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 ...