TechnipFMC(FTI)

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TechnipFMC's Q1 Earnings & Revenues Miss Estimates, Rise Y/Y
ZACKS· 2025-04-28 10:46
Core Insights - TechnipFMC plc reported first-quarter 2025 adjusted earnings of 33 cents per share, missing the Zacks Consensus Estimate of 36 cents, primarily due to a 4.8% year-over-year increase in costs and expenses, although the earnings improved from 22 cents in the same quarter last year driven by better performance in the Subsea segment [1] - The company's revenues of $2.2 billion also missed the Zacks Consensus Estimate by 1.1%, but increased from $2 billion in the year-ago quarter [1] Financial Performance - Adjusted EBITDA for the Subsea unit was $334.9 million, exceeding the Zacks Consensus Estimate of $331 million, while the Surface Technologies unit's adjusted EBITDA was $46.6 million, beating the consensus mark of $41.94 million [2] - First-quarter inbound orders increased by 11.3% year-over-year to $3.1 billion, with the order backlog totaling $15.8 billion as of March-end, up 17.2% from the previous year [2] Segment Analysis - Subsea segment revenues totaled $1.9 billion, up 11.6% from $1.7 billion in the year-ago quarter, driven by higher project activity in Asia Pacific and Brazil, although it missed projections by 5.3% [4] - Surface Technologies segment recorded revenues of $297.4 million, down 3.2% year-over-year, but beat projections of $288.4 million; adjusted EBITDA increased by 12.6% due to higher project activity in North America, despite an 18.1% drop in inbound orders [5] Shareholder Returns - The board declared a quarterly cash dividend of 5 cents per share, unchanged from the previous quarter, to be paid on June 4, 2025 [3] - The company repurchased 8.9 million common shares for a total of $250.1 million, with total shareholder returns for the quarter amounting to $271.1 million, including a dividend payment of $21 million [3] Financial Position - TechnipFMC reported costs and expenses of $2 billion, up 4.8% from $1.9 billion in the year-ago quarter; the company generated $441.7 million in cash flow from operations, with free cash flow increasing to $379.9 million [6] - As of March 31, the company had cash and cash equivalents of $1.2 billion and long-term debt of $410.8 million, resulting in a debt-to-capitalization ratio of 11.8% [6] 2025 Outlook - The company expects Subsea unit revenues in the range of $8.4 billion to $8.8 billion and Surface Technologies unit revenues between $1.2 billion and $1.35 billion for 2025 [8] - Anticipated adjusted EBITDA margins are 19-20% for the Subsea segment and 15-16% for the Surface Technologies segment [8] - Free cash flow is expected to be between $1 billion and $1.15 billion, an increase from the prior guidance of $850 million to $1 billion [9]
FMC Technologies (FTI) Reports Q1 Earnings: What Key Metrics Have to Say
ZACKS· 2025-04-25 03:30
Core Insights - FMC Technologies reported revenue of $2.23 billion for the quarter ended March 2025, marking a year-over-year increase of 9.4% and an EPS of $0.33 compared to $0.22 a year ago [1] - The reported revenue fell short of the Zacks Consensus Estimate of $2.26 billion, resulting in a surprise of -1.07%, while the EPS also missed the consensus estimate of $0.36 by -8.33% [1] Financial Performance - Inbound Orders for Subsea Technologies reached $2.79 billion, exceeding the average estimate of $2.47 billion based on 15 analysts [4] - Total Order Backlog stood at $15.82 billion, surpassing the estimated $14.98 billion by 14 analysts [4] - Revenue from Subsea Technologies was reported at $1.94 billion, slightly below the average estimate of $1.96 billion, but reflecting a year-over-year increase of 11.6% [4] - Revenue from Surface Technologies was $297.40 million, exceeding the average estimate of $290.59 million, but showing a year-over-year decline of 3.2% [4] - Revenue from Services was reported at $1.30 billion, lower than the average estimate of $1.41 billion, but representing a year-over-year increase of 11.9% [4] Stock Performance - Shares of FMC Technologies have declined by 18.7% over the past month, compared to a -5.1% change in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]
TechnipFMC(FTI) - 2025 Q1 - Quarterly Report
2025-04-24 20:00
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, 2025 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(FTI) - 2025 Q1 - Earnings Call Transcript
2025-04-24 15:39
TechnipFMC plc (NYSE:FTI) Q1 2025 Results Conference Call April 24, 2025 8:30 AM ET Company Participants Matt Seinsheimer - SVP, IR and Corporate Development Doug Pferdehirt - Chair and Chief Executive Officer Alf Melin - EVP and CFO Conference Call Participants David Anderson - Barclays Arun Jayaram - JPMorgan Securities Ati Modak - Goldman Sachs Mark Wilson - Jefferies Saurabh Pant - Bank of America Marc Bianchi - TD Cowen Scott Gruber - Citigroup Victoria McCulloch - RBC Operator Hello, and thank you for ...
Why FMC Technologies (FTI) is a Top Growth Stock for the Long-Term
ZACKS· 2025-04-24 14:50
Company Overview - TechnipFMC plc is a leading manufacturer and supplier of products, services, and fully integrated technology solutions for the energy industry, formed from the merger of Technip and FMC Technologies in January 2017 [11] - The company focuses on designing, producing, and servicing technologically sophisticated systems and products for subsea, onshore/offshore, and surface projects, aiming to enhance the performance of oil and gas clients [11] Investment Analysis - TechnipFMC has a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating a solid position in the market [12] - The company is particularly appealing to growth investors, with a Growth Style Score of A and a forecasted year-over-year earnings growth of 13.2% for the current fiscal year [12] - In the last 60 days, 12 analysts have revised their earnings estimates upwards for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.04 to $2.06 per share [12] - TechnipFMC has demonstrated an average earnings surprise of 48.7%, suggesting strong performance relative to expectations [12] - With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TechnipFMC is recommended for investors' consideration [13]
FMC Technologies (FTI) Misses Q1 Earnings and Revenue Estimates
ZACKS· 2025-04-24 12:55
Core Viewpoint - FMC Technologies reported quarterly earnings of $0.33 per share, missing the Zacks Consensus Estimate of $0.36 per share, but showing an increase from $0.22 per share a year ago [1][2] Financial Performance - The company posted revenues of $2.23 billion for the quarter, missing the Zacks Consensus Estimate by 1.07%, compared to $2.04 billion in the same quarter last year [3] - The earnings surprise for the quarter was -8.33%, while the company had a positive surprise of 54.29% in the previous quarter [2] Market Performance - FMC Technologies shares have declined approximately 13.5% since the beginning of the year, while the S&P 500 has decreased by 8.6% [4] - The current Zacks Rank for the stock is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $2.5 billion, and for the current fiscal year, it is $2.06 on revenues of $9.89 billion [8] - The outlook for the Oil and Gas - Field Services industry is currently in the bottom 40% of Zacks industries, which may impact stock performance [9]
TechnipFMC(FTI) - 2025 Q1 - Quarterly Results
2025-04-24 10:47
Press Release TechnipFMC Announces First-Quarter 2025 Results NEWCASTLE & HOUSTON, April 24, 2025 — TechnipFMC plc (NYSE: FTI) (the "Company" or "TechnipFMC") today reported first-quarter 2025 results. Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules. TechnipFMC.com Page 1 of 22 • Total Company inbound orders of $3.1 billion; Subsea of $2.8 billion, a book-to-bill of 1.4x • Total Company backlog of $15.8 billi ...
Wall Street's Insights Into Key Metrics Ahead of FMC Technologies (FTI) Q1 Earnings
ZACKS· 2025-04-22 14:20
In its upcoming report, FMC Technologies (FTI) is predicted by Wall Street analysts to post quarterly earnings of $0.36 per share, reflecting an increase of 63.6% compared to the same period last year. Revenues are forecasted to be $2.27 billion, representing a year-over-year increase of 11.1%. The consensus estimate for 'Revenue- Subsea Technologies' stands at $1.96 billion. The estimate suggests a change of +13% year over year. Analysts forecast 'Inbound Orders - Subsea Technologies' to reach $2.47 billio ...
TechnipFMC to Report Q1 Earnings: What's in Store for the Stock?
ZACKS· 2025-04-21 12:01
In the last reported quarter, the Houston, TX-based oil and gas equipment and services company's earnings beat the consensus mark, driven by improved performance of the Subsea segment. FTI reported adjusted earnings per share of 54 cents, which surpassed the Zacks Consensus Estimate of 35 cents. Moreover, revenues of $2.4 billion marginally beat the Zacks Consensus Estimate by 3.1%. FTI's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 48.65%. (Fi ...
FMC Technologies (FTI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-04-17 15:07
The market expects FMC Technologies (FTI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on April 24, 2025, might help the stock move higher if these key numbers a ...