Forum announces financial update for current oil market and covid-19

Forum announces financial update for current oil market and covid-19.forum energy technologies - approved financial plan that is expected to result in at least a $50 million reduction in sg&a expense on an annualized basis.forum energy - expectation to record impairment charges for restructuring, severance, and non-cash charges for asset write downs of at least $30 million.forum energy technologies inc - now expects revenue for q1 to be in range of $180 to $185 million.forum energy technologies inc - expects q1 2020 adjusted ebitda and free cash flow each to be approximately breakeven.forum energy - increased cash on hand to assure a strong liquidity position by drawing $55 million on its revolving credit facility during q1 of 2020.forum energy technologies inc - increased cash on hand by additional $30 million.
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