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Mar 31, 2023
TechnipFMC Q1 2023 Earnings Report
Announced first quarter 2023 results, highlighted by strong Subsea inbound orders and increased total company backlog.
Key Takeaways
TechnipFMC reported solid operational performance in Q1 2023, with total company revenue of $1.7 billion and adjusted EBITDA of $155 million excluding foreign exchange. The company had strong inbound orders of $2.9 billion, driving sequential growth in backlog to $10.6 billion. Subsea inbound orders were $2.5 billion, representing a book-to-bill of 1.8.
Subsea inbound orders of $2.5 billion; book-to-bill of 1.8
iEPCI™ represented more than 50% of Subsea inbound orders
Total Company backlog increased 13% sequentially to $10.6 billion
Repurchased $50 million of shares; $150 million of buyback program completed
Revenue by Segment
Forward Guidance
The Company’s full-year guidance for 2023 can be found in the table below. No updates were made to the previous guidance that was issued on February 23, 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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