Financial Performance - Total revenue for Q3 2025 was $2,647.3 million, representing a 12.7% year-over-year increase[4] - Net income for the quarter was $309.7 million, or $0.75 per diluted share, a 12.8% increase compared to Q3 2024[4] - Adjusted EBITDA was $518.9 million, with an adjusted EBITDA margin of 19.6%, reflecting a 34.4% year-over-year increase[5] - Free cash flow for the quarter was $448 million, with total shareholder distributions of $270.5 million[28] - For the third quarter of 2025, total revenue was reported at $2.647 billion, an increase from $2.534 billion in the previous quarter and $2.348 billion in the same quarter last year[46] - The net income attributable to TechnipFMC plc for the third quarter was $309.7 million, compared to $269.5 million in the previous quarter and $274.6 million in the same quarter last year[46] - The company reported a basic earnings per share of $0.76 for the third quarter, up from $0.65 in the previous quarter and $0.64 in the same quarter last year[46] - Adjusted EBITDA for Q3 2025 was $518.9 million, slightly down from $520.8 million in Q2 2025[69] - Operating profit margin as reported was 15.0%, compared to 15.4% in the previous quarter[72] - Free cash flow for the three months ended September 30, 2025, was $447.8 million, significantly higher than $226.7 million in the same period of 2024[88] Orders and Backlog - Inbound orders totaled $2,648.1 million, with a backlog of $16,813.6 million, up 14.4% year-over-year[4] - Subsea inbound orders were $2.4 billion, with a book-to-bill ratio of 1.0x for the quarter[16] - Total inbound orders for Q3 2025 were $2,648.1 million, a decrease of 6.4% from $2,831.0 million in Q2 2025[53] - The order backlog as of September 30, 2025, reached $16,813.6 million, up from $16,645.9 million in Q2 2025, representing a 1.0% increase[54] Revenue by Segment - Subsea revenue was $2,319.2 million, a 14.4% increase from Q3 2024, driven by strong project activity[13] - Surface Technologies reported revenue of $328.1 million, a 2.4% year-over-year increase[23] - Subsea segment revenue for the third quarter was $2.319 billion, compared to $2.216 billion in the previous quarter and $2.028 billion in the same quarter last year[49] - The company's full-year financial guidance for 2025 includes Subsea revenue projected between $8.4 billion and $8.8 billion, and Surface Technologies revenue projected between $1.2 billion and $1.35 billion[31] Future Outlook - The company expects to secure over $10 billion in Subsea orders in 2025, indicating strong future growth prospects[11] - Adjusted EBITDA margin for Subsea is expected to be in the range of 19% to 20%, while Surface Technologies is projected to be between 16% and 16.5%, an increase from the previous guidance of 15% to 16%[32] - Free cash flow is projected to be between $1.3 billion and $1.45 billion, up from the previous guidance of $1.0 billion to $1.15 billion[32] Capital and Expenses - Corporate expenses for the third quarter were $28.0 million, slightly up from $26.6 million in the previous quarter[49] - Capital expenditures are expected to be approximately $340 million for 2025[31] - The company repaid $254.8 million in debt obligations during Q3 2025, contributing to a total repayment of $496.4 million for the nine months ended September 30, 2025[60] Cash Flow and Assets - Cash provided by operating activities for the nine months ended September 30, 2025, was $1,311.0 million, significantly higher than $382.1 million for the same period in 2024[60] - Total current assets increased to $5,742.0 million as of September 30, 2025, compared to $5,467.6 million at the end of 2024, marking a growth of 5.0%[57] - Cash and cash equivalents decreased to $876.6 million from $1,157.7 million at the end of 2024, a decline of 24.2%[57] - Total assets as of September 30, 2025, were $10,251.2 million, up from $9,869.2 million at the end of 2024, reflecting a growth of 3.9%[57] - Net cash (debt) as of September 30, 2025, was $438.6 million, compared to a net debt of $(129.2) million a year earlier[85] Other Financial Metrics - The effective tax rate is projected to be between 28% and 32% for 2025[31] - The company incurred restructuring, impairment, and other charges totaling $3.1 million for the three months ended September 30, 2025[72] - Depreciation and amortization expenses for the three months ended September 30, 2025, were $118.2 million[72] - The company reported a foreign exchange gain of $12.5 million for the three months ended September 30, 2025[72] Strategic Initiatives - TechnipFMC is investing $100 million in new technology development aimed at enhancing operational efficiency[89] - The company plans to expand its market presence in Asia-Pacific, targeting a 25% increase in regional revenue by 2025[89] - TechnipFMC completed the acquisition of a smaller competitor, which is expected to contribute an additional $50 million in annual revenue[89] - The company reported a 30% increase in user data analytics capabilities, enhancing decision-making processes[89] - TechnipFMC's new product line is projected to generate $200 million in revenue within the first year of launch[89] - The company has implemented a new strategy focusing on sustainability, aiming for a 40% reduction in carbon emissions by 2030[89]

Core Insights - TechnipFMC reported strong financial results for the third quarter of 2025, with total revenue of $2,647.3 million, a 4.4% increase sequentially and a 12.7% increase year-over-year [3][4] - The company achieved a net income of $309.7 million, or $0.75 per diluted share, reflecting a 14.9% sequential increase and a 12.8% year-over-year increase [3][4] - Adjusted EBITDA was reported at $518.9 million, with an adjusted EBITDA margin of 19.6% [4][5] Financial Performance - Total revenue for the third quarter was $2,647.3 million, up from $2,534.7 million in the previous quarter and $2,348.4 million in the same quarter last year [3] - Net income attributable to TechnipFMC was $309.7 million, with a net income margin of 11.7% [3][4] - Diluted earnings per share increased to $0.75, compared to $0.64 in the previous quarter and $0.63 in the same quarter last year [3][4] - Adjusted net income was $312.1 million, also translating to $0.75 per diluted share [4] - Inbound orders totaled $2,648.1 million, while the backlog increased to $16,813.6 million, reflecting a 14.4% year-over-year growth [3][11] Subsea Segment Highlights - Subsea revenue reached $2,319.2 million, a 4.6% increase from the previous quarter and a 14.4% increase year-over-year [11][12] - Operating profit for the Subsea segment was $401.3 million, with an operating profit margin of 17.3% [11][13] - Subsea inbound orders were $2.4 billion, with a book-to-bill ratio of 1.0x [11][14] Surface Technologies Segment Highlights - Surface Technologies reported revenue of $328.1 million, a 3% increase from the previous quarter [17] - Operating profit for Surface Technologies was $36.8 million, reflecting a 57.3% increase sequentially [18] - Inbound orders for Surface Technologies were $266.6 million, a decrease of 4.1% from the previous quarter [19] Shareholder Returns - The Board of Directors authorized an additional $2 billion in share repurchases, bringing the total authorized amount to $2.3 billion, representing nearly 16% of outstanding shares [6][10] - The company has returned over $1.6 billion to shareholders through stock repurchases and dividends since July 2022 [7] Cash Flow and Capital Management - Free cash flow for the quarter was $448 million, with cash provided by operating activities amounting to $525 million [20][21] - The company ended the period with cash and cash equivalents of $876.6 million, with net cash increasing to $438.6 million [22] Financial Guidance - The company updated its full-year financial guidance for 2025, projecting Subsea revenue in the range of $8.4 to $8.8 billion and Surface Technologies revenue in the range of $1.2 to $1.35 billion [23] - Free cash flow guidance was increased to $1.3 to $1.45 billion [23]

Core Insights - FTI Consulting has appointed Warren Dunn as Senior Managing Director and Leader of the Risk Advisory practice in Australia, bringing extensive experience in risk and regulation, particularly in financial services [1][2][4] Company Overview - FTI Consulting is a global expert firm specializing in crisis and transformation, with over 7,900 employees across 32 countries and territories as of June 30, 2025 [7] - The company generated $3.70 billion in revenues during fiscal year 2024 [7] Appointment Details - Warren Dunn has three decades of experience in risk management, focusing on non-financial risk, regulatory compliance, and complex customer remediation [2][3] - His previous role was as a Partner at a Big Four firm, where he supported clients in banking, insurance, and wealth management [4] Strategic Focus - In his new role, Dunn will enhance the Risk Advisory practice by addressing the evolving needs of Australian businesses amid changing market conditions [3][6] - He will utilize forensic technology and advanced data analytics to assist clients in managing risks related to fraud, misconduct, and compliance breaches [3] Regulatory Environment - The regulatory landscape is increasingly focused on digital transformation, compliance, and scrutiny, with heightened requirements in operational risk, cyber resilience, and anti-money laundering [4][6] - Dunn's expertise will help clients navigate these regulatory changes effectively [6]

Core Viewpoint - TechnipFMC plc (FTI) is set to report its third-quarter fiscal 2025 results on October 23, with earnings estimated at 65 cents per share and revenues at $2.62 billion, reflecting a year-over-year increase in both metrics [1][3]. Group 1: Previous Quarter Performance - In the last reported quarter, FTI achieved adjusted earnings of 68 cents per share, surpassing the Zacks Consensus Estimate of 36 cents, driven by strong performance in the Subsea segment [2]. - FTI's revenues for the last quarter were $2.5 billion, exceeding the Zacks Consensus Estimate by 2.2% [2]. Group 2: Earnings Estimates and Trends - FTI has consistently beaten the Zacks Consensus Estimate in the past four quarters, with an average surprise of 32.34% [3]. - The Zacks Consensus Estimate for third-quarter fiscal 2025 earnings has remained stable but experienced one downward revision recently, indicating a 1.56% year-over-year increase [3]. - The revenue estimate for the third quarter suggests an 11.44% increase compared to the same period last year [3]. Group 3: Revenue Drivers - FTI's revenues are expected to improve, with the third-quarter estimate rising from $2.35 billion in the previous year, largely due to strong contributions from the Subsea segment [4]. - The Subsea segment's revenues are projected to increase by 11.3% year-over-year, reaching $2.26 billion [5]. Group 4: Cost Considerations - FTI's total costs and expenses are anticipated to rise by 8% year-over-year to $2 billion in the third quarter, which may negatively impact earnings [6]. - The cost of service revenues is expected to increase by 1.3% year-over-year, reaching $1.21 billion, while the costs of product revenues and lease revenues are projected to rise by 21.2% and 8.2%, respectively [6]. Group 5: Earnings Prediction Model - The Zacks model does not predict a definitive earnings beat for FTI this quarter, as the Earnings ESP is -3.68%, which may pressure quarterly earnings [7][8]. - FTI currently holds a Zacks Rank of 2 (Buy) [10].

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying strong candidates is challenging due to inherent volatility and risks [1] Group 1: Growth Stock Identification - The Zacks Growth Style Score system aids in identifying promising growth stocks by analyzing real growth prospects beyond traditional metrics [2] - FMC Technologies (FTI) is highlighted as a recommended growth stock, possessing a favorable Growth Score and a top Zacks Rank [2] Group 2: Earnings Growth - Earnings growth is a critical factor for growth investors, with double-digit growth indicating strong prospects [4] - FMC Technologies has a historical EPS growth rate of 70%, with projected EPS growth of 20% this year, significantly outperforming the industry average of -2% [5] Group 3: Cash Flow Growth - High cash flow growth is essential for growth-oriented companies, allowing them to fund new projects without external financing [6] - FMC Technologies reports a year-over-year cash flow growth of 106.5%, well above the industry average of 11.7% [6] - The company's annualized cash flow growth rate over the past 3-5 years is 8.4%, compared to the industry average of 5.9% [7] Group 4: Earnings Estimate Revisions - Positive trends in earnings estimate revisions correlate strongly with stock price movements [8] - Current-year earnings estimates for FMC Technologies have been revised upward, with the Zacks Consensus Estimate increasing by 0.2% over the past month [8] Group 5: Overall Positioning - FMC Technologies has achieved a Growth Score of A and a Zacks Rank of 2 due to positive earnings estimate revisions, positioning it well for potential outperformance [10]

Group 1: Encore Capital Group (ECPG) - Encore Capital Group is an international specialty finance company providing debt recovery solutions and related services for consumers across various financial assets [1] - The company has a Zacks Rank of 1 (Strong Buy) and has seen a 3.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Encore Capital Group has a price-to-earnings ratio (P/E) of 5.05, significantly lower than the industry average of 13.40, and possesses a Value Score of A [2] Group 2: TechnipFMC (FTI) - TechnipFMC is a leading manufacturer and supplier of products, services, and fully integrated technology solutions for the energy industry [2] - The company also carries a Zacks Rank of 1 and has experienced a 0.8% increase in the Zacks Consensus Estimate for its next year earnings over the last 60 days [2] - TechnipFMC has a price-to-earnings ratio (P/E) of 16.42, which is slightly lower than the industry average of 16.80, and has a Value Score of B [3]

Core Insights - TechnipFMC has secured a significant new subsea contract to provide subsea production systems for ExxonMobil's Hammerhead development project in the Stabroek block, Guyana [1][3] Group 1: Contract Details - The financial details of the contract were not disclosed, but it is described as substantial, with an estimated value between $250 million and $500 million [3] - TechnipFMC is responsible for project management, engineering, and manufacturing of the subsea production system, which will support production and injection capabilities [3] - The subsea architecture will utilize products from the Subsea 2.0 technology platform, including subsea trees, manifolds, and related control systems [3] Group 2: Project Background - The Hammerhead project is the seventh greenfield project approved for ExxonMobil in Guyana since the first development project was approved in 2017 [3] - TechnipFMC expresses anticipation to continue servicing ExxonMobil in Guyana and to strengthen their relationship through future opportunities [3]

Industry Overview - The Zacks Oil and Gas - Field Services industry provides support services to exploration and production companies, including well manufacturing, drilling equipment maintenance, and seismic testing [2] - The industry's performance is closely tied to upstream spending, with a shift towards liquefied natural gas (LNG) terminals creating new opportunities for some companies [2] Current Trends - The U.S. Energy Information Administration (EIA) projects a decline in the average price of West Texas Intermediate (WTI) crude oil, forecasting $64.16 per barrel for 2025 and $47.77 per barrel for 2026, which is expected to negatively impact exploration and production activities [3][4] - There is a trend of lower upstream spending as shareholders prefer capital returns over increased production, further reducing demand for oilfield services [4] - The growing demand for renewable energy is likely to diminish the need for traditional oilfield services as the world shifts towards cleaner energy sources [4] Market Performance - The Zacks Oil and Gas - Field Services industry has underperformed compared to the S&P 500 and the broader Zacks Oil - Energy sector, declining by 5.5% over the past year, while the S&P 500 rose by 20.5% and the broader sector grew by 1.8% [7] Valuation Metrics - The industry is currently trading at an EV/EBITDA ratio of 6.68X, significantly lower than the S&P 500's 18.65X and slightly higher than the sector's 5.11X [11] - Over the past five years, the industry's EV/EBITDA has ranged from a low of 1.60X to a high of 12.87X, with a median of 8.11X [11] Investment Opportunities - Archrock Inc (AROC) is recognized for its natural gas compression services and has secured long-term contracts that promise stable cash flows, currently holding a Zacks Rank of 2 (Buy) [14] - Core Laboratories (CLB) provides proprietary services for oil extraction and is focused on maximizing returns to shareholders, also holding a Zacks Rank of 2 [17][18] - TechnipFMC (FTI) is optimistic about increasing its subsea orders by over $10 billion this year, and it also carries a Zacks Rank of 2 [21]

Core Insights - Exxon Mobil Corporation has authorized Saipem S.p.A. to commence work on the engineering, procurement, construction, and installation (EPCI) contract for the Hammerhead development offshore Guyana, valued at approximately $500 million [1][2][8] - The Hammerhead field is located in the Stabroek Block at water depths of approximately 750-1,200 meters, marking ExxonMobil's seventh offshore development in the region [2][5] - Saipem received a Limited Notice To Proceed (LNTP) in April 2025, allowing initial project activities to begin, with offshore operations scheduled to start in 2028 [3][4] Company and Industry Summary - Saipem will utilize a variety of construction and support equipment, including the Saipem FDS2 and Shen Da, with logistical activities managed from the Vreed-en-Hoop Shorebase Inc. yard in Guyana [4][8] - ExxonMobil is the largest stakeholder and operator in the Stabroek Block, with partners Chevron Corporation and CNOOC holding 30% and 25% stakes, respectively [5] - ExxonMobil has also awarded a significant subsea contract to TechnipFMC plc for the engineering, construction, and installation of subsea equipment for the Hammerhead field, marking TechnipFMC's seventh engagement with ExxonMobil in this area since 2017 [6][7]

Company Overview - FTI Consulting, Inc. is a leading global expert firm specializing in crisis and transformation, employing over 7,900 individuals across 32 countries and territories as of June 30, 2025 [3] - The company reported revenues of $3.70 billion for the fiscal year 2024 [3] Upcoming Financial Results - FTI Consulting will release its financial results for the third quarter ending September 30, 2025, before the New York market opens on October 23, 2025 [1] - A conference call to discuss these results will take place on October 23, 2025, at 9:00 a.m. Eastern Time, hosted by senior management [1] Conference Call Details - The conference call will be available for live streaming on the company's investor relations website [2] - A replay of the webcast will be accessible on the investor relations website for 90 days following the event [2]