TechnipFMC (FTI) Tops Q3 EPS by 25c; updates guidance

TechnipFMC (NYSE: FTI) reported Q3 EPS of $0.64, $0.25 better than the analyst estimate of $0.39. Revenue for the quarter came in at $2.35 billion versus the consensus estimate of $2.34 billion.

GUIDANCE

The Company’s full-year financial guidance for 2024 can be found in the table below. Updates to the previous guidance issued on July 25, 2024 are as follows:

Net interest expense of $65 - 70 million, which decreased from the previous guidance range of $70 - 80 million.
Tax provision, as reported, of $170 - 180 million, which decreased from the previous guidance range of $280 - 290 million.

For earnings history and earnings-related data on TechnipFMC (FTI) click here.

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