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Sep 30, 2020
TechnipFMC Q3 2020 Earnings Report
TechnipFMC reported solid operational results driven by strong execution across all segments.
Key Takeaways
TechnipFMC announced strong operational results in Q3 2020, driven by strong execution across all segments. The company achieved its targeted cost savings of more than $350 million ahead of schedule and reported inbound orders of $2.2 billion. U.S. GAAP diluted loss per share was $0.01, while adjusted diluted earnings per share was $0.16.
Solid operational results driven by strong execution across all segments
Total Company inbound orders of $2.2 billion; Subsea book-to-bill of 1.1
Achieved targeted cost savings of more than $350 million ahead of schedule
Cash flow from operations of $168 million; free cash flow of $95 million
Revenue by Segment
Forward Guidance
The Company’s full-year guidance for 2020 can be found in the table below. No updates were made to the previous guidance that was issued on July 29, 2020. All segment guidance assumes no further material degradation from COVID-19-related impacts.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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