Forum energy technologies announces first quarter 2023 results and reaffirms 2023 guidance

Houston--(business wire)--forum energy technologies, inc. (nyse: fet) today announced first quarter 2023 revenue of $189 million, a 22% year-over-year increase and a $2 million sequential decrease. orders received were $179 million, with a book-to-bill ratio of 95%. the first quarter 2023 net loss was $4 million, or $0.34 per diluted share, compared to net loss of $13 million, or $2.22 per diluted share, for the fourth quarter 2022. excluding $4 million, or $0.43 per diluted share, for special.
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