TechnipFMC (FTI) Misses Q1 EPS by 33c
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TechnipFMC Announces First Quarter 2020 Results
April 22, 2020 4:15 PM EDTBacklog of $22 billion, $5.6 billion in cash and liquidity Cost savings target increased and will now exceed $350 million Executive salaries and Directors retainer reduced up to 30% through year-end Dividend distribution for 2020 reduced by 75% versus the prior year Updated outlook reflects uncertainty related to COVID-19 and customer spend U.S. GAAP diluted loss per share was $7.28 Includes total after-tax charges, net of credits, of $7.17 per diluted share, primarily driven by non-cash impairment charges Adjusted diluted loss per share, excluding... More
