Forum Energy Technologies(FET) - 2024 Q2 - Quarterly Results

Exhibit 99.1 Forum Energy Technologies Announces Second Quarter 2024 Results; Raises Free Cash Flow Guidance • Revenue: $205 million, an 11% year-over-year increase • Net loss:$ 7 million, or $0.54 per diluted share • Adjusted net loss:$ 1 million, or $0.07 per diluted share • Adjusted EBITDA:$ 26 million, up 48% year-over-year • Operating cash flow and free cash flow: $23 million and$ 21 million, respectively • Raises 2024 full year free cash flow guidance: $50 to$ 70 million HOUSTON, TEXAS, August 1, 2024 ...