Forum Energy Technologies(US:FET) Newsfileยท2025-02-24 14:57Core Insights - Forum Energy Technologies, Inc. (FET) reported Q4 2024 financial results with revenue of $201.0 million, adjusted EBITDA of $22.2 million, and adjusted net income of ($5.9) million, which were in line with revenue expectations but fell short on adjusted EBITDA and net income [1] Financial Performance - Revenue of $201.0 million was consistent with consensus estimates of $201.9 million [1] - Adjusted EBITDA of $22.2 million was below expectations of $24.1 million, resulting in an adjusted EBITDA margin of 11.0% [1] - Adjusted net income of ($5.9) million was lower than the expected $1.0 million due to weaker operating profit margins and the release of a valuation allowance on deferred tax assets in Germany and Saudi Arabia [1] Key Metrics - Free cash flow (FCF) for Q4 2024 was $56.9 million, an increase of $32.4 million sequentially [3] - Revenue from Artificial Lift and Downhole services increased by 6.8% sequentially to $89.9 million [3] - FET initiated a $75.0 million share repurchase program [3]