Forum energy technologies announces third quarter 2023 results

Houston--(business wire)--forum energy technologies, inc. (nyse: fet) today announced third quarter 2023 revenue of $179 million, a 3% sequential decrease. orders increased 7% sequentially to $199 million, with a book-to-bill ratio of 111%. the third quarter 2023 net income was $8 million, or $0.77 per diluted share, compared to a net loss of $7 million, or $0.64 per diluted share, for the second quarter 2023. pre-tax foreign exchange gains of $8 million comprise the majority of special items i.
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