TechnipFMC (FTI) Tops Q2 EPS by 12c, provides guidance

TechnipFMC (NYSE: FTI) reported Q2 EPS of $0.43, $0.12 better than the analyst estimate of $0.31. Revenue for the quarter came in at $2.33 billion versus the consensus estimate of $2.23 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 February 22, 2024 are as follows:

Subsea revenue in a range of $7.6 - 7.8 billion, which increased from the previous guidance range of $7.2 - 7.6 billion.

Subsea adjusted EBITDA margin in a range of 16.5 - 17%, which increased from the previous guidance range of 15.5 - 16.5%.

Free cash flow in a range of $425 - 575 million, which increased from the previous guidance range of $350 - 500 million.

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

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