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Forum Energy Technologies delays the issuance of its fourth quarter and full year 2023 earnings release and investor conference call. Additional time is required to quantify, if any, the impact to income tax and net income from adjusting valuation allowance reserves in an international jurisdiction. No meaningful impact to revenue, adjusted EBITDA, or free cash flow is expected. FET expects to issue its fourth quarter and full year 2023 results and host its investor conference call around March 1, 2024.
Fourth quarter 2023 revenue was $185 million, a $6 million increase from the third quarter. Adjusted EBITDA for the fourth quarter 2023 is expected to be in the range of $15 to $17 million. Free cash flow for the fourth quarter 2023 was $9 million.
Posted In: FET
