TechnipFMC Q1 2023 Earnings Report
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
iEPCIâ„¢ 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
TechnipFMC
TechnipFMC
TechnipFMC 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.