Reported Monday, Forum Energy Technologies Provides Q1 2024 Guidance: Expects Revenue Of $200M-$220M And Adjusted EBITDA Of $23M-$27M
Portfolio Pulse from Benzinga Newsdesk
Forum Energy Technologies (FET) has provided guidance for Q1 2024, expecting revenue between $200M-$220M and adjusted EBITDA between $23M-$27M. The company also forecasts full-year 2024 adjusted EBITDA to be in the range of $100M-$120M with free cash flow between $40M-$60M.
February 20, 2024 | 7:44 am
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Forum Energy Technologies expects Q1 2024 revenue between $200M-$220M and adjusted EBITDA between $23M-$27M, with full-year adjusted EBITDA forecasted at $100M-$120M and free cash flow between $40M-$60M.
The guidance provided by Forum Energy Technologies indicates a positive outlook for the company's financial performance in the short term. The expected increase in revenue and EBITDA suggests operational efficiency and potentially higher profitability, which could lead to an optimistic reaction from investors and a positive impact on the stock price.
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