Q4 2024 Earnings Presentation February 27, 2025 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 statements usually relate to future events, market growth and recovery, growth of our new energy business, and anticipated revenues, earnings, cash flows, or other aspects of our operation ...

Press Release TechnipFMC Announces Fourth Quarter 2024 Results Total Company revenue in the fourth quarter was $2,367.3 million. Net income attributable to TechnipFMC was $224.7 million, or $0.52 per diluted share. These results included after-tax charges and credits of $11.5 million of expense, or $0.03 per share, which included the following pre-tax items (Exhibit 6): TechnipFMC.com Page 1 of 26 • Subsea inbound of $2.7 billion in the quarter; full-year orders of $10.4 billion • Total Company backlog of $ ...

WASHINGTON, Feb. 26, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the expansion of its Food & Agribusiness practice with the appointment of Lauren Chupp as a Senior Managing Director within the Corporate Finance & Restructuring segment. Ms. Chupp, who is based in Atlanta, is an experienced advisor to the global food and agriculture industry with nearly two decades of experience in strategy, transactions and transformation services, helping clients navigate the rapidly changing f ...

Core Insights - FMC Technologies is well-positioned to continue its earnings-beat streak, particularly in the upcoming report, with a strong history of exceeding earnings estimates [1][3] - The company has an average surprise of 51.41% over the past two quarters, indicating robust performance [1][2] Earnings Performance - In the last reported quarter, FMC Technologies achieved earnings of $0.64 per share, surpassing the Zacks Consensus Estimate of $0.39 per share by 64.10% [2] - In the previous quarter, the company reported earnings of $0.43 per share against an expectation of $0.31 per share, resulting in a surprise of 38.71% [2] Earnings Estimates - There has been a favorable change in earnings estimates for FMC Technologies, with a positive Earnings ESP of +1.66%, suggesting analysts are optimistic about the company's earnings prospects [3][6] - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) indicates a high likelihood of another earnings beat [6] Predictive Metrics - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [4] - The Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions [5] Upcoming Earnings Report - The next earnings report for FMC Technologies is expected to be released on February 27, 2025 [6]

Core Viewpoint - TechnipFMC plc (FTI) is expected to report fourth-quarter results on February 27, with earnings estimated at 36 cents per share and revenues of $2.3 billion [1]. Group 1: Previous Quarter Performance - In the last reported quarter, FTI exceeded the consensus estimate with adjusted earnings per share of 64 cents, surpassing the Zacks Consensus Estimate of 39 cents [3]. - Revenues for the last quarter were $2.3 billion, slightly above the Zacks Consensus Estimate by 0.5% [3]. - FTI has consistently beaten the Zacks Consensus Estimate in the past four quarters, with an average earnings surprise of 39.25% [3]. Group 2: Estimate Revisions and Year-over-Year Comparisons - The Zacks Consensus Estimate for fourth-quarter fiscal 2024 earnings has remained unchanged over the past week, indicating a year-over-year increase of 157.14% [4]. - The revenue estimate suggests a 10.57% increase compared to the same period last year [4]. Group 3: Factors Influencing Upcoming Results - FTI's revenues are projected to have increased to $2,255.7 million from $2,077.7 million in the previous year, driven by strong performance in the Subsea segment [5]. - The Subsea segment's revenues are expected to rise by 12.4% year-over-year, totaling $1,933.2 million [6]. Group 4: Cost Considerations - Total costs and expenses for FTI are anticipated to have increased by 4.2% year-over-year to $2,020.4 million in the fourth quarter [7]. - The cost-of-service revenues are expected to rise by 31.4% year-over-year, reaching $1,099 million, influenced by inflation and a tight labor market [7]. Group 5: Earnings Prediction Model - The Zacks model does not indicate a definitive earnings beat for FTI this quarter, as the Earnings ESP is -7.04% [8][9]. - FTI currently holds a Zacks Rank of 3, suggesting a neutral outlook [9].

Core Insights - FTI Consulting, Inc. (FCN) reported disappointing fourth-quarter 2024 results, with earnings and revenues missing the Zacks Consensus Estimate [1][2] Financial Performance - Adjusted earnings per share were $1.56, missing the consensus estimate by 6.6% and down 31.6% year-over-year [2] - Revenues totaled $895 million, lagging the consensus estimate by 1.6% and decreasing 3.2% year-over-year [2] Segmental Performance - Technology revenues decreased 10.2% year-over-year to $90.6 million, primarily due to lower demand for M&A-related "second request" services [3] - Economic Consulting revenues remained flat at $206.1 million year-over-year, with higher M&A-related antitrust revenues offset by lower international arbitration and non-M&A-related antitrust revenues [3] - Corporate Finance & Restructuring revenues declined 8.2% year-over-year to $335.7 million, driven by lower demand for transformation & strategy and transactions services [4] - Strategic Communications revenues were flat at $86.6 million year-over-year, with higher demand for financial communications services offset by lower demand for corporate reputation services [4] - Forensic and Litigation Consulting revenues rose 6.3% year-over-year to $175.9 million, with acquisition-related revenues contributing $2.4 million [5] Margins and Cash Flow - Adjusted EBITDA was $73.7 million, down 42.1% year-over-year, with the adjusted EBITDA margin declining 560 basis points to 8.2% [6] - The company exited the quarter with cash and cash equivalents of $660.5 million, up from $386.3 million in the prior quarter, and generated $395.1 million from operating activities [7] 2025 Guidance - FCN revised its 2025 revenue guidance to a range of $3.66 billion to $3.81 billion, with the midpoint lower than the current Zacks Consensus Estimate of $3.87 billion [8] - Estimated EPS for full-year 2025 is projected between $7.44 and $8.24, with the midpoint also lower than the current Zacks Consensus Estimate of $8.63 [9]

Core Viewpoint - FMC Technologies (FTI) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with a consensus outlook suggesting a significant earnings surprise could impact its stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to reveal quarterly earnings of $0.36 per share, reflecting a year-over-year increase of +157.1%, with revenues projected at $2.3 billion, up 10.6% from the previous year [3]. - The consensus EPS estimate has been revised 0.52% lower in the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a negative Earnings ESP of -7.04% for FMC Technologies, suggesting analysts have become bearish on the company's earnings outlook [11][10]. - Despite the negative Earnings ESP, the stock holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [11]. Historical Performance - In the last reported quarter, FMC Technologies exceeded the expected earnings of $0.39 per share by delivering $0.64, resulting in a surprise of +64.10% [12]. - Over the past four quarters, the company has consistently beaten consensus EPS estimates [13]. Industry Context - In the Zacks Oil and Gas - Field Services industry, Kinetik Holdings Inc. (KNTK) is expected to report earnings of $0.37 per share, indicating a year-over-year decline of -78.2%, with revenues projected at $495.33 million, up 42% from the previous year [17]. - Kinetik Holdings has a negative Earnings ESP of -13.51% and a Zacks Rank of 3, complicating predictions for an earnings beat [18].

Core Insights - FTI Consulting reported record revenues and earnings per share for the full year 2024, with revenues of $3.699 billion, a 6.0% increase from $3.489 billion in 2023, and net income of $280.1 million compared to $274.9 million in the prior year [2][4][11]. Financial Performance - Full year 2024 revenues increased by $209.4 million, driven by growth across all business segments [2]. - Net income rose to $280.1 million, influenced by higher revenues, lower income taxes, and a foreign currency remeasurement gain, despite increased compensation and SG&A expenses [2]. - Adjusted EBITDA for 2024 was $403.7 million, representing 10.9% of revenues, down from $424.8 million or 12.2% of revenues in the prior year [2]. Earnings Per Share - Full year 2024 earnings per diluted share (EPS) was $7.81, up from $7.71 in 2023, while adjusted EPS increased to $7.99 from $7.71 [3][11]. Cash Position and Capital Allocation - Net cash provided by operating activities for 2024 was $395.1 million, significantly higher than $224.5 million in 2023, primarily due to increased cash collections [5]. - Cash and cash equivalents at year-end 2024 were $660.5 million, up from $328.7 million at the end of 2023 [6]. - The company repurchased 51,717 shares at an average price of $197.53, totaling $10.2 million, with approximately $450.4 million remaining for future repurchases [7]. Fourth Quarter Results - Fourth quarter 2024 revenues were $894.9 million, a decrease of $29.8 million or 3.2% from $924.7 million in the prior year quarter, primarily due to lower demand in Corporate Finance & Restructuring and Technology segments [8][11]. - Net income for the fourth quarter was $49.7 million, down from $81.6 million in the prior year quarter, impacted by lower revenues and increased expenses [8]. - Fourth quarter adjusted EBITDA was $73.7 million, or 8.2% of revenues, compared to $127.4 million or 13.8% of revenues in the prior year quarter [8]. Segment Performance - Corporate Finance & Restructuring segment revenues decreased by $29.8 million or 8.2% to $335.7 million, primarily due to lower demand for transformation and strategy services [10]. - Forensic and Litigation Consulting segment revenues increased by $10.4 million or 6.3% to $175.9 million, driven by higher demand for data and analytics services [13]. - Economic Consulting segment revenues remained flat at $206.1 million, with higher M&A-related antitrust revenues offset by declines in other areas [14]. - Technology segment revenues decreased by $10.3 million or 10.2% to $90.6 million, primarily due to lower demand for M&A-related services [15]. - Strategic Communications segment revenues were stable at $86.6 million, with mixed demand across services [16]. Future Guidance - For 2025, the company estimates revenues between $3.660 billion and $3.810 billion, with EPS guidance ranging from $7.44 to $8.24 and adjusted EPS between $7.80 and $8.60 [18].

Core Insights - FTI Consulting has strengthened its Corporate Finance & Restructuring segment in Frankfurt by adding Christoph Söhngen and Sebastian Rudow as Senior Managing Directors, following recent promotions within the firm [1][2] Group 1: New Appointments - Christoph Söhngen brings over 16 years of business transformation experience, particularly in the financial services sector, focusing on customer experience, operational efficiency, and cost optimization [2][3] - Sebastian Rudow has extensive experience in finance and restructuring, having held leadership roles in mid-sized European businesses, focusing on operational and financial turnaround [4][5] Group 2: Company Growth and Strategy - The addition of Söhngen and Rudow reflects FTI Consulting's commitment to attracting top talent, which is essential for the firm's continued strong growth [2] - The firm aims to enhance its EMEA-wide transformation capabilities to support clients in navigating complex and dynamic projects, particularly in highly regulated markets like financial services [6] Group 3: Company Overview - FTI Consulting is a global business advisory firm with over 8,300 employees across 34 countries, generating $3.49 billion in revenues during fiscal year 2023 [7]

Core Insights - FTI Consulting has appointed Wael Osman as a Senior Managing Director in its Corporate Finance & Restructuring segment in Saudi Arabia, enhancing the firm's tax services in the Middle East [1][3] - Mr. Osman will spearhead the launch of the tax practice in Saudi Arabia, catering to the expanding regional client base on tax-related matters [2][4] - The appointment reflects FTI Consulting's commitment to growth in the Kingdom during a significant period for its operations in Riyadh [3] Company Overview - FTI Consulting is a global business advisory firm focused on helping organizations manage change, mitigate risk, and resolve disputes across various domains [5] - The company reported revenues of $3.49 billion for the fiscal year 2023, with over 8,300 employees operating in 34 countries [5] Leadership and Expertise - Wael Osman brings over 20 years of experience in tax advisory services, having worked with clients in sectors such as oil and gas, defense, real estate, and healthcare [3] - His previous role as an international tax partner at a Big Four firm involved establishing the tax practice in Riyadh, showcasing his leadership and expertise in the Saudi tax landscape [4]