Brief: Forum Energy Technologies Announces First Quarter 2020 Results

Forum Energy Technologies

07/05/2020 23:24

May 7 (Reuters) - Forum Energy Technologies Inc  FET.N :
    * FORUM ENERGY TECHNOLOGIES ANNOUNCES FIRST QUARTER 2020
RESULTS
    * Q1 LOSS PER SHARE $0.33
    * Q1 REVENUE $183 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$203.5
MILLION
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.10 -- REFINITIV IBES
DATA
    * Q1 ADJUSTED LOSS PER SHARE $0.20 EXCLUDING ITEMS
    * NOW EXPECT OUR TOTAL CAPITAL EXPENDITURES FOR 2020 TO BE
LESS
THAN $5 MILLION
    * EXPECT TO HAVE ADDITIONAL CASH CHARGES FOR RESTRUCTURING
AND
SEVERANCE COSTS IN Q2 AND THROUGHOUT 2020

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