Forum Energy Technologies Announces Fourth Quarter and Full Year 2023 Results and Outlook

HOUSTON--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2023 revenue of $185 million, a$6 million increase from the third quarter. The fourth quarter net loss was $17 million, or$1.64 per diluted share, compared to third quarter net income of $8 million, or$0.77 per diluted share. Excluding $9 million of foreign exchange losses and$4 million of transaction and other nonrecurring items, cumulatively $1.25 per share, adjusted net loss was$0.39 per diluted shar ...