UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 United Kingdom 98-1283037 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) One Subsea Lane Houston, Texas United States of America 77044 (Addresses of ...

TechnipFMC plc (NYSE:FTI) Q1 2023 Earnings Conference Call March 27, 2023 8:30 AM ET Company Participants Matt Seinsheimer - Senior Vice President, Investor Relations and Corporate Development Douglas J. Pferdehirt - Chair and Chief Executive Officer Alf Melin - Executive Vice President and Chief Financial Officer Conference Call Participants Marc Bianchi - TD Cowen Chase Mulvehill - Bank of America Scott Gruber - Citigroup Arun Jayaram - J.P. Morgan Guillaume Delaby - Societe Generale David Anderson - Barc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ . Commission File Number: 001-37983 TechnipFMC plc (Exact name of registrant as specified in its charter) United Kingdom 98-1283037 (State or other jurisd ...

TechnipFMC plc (NYSE:FTI) Q4 2022 Earnings Conference Call February 23, 2023 8:30 AM ET Company Participants Matt Seinsheimer – Senior Vice President-Investor Relations and Corporate Development Doug Pferdehirt – Chair and Chief Executive Officer Alf Melin – Executive Vice President and Chief Financial Officer Conference Call Participants David Anderson – Barclays Arun Jayaram – JPMorgan Scott Gruber – Citigroup Kurt Hallead – Benchmark Marc Bianchi – Cowen Operator Thank you for holding, and welcome everyo ...

Financial Performance - Revenue for 2022 was $6,700.4 million, an increase of $296.9 million or 4.6% compared to 2021[280]. - Gross profit margin improved to 13.4% in 2022 from 12.9% in 2021, driven by better margins in backlog and increased installation and service activities[282]. - Selling, general and administrative expenses decreased by $28.1 million year-over-year, reflecting reduced costs in support functions[283]. - Restructuring and impairment expenses were $15.2 million in 2022, significantly lower than $66.7 million in 2021, primarily due to exiting operations in Russia and Canada[284]. - Other income decreased by $41.2 million year-over-year, impacted by foreign currency losses of $23.9 million in 2022 compared to a gain of $15.8 million in 2021[285]. - Income from equity affiliates increased to $44.6 million in 2022 from $0.6 million in 2021, driven by higher operational activity[286]. - Net income attributable to TechnipFMC plc was a loss of $107.2 million in 2022, compared to a profit of $13.3 million in 2021[279]. - Cash provided by operating activities from continuing operations decreased to $352.1 million in 2022 from $715.0 million in 2021, a decline of about 50.8%[306]. - Free cash flow from continuing operations was $194.2 million in 2022, down from $523.3 million in 2021, representing a decrease of approximately 63.0%[310]. Orders and Backlog - Subsea inbound orders grew to $6.7 billion in 2022, an increase of 36 percent compared to the prior year, with expectations for 2023 to exceed $8 billion[270]. - Total inbound orders for 2022 were $8,079.1 million, up from $6,754.2 million in 2021, with Subsea orders increasing significantly[300]. - As of December 31, 2022, the total order backlog increased to $9.35 billion, up from $7.66 billion in 2021, representing a growth of approximately 22%[301]. - The Subsea order backlog reached $8.13 billion, an increase of $1.6 billion from $6.53 billion in 2021, indicating a growth of about 24.5%[301]. - The Surface Technologies order backlog increased by $96.8 million to $1.22 billion, a rise of approximately 8.6% compared to the previous year[302]. Market and Economic Outlook - The average Brent crude oil price was just under $100 per barrel in 2022, with projections indicating prices will remain elevated in the intermediate term[268]. - The global economy is forecasted to grow in 2023, with energy demand expected to increase, driven by recovery in Asia Pacific and geopolitical tensions supporting oil prices[258][259]. - Approximately 80 percent of total sales in 2022 were recognized outside of the United States, highlighting the company's international market focus[255]. - The Surface Technologies segment generated 55 percent of its revenue from international markets in 2022, indicating strong global demand[273]. Strategic Initiatives - The company is committed to the energy transition, focusing on offshore floating renewables and hydrogen as part of its strategy[262]. - The company signed an Option to Lease Agreement for the ScotWind N3 area, which will install 33 floating wind turbines with a total capacity of approximately 500 megawatts[263]. - The company has commenced work on a 10-year framework agreement with Abu Dhabi National Oil Company, enhancing its presence in the Middle East[275]. - The introduction of configure-to-order (CTO) has resulted in up to 25 percent lower product costs and a shortened 12-month delivery time for subsea production equipment[267]. Financial Position and Debt - Net debt improved to $(309.5) million in 2022 from $(677.5) million in 2021, reflecting a reduction of approximately 54.3%[305]. - Projected capital expenditures for 2023 are estimated to be approximately $250 million, reflecting the company's strategy to align spending with market demand[319]. - The company maintained compliance with all debt covenants as of December 31, 2022, with $954.6 million available under the Revolving Credit Facility[312]. Tax and Regulatory Matters - The company maintains a $70.0 million provision related to an ongoing investigation by the PNF concerning historical projects in Equatorial Guinea and Ghana[345]. - The company recognizes tax benefits related to uncertain tax positions when it is more likely than not that such positions will be sustained upon examination[331]. - The complexity of tax law application may result in payments that differ materially from current estimates, impacting future income tax expense[331]. Currency and Foreign Exchange - A 10% increase or decrease in average exchange rates of all foreign currencies as of December 31, 2022, would have changed the company's revenue by approximately $318.6 million and income before income taxes by $2.1 million[350]. - A 10% increase in the value of the U.S. dollar would have resulted in an additional loss of $61.9 million in the net fair value of cash flow hedges as of December 31, 2022[352]. - The company assesses the effectiveness of forward foreign currency contracts designated as cash flow hedges based on changes in fair value attributable to changes in spot rates[353]. Pension and Employee Benefits - The actuarial assumptions and estimates made by management regarding pension benefit obligations may materially differ from actual results due to changing market conditions[335]. - A 25 basis point decrease in the expected long-term rate of return on plan assets would increase pension expense by $2.8 million[336]. - The company engages third-party specialists to assist in evaluating assumptions related to pension benefits, which are critical accounting estimates[333].

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------------------------|-------|------------|-------------|-------|-------------------------------|-------|----------------------------------------------------------------|------------------------------|--------|-------|-----------------| | Revenue | | Subsea \n$ | 1,415.0 $ | | Surface Technologies \n318.0 | $ | Three Months Ended September 30, 2022 \nCorporate Expense \n— | Foreign Exchange, net \n ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to _____ . Commission File Number: 001-37983 United Kingdom 98-1283037 United Kingdom NE6 3PL +44 191-295-0303 (Registrant's telephone number, including area c ...

TechnipFMC plc (NYSE:FTI) Q3 2022 Earnings Conference Call October 27, 2022 8:00 AM ET Company Participants Matt Seinsheimer - SVP, IR and Corporate Development Doug Pferdehirt - Chairman and CEO Alf Melin - EVP and CFO Conference Call Participants David Anderson - Barclays Arun Jayaram - JPMorgan Chase Mulvehill - Bank of America Guillaume Delaby - Societe Generale Mark Bianchi - Cowen Operator Thank you for holding, and welcome everyone to the TechnipFMC Third Quarter Earnings Conference Call. [Operator I ...

Q3 2022 Earnings Call Presentation October 27, 2022 Disclaimer Forward-looking statements This communication contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statement usually relate to future events and anticipated revenues, earnings, cash flows, or other aspects of our operations or operating results. Forward-looking statements are often ...

TechnipFMC plc (NYSE:FTI) Q2 2022 Earnings Conference Call July 28, 2022 8:00 AM ET Company Participants Matt Seinsheimer - Senior Vice President, Investor Relations & Corporate Development Doug Pferdehirt - Chairman & Chief Executive Officer Alf Melin - Executive Vice President & Chief Financial Officer Conference Call Participants Chase Mulvehill - Bank of America Mark Wilson - Jefferies David Anderson - Barclays Arun Jayaram - JPMorgan Marc Bianchi - Cowen Waqar Syed - ATB Capital Markets Operator Thank ...