Forum Energy Technologies Reaffirms FY24 Adjusted EBITDA Guidance Of $100M-$120M And Free Cash Flow Between $40M-$60M; Anticipates Q2 Adjusted EBITDA In The Range Of $24M-$28M, With Flat U.S. And International Market Activity, And Lower Canadian Demand Due To The Seasonal Impact Of Break Up

Author: Benzinga Newsdesk | May 02, 2024 06:49pm

"Our 2024 market outlook remains unchanged. Therefore, we reaffirm our full year 2024 guidance of $100 to $120 million in adjusted EBITDA and free cash flow between $40 and $60 million. We anticipate second quarter adjusted EBITDA in the range of $24 to $28 million, with flat U.S. and international market activity, and lower Canadian demand due to the seasonal impact of break up."

Posted In: FET