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Sep 30, 2023
TechnipFMC Q3 2023 Earnings Report
TechnipFMC's Q3 2023 performance was marked by strong subsea inbound orders and improved profitability in both Subsea and Surface Technologies segments.
Key Takeaways
TechnipFMC announced strong Q3 2023 results, with Subsea inbound orders of $1.8 billion and a total backlog of $12.1 billion. The company's operating results for both segments are now expected to be above the midpoint of full-year guidance. Total Company revenue was $2,056.9 million, with adjusted income from continuing operations at $93.7 million, or $0.21 per diluted share. Free cash flow was $178 million.
Subsea inbound orders were strong at $1.8 billion in the quarter.
Adjusted EBITDA improved sequentially for both Subsea and Surface Technologies, exceeding previous guidance.
Subsea orders are expected to exceed $9 billion for the full year.
The company believes orders over the next five quarters will approach $11 billion.
Revenue by Segment
Forward Guidance
TechnipFMC's full-year guidance for 2023 was originally issued on February 23, 2023, and remains unchanged.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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