Earnings Call Summary | Forum Energy Technologies(FET.US) Q1 2024 Earnings Conference
Earnings Call Summary | Forum Energy Technologies(FET.US) Q1 2024 Earnings Conference
Forum Energy's EBITDA came in at $26 million, beating the midpoint guidance range.The following is a summary of the Forum Energy Technologies, Inc. (FET) Q1 2024 Earnings Call Transcript:
以下是論壇能源技術公司（FET）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Forum Energy Technologies reported a 9% sequential revenue growth for Q1 2024, and an EBITDA increase by 69% along with an improvement in EBITDA margins by 460 basis points.
Q1 bookings rebounded with a book-to-bill ratio of 101% indicating a healthy demand.
Forum Energy's EBITDA came in at $26 million, beating the midpoint guidance range.
Cash on hand at the end of Q1 was $49 million, with total liquidity at $121 million.
FET expects solid performance in Q2 and maintains their annual free cash flow guidance between $40 million to $60 million.
論壇能源科技報告稱，2024年第一季度收入連續增長9％，息稅折舊攤銷前利潤增長69％，息稅折舊攤銷前利潤率提高了460個點子。
第一季度預訂量反彈，賬面與賬單的比率爲101％，這表明需求良好。
Forum Energy的息稅折舊攤銷前利潤爲2600萬美元，超過了中點指導區間。
第一季度末的手頭現金爲4900萬美元，總流動性爲1.21億美元。
FET預計第二季度將表現穩健，並將年度自由現金流預期維持在4000萬美元至6000萬美元之間。
Business Progress:
業務進展：
Forum Energy is focusing on developing new products, like the performing well FASTConnect, a frac manifold replacement system, with an accelerated rollout planned in the latter half of the year.
The recently acquired Variperm is being successfully integrated and is expected to significantly contribute to the Artificial Lift and Downhole business segments.
The expansion of Variperm's technology in offshore and Middle East markets is a key focus.
The company is targeting new product development as a major growth pillar while also seeking opportunities to quote packages together.
Forum Energy正專注於開發新產品，例如性能良好的FastConnect，這是一種壓裂歧管替代系統，並計劃在下半年加速推出。
最近收購的Variperm正在成功整合，預計將爲人工升降機和井下業務領域做出重大貢獻。
Variperm的技術在離岸和中東市場的擴展是重點。
該公司將新產品開發作爲主要的增長支柱，同時也在尋找機會共同報價套餐。
More details: Forum Energy Technologies IR
更多詳情： IR 能源技術論壇
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。
