- Q3 revenue $237M, up 5% sequentially
Forum Energy Technologies (FET) reported Q3 revenue of $237M, up 5% sequentially, and adjusted EBITDA of $36M, up 14%. Free cash flow hit $30M, up 214%. The company raised full-year revenue guidance to $900-$920M and adjusted EBITDA to $123-$129M. Net leverage dropped to 0.9x. FET also acquired Premiere Torque Rings during the quarter.
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