TechnipFMC (FTI) to Sell Part of Its Stake in Technip Energies N.V.

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Go back to TechnipFMC (FTI) to Sell Part of Its Stake in Technip Energies N.V.

TechnipFMC (FTI) Tops Q1 EPS by 4c, Revenues Beat

April 27, 2021 4:24 PM EDT

TechnipFMC (NYSE: FTI) reported Q1 EPS of ($0.03), $0.04 better than the analyst estimate of ($0.07). Revenue for the quarter came in at $1.63 billion versus the consensus estimate of $1.53 billion.

Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated, Our first quarter as a leading pure play, technology and services provider to both traditional and new energy industries was an exceptional start. Total Company adjusted EBITDA from continuing operations was $165 million, with free cash flow of $137 million. We delivered solid financial results in both Subsea and Surface Technologies, largely driven by strong operational execution. We also announced new... More