TechnipFMC Announces Third Quarter 2020 Results

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Go back to TechnipFMC Announces Third Quarter 2020 Results

TechnipFMC (FTI) Misses Q3 EPS by 6c

October 21, 2020 4:19 PM EDT

TechnipFMC (NYSE: FTI) reported Q3 EPS of $0.16, $0.06 worse than the analyst estimate of $0.22. Revenue for the quarter came in at $3.34 billion versus the consensus estimate of $3.29 billion.

Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated, We delivered strong operational results in the third quarter. All three segments delivered sequential improvement in adjusted EBITDA margin, with total Company adjusted EBITDA of $321 million and a margin of 9.6 percent. These results were achieved working collaboratively with our clients, where our innovative solutions, demonstrated execution excellence and financial strength enabled our project portfolio to progress through a challenging... More