TechnipFMC plc (FTI) has awarded a contract to Tracerco, an industrial technology company, for delivering its Profiler measurement and control solutions technology to be installed for Petróleo Brasileiro S.A. – Petrobras’ (PBR) Mero 3 High-Pressure Separator (HISEP) pilot project in Brazil.In January 2024, TechnipFMC, currently carrying a Zacks Rank #3 (Hold), originally won an integrated engineering, procurement, construction and installation (iEPCI) contract worth about $1 billion with Petrobras to delive ...

Core Insights - The 2025 Global CFO Report by FTI Consulting indicates that 72% of CFOs expect revenue growth of 10% or more in the next 12 months [1][2] Group 1: CFO Optimism and Expectations - 77% of CFOs from larger companies (revenues over $5 billion) are optimistic about revenue growth despite economic pressures [3] - Mid-market firms (revenues between $100 million and $1 billion) show a decline in optimism, with only 67.5% predicting double-digit growth for 2025, down from 76% in 2024 [4] Group 2: Strategic Role of CFOs - CFOs are increasingly involved in strategic planning beyond traditional financial stewardship, focusing on navigating technological advancements and evolving business models [5] - The role of CFOs is shifting towards driving growth through finance-led decision support and business strategy [6] Group 3: Key Challenges and Priorities - Cybersecurity is a top priority for CFOs, with 75% in North America identifying cyber attacks as a major challenge [8] - 85% of CFOs emphasize the need for improved forecasting capabilities, with 87% planning to use AI tools within the next 12 months [8] Group 4: Changes in CFO Tenure and Outsourcing - The perception of CFO tenure is changing, with a 5% increase in respondents believing CFOs will stay five years or longer [8] - Outsourcing of finance functions has increased by 11% from 2024 to 2025, indicating a reliance on external capabilities for operational efficiency [8]

Group 1 - The core viewpoint is that FTI Consulting, Inc. (FCN) is experiencing top-line growth driven by diversification and international operations, although rising expenses are negatively impacting profitability [1][2][3] - The Zacks Consensus Estimate for FCN's earnings in 2024 is $8.1 per share, reflecting a 5.1% increase from the previous year, while the estimate for 2025 is $8.6 per share, indicating a 6.5% year-over-year growth [1] - International operations contributed nearly 37% of FCN's revenues in 2023, showcasing the company's diverse offerings and global reach as key differentiators from competitors [2] Group 2 - Demand for FCN's services is expected to rise due to increasing regulatory scrutiny and corporate litigation, as companies seek to protect intellectual property and engage in restructuring activities [3] - FTI Consulting has a strong balance sheet with $386 million in cash and cash equivalents and no debt as of September 30, 2024, allowing for potential investments in growth initiatives [4] - The company's liquidity is robust, with a current ratio of 2.09, significantly above the industry average of 1.25, indicating efficient short-term debt coverage [5] Group 3 - FCN's operating expenses have surged, with a year-over-year increase of 10.6% in 2022 and 14.2% in 2023, which may deter investments and affect profitability [7] - The company has not declared dividends and does not plan to do so, which may dissuade dividend-seeking investors from purchasing its stock [8] - FCN currently holds a Zacks Rank of 3 (Hold), while competitors like CRA International, Inc. and Cintas Corporation have better rankings of 2 (Buy) [9][10]

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Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:TechnipFMC plc (FTI) : This energy solutions company has seen the Zacks Consensus Estimate for its current year earnings increasing 16.6% over the last 60 days.NRx Pharmaceuticals, Inc. (NRXP) : This bio-pharmaceutical company has seen the Zacks Consensus Estimate for its current year earnings increasing 46.2% over the last 60 days.Powell Industries, Inc. (POWL) : This custom equipment manufacturer the Zacks Consensus Estimate for its c ...

TechnipFMC plc (FTI) has been awarded a substantial contract by London-based oil major Shell plc’s (SHEL) subsidiary, Shell Nigeria Exploration and Production Company (“SNEPCo”), to provide technological support in the subsea production for the development of the Bonga North project in Nigeria.FTI’s contract with SNEPCo validates its position as a leading provider of technological and innovative solutions in the energy industry.FTI’s Transformative Technology to Enhance EfficiencyFTI’s scope of work under t ...

TechnipFMC plc (FTI) , a Houston, TX-based oil and gas equipment and services company, has received the full notice to proceed with its contract to provide an all-electric subsea system for the Northern Endurance Partnership's (“NEP”) transformative carbon dioxide (CO2) transportation and storage project. This significant development marks a major milestone in the energy transition, particularly within the United Kingdom's East Coast Cluster and supports FTI’s leadership in subsea technologies and carbon ca ...

LONDON, Dec. 11, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the addition of Paul Hirst and Jorge Martínez Seara as Senior Managing Directors in the firm’s global Construction, Projects & Assets practice. Mr. Hirst and Mr. Martínez Seara continue the growth of the firm’s Advisory & Transformation offerings across EMEA. In their role at FTI Consulting, they advise public and private sector organisations on the planning, development and execution of major construction and infrast ...

WASHINGTON, Dec. 04, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the expansion of its Food, Agriculture & Beverage practice with the appointment of industry experts Polly Ruhland as a Senior Managing Director and Cassandra Oliveira as a Managing Director within the firm’s Corporate Finance & Restructuring segment. Ms. Ruhland is a business strategy expert with more than 25 years of leadership experience, including as Chief Executive Officer of both the United Soybean Board and ...