted share, compared to the se.
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