Forum Energy Technologies Announces Fourth Quarter and Full Year 2016 Results
Forum Energy Technologies, Inc. (NYSE: FET) today announced fourth quarter 2016 revenue of $147 million, an increase of $9 million, or 6%, from the third quarter 2016. Net loss for the quarter was $13 million, or $0.14 per diluted share, compared to a net loss of $18 million, or $0.20 per diluted share, for the third quarter 2016. Excluding $3 million or $0.02 per share of special items, the adjusted net loss was $0.16 per diluted share in the fourth quarter of 2016. See Tables 1-5 for a reconciliation of GAAP to non-GAAP financial information.
Forum Energy Technologies Acquires Cooper Valves and Innovative Valve Components
Forum Energy Technologies, Inc. has acquired the assets of Cooper Valves and a 100% ownership interest in Innovate Valve Components.