TechnipFMC (FTI) Announces $400M Share Buyback

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Go back to TechnipFMC (FTI) Announces $400M Share Buyback

TechnipFMC Announces $400 Million Share Repurchase Authorization

July 27, 2022 4:10 PM EDT

NEWCASTLE & HOUSTON--(BUSINESS WIRE)-- TechnipFMC (NYSE: FTI) (TechnipFMC or the Company) announced today that its Board of Directors has authorized a new share repurchase program under which the Company may repurchase up to $400 million of its outstanding ordinary shares. The program represents 14 percent of the Company's outstanding shares at yesterdays closing price.

Doug Pferdehirt, TechnipFMCs Chair and CEO, stated, The rapid improvement in our capital structure has enabled us to accelerate our plan for shareholder distributions. We firmly believe that our shares are undervalued today, and this share repurchase program underscores our... More