Core Viewpoint - TechnipFMC is viewed as a buying opportunity despite recent sell-offs in energy equities, supported by strong fundamentals and a resilient offshore macro environment [3][16]. Financial Performance - TechnipFMC has demonstrated significant growth in backlog, revenue, and free cash flow, with a year-over-year revenue growth of 29.21% and EBITDA growth of 54.75% [2][6]. - The company's backlog as of June 30, 2024, stands at $12.9 billion, indicating strong future revenue visibility [7]. - Free cash flow has increased by 140%, showcasing effective cash management [6]. Market Dynamics - The subsea segment of TechnipFMC is experiencing double-digit growth despite falling oil prices, attributed to long lead times in offshore oil and gas infrastructure projects [4][5]. - The Surface Technology segment, however, is underperforming due to its exposure to onshore sales [5]. Strategic Initiatives - Management has successfully implemented Subsea 2.0 and iEPCI platforms, which streamline operations and reduce costs for clients, leading to improved project economics [8][10]. - The integrated approach of these platforms is expected to lower breakeven costs for customers, driving demand for TechnipFMC's services [11]. Shareholder Returns - The company has engaged in stock buybacks amounting to approximately $300 million year-to-date, providing a 6% annualized buyback yield, which is expected to support stock price recovery [12]. - Wall Street analysts have set an average price target of $30.16 for TechnipFMC, suggesting a potential upside of 24.37% [13]. Growth Outlook - TechnipFMC is positioned for secular growth within the energy sector, with strong growth metrics compared to sector averages, including a revenue growth grade of A [14][16].

WASHINGTON, Sept. 12, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Jeff Wray as a Senior Managing Director and Industry Growth and Strategy Leader within the Corporate Finance & Restructuring segment. Mr. Wray will focus on building industry teams across the firm's strategy, transformation and transactions capabilities and will lead the new Consumer & Retail industry practice within FTI Delta, the strategy consulting practice of FTI Consulting. Mr. Wray, who i ...

Jean-Werner de T'Serclaes Joins as Co-Leader of France and Leader of the Firm's Cross-Segment Financial Services Offerings in EMEA Ramon Baeza Joins as Energy Lead and Enhances Business Transformation Capabilities in Spain Wim Gysegom Boosts Chemicals and Automotive Operational Transformations Offering in the UK and EMEA LONDON, Sept. 10, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today continued investment in its Corporate Finance & Restructuring segment in Europe, the Middle East and Africa ...

WASHINGTON, Sept. 03, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Juli Saitz as a Senior Managing Director in the Dispute Advisory Services practice within the firm's Forensic and Litigation Consulting segment. Ms. Saitz, who is based in New York, has more than 25 years of experience providing forensic accounting and financial and economic analysis for litigation matters. She has extensive experience delivering expert testimony across a variety of industries ...

Leading oilfield services provider, TechnipFMC plc (FTI) has given an impressive performance over the past year. The company also has strong earnings trends to back up its performance. This UK-headquartered company, in its current form, came into existence following the January 2017 merger between Technip and FMC Technologies. TechnipFMC is a manufacturer and supplier of products, services and fully integrated technology solutions for the energy industry. It is engaged in designing, producing and servicing ...

FTI Consulting Inc. (FCN) had an impressive run over the year-to-date period. The stock has gained 13% compared with the 9.9% rally of its industry. FCN reported impressive second-quarter 2024 results. Quarterly earnings per share of $2.34 surpassed the Zacks Consensus Estimate by 19.4% and increased 33.7% year over year. Total revenues of $949.2 million beat the consensus mark by 2.1% and increased 9.8% from the year-ago quarter. How is FTI Consulting Doing? FCN's top line is aided by its diversified offer ...

Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is FMC Technologies (FTI) one of those stocks right now? Let's take a closer look at the stock's yearto-date performance to find out. FMC Technologies is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within th ...

Industry Overview - The global subsea market is projected to exceed $42 billion in capital investments by 2027, with a compound annual growth rate (CAGR) of 10% expected from 2024 to 2027, driven by increased operator spending on subsea equipment and installation services [1] Subsea Market Segmentation - Deepwater projects are anticipated to dominate the subsea market, representing 45% of the segment from 2024 to 2028, with significant initiatives in Brazil and Norway [2] - Ultra-deepwater developments are expected to capture 35% of the market, particularly in Brazil and Guyana, which are projected to lead in subsea installations [3] Emerging Opportunities - The subsea sector is expanding beyond traditional oil and gas, with the drive for Carbon Capture and Storage (CCS) creating new opportunities and necessitating innovation within the market [4] Key Companies - Companies like TechnipFMC and SLB are well-positioned to benefit from the projected capital influx in subsea projects, particularly in Brazil, Norway, and Guyana [5] - TechnipFMC is recognized for optimizing subsea fields and has a significant role in ExxonMobil's and Petrobras' subsea projects [6] - SLB, through its joint venture OneSubsea, focuses on transforming subsea production economics and reducing emissions, leveraging deep reservoir expertise and advanced technology [7]

Core Insights - FTI Consulting is expanding its global Construction, Projects & Assets practice with the appointments of Thomas Thompson and Stuart McIvor to enhance expertise and address evolving industry challenges [1][3][6] Company Overview - FTI Consulting, Inc. is a global business advisory firm with over 8,000 employees in 33 countries, generating $3.49 billion in revenues during fiscal year 2023 [8] Appointments and Expertise - Thomas Thompson brings over 30 years of experience in construction and engineering, focusing on project management advisory, operational cost estimating, and contract negotiations [2][3] - Stuart McIvor has nearly 20 years of experience in forensic delay analysis and dispute resolution across various regions including the UK, Europe, Middle East, and Asia-Pacific [4][5] Industry Challenges - The construction industry is facing increasing complexity, regulatory requirements, supply chain disruptions, and skilled labor shortages, necessitating tailored solutions for project management [4][7] Service Offerings - FTI Consulting provides a wide array of advisory services to support clients throughout the asset lifecycle, addressing technical, commercial, and legal challenges in the construction sector [7]

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...