TechnipFMC(FTI)

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FTI Consulting Bolsters Tax Advisory Offering in the Middle East with Appointment of Senior Managing Director in Riyadh
GlobeNewswire News Room· 2025-01-28 05:00
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]
TechnipFMC-Tracerco Ink a Deal to Deliver Profiler Technology
ZACKS· 2025-01-22 11:36
Group 1: Contract Award and Project Overview - TechnipFMC has awarded a contract to Tracerco for the installation of Profiler measurement and control solutions for Petrobras' Mero 3 High-Pressure Separator pilot project in Brazil [1][2] - The HISEP project is part of the Mero field development, located 180 kilometers off Rio de Janeiro, focusing on separating oil from CO2-rich gas and reinjecting the gas into the reservoir for sustainability [3][5] - Petrobras operates the oil-rich field with a 38.6% interest, while partners Shell Brasil and TotalEnergies hold 19.3% each, and CNPC and CNOOC hold 9.65% each [4] Group 2: Technology and Efficiency - Tracerco's Profiler technology has been reengineered for efficient operation in subsea environments, providing real-time and high-resolution measurements of water, oil, and gas phases [6] - The Profiler is the only subsea-qualified separator and process control measurement system capable of separation at the liquid level or oil/water interface level, with about 750 units installed globally [7] Group 3: Economic and Sustainable Impact - The deal enhances Tracerco's global presence and is expected to create up to 10 new jobs in the local economy while delivering sustainable benefits [8]
Nearly Three-Quarters of CFOs Project Double-Digit Growth in 2025: FTI Consulting's Global CFO Report
GlobeNewswire News Room· 2025-01-21 12:30
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]
Here's Why You Should Hold FTI Consulting Stock in Your Portfolio Now
ZACKS· 2025-01-17 17:06
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]
Are You Looking for a Top Momentum Pick? Why FMC Technologies (FTI) is a Great Choice
ZACKS· 2025-01-14 18:00
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
Why FMC Technologies (FTI) is a Top Momentum Stock for the Long-Term
ZACKS· 2025-01-14 15:50
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New Strong Buy Stocks for December 24th
ZACKS· 2024-12-24 11:51
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 to Supply a Subsea System in Shell's Bonga North Project
ZACKS· 2024-12-23 14:11
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 Gets Green Light for CO2 Capture & Storage Project in UK
ZACKS· 2024-12-12 12:46
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 ...
LanzaTech Appoints TechnipFMC's Former Executive Chairman Thierry Pilenko to Board of Directors
GlobeNewswire News Room· 2024-11-25 21:15
Core Insights - LanzaTech Global, Inc. has appointed Thierry Pilenko to its Board of Directors, bringing over 40 years of experience in the energy and industrial sectors [1][2] - Pilenko's expertise in large-scale infrastructure development and technology deployment is expected to enhance LanzaTech's growth strategy and accelerate its path to profitability [1][2] - The appointment increases LanzaTech's board to seven members, strengthening corporate governance [4] Company Overview - LanzaTech is a carbon recycling company that transforms waste carbon into sustainable fuels, chemicals, materials, and protein [5] - The company utilizes biorecycling technology to capture carbon emissions from energy-intensive industries, preventing them from entering the atmosphere [5] - LanzaTech partners with various companies across the global supply chain to promote a circular carbon economy [5] Leadership Background - Thierry Pilenko has a proven track record in deploying innovative technologies and leading large-scale projects, having spent 20 years at Schlumberger Limited and later leading TechnipFMC [2][3] - Under Pilenko's leadership, Technip executed significant projects, including Shell's $12 billion Prelude floating LNG facility and the $20+ billion Yamal LNG project [2]