TechnipFMC (FTI) Misses Q1 EPS by 2c; offers guidance

TechnipFMC (NYSE: FTI) reported Q1 EPS of $0.33, $0.02 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $2.23 billion versus the consensus estimate of $2.26 billion.

GUIDANCE

Subsea: Revenue in a range of $8.4 - 8.8 billion

Surface Technologies: Revenue in a range of $1.2 - 1.35 billion

TechnipFMC: Corporate expense, net $115 - 125 million

(excludes charges and credits)

Net interest expense $45 - 55 million

Effective tax rate 28 - 32%

Capital expenditures approximately $340 million

Free cash flow2 $1.0 - 1.15 billion

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

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