TechnipFMC(FTI)

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International Operations Aid FTI Consulting Amid Rising Expenses
ZACKS· 2024-08-30 18:06
FTI Consulting Inc. (FCN) had an impressive run over the year-to-date period. The stock has gained 13% compared with the 9.9% rally of its industry. FCN reported impressive second-quarter 2024 results. Quarterly earnings per share of $2.34 surpassed the Zacks Consensus Estimate by 19.4% and increased 33.7% year over year. Total revenues of $949.2 million beat the consensus mark by 2.1% and increased 9.8% from the year-ago quarter. How is FTI Consulting Doing? FCN's top line is aided by its diversified offer ...
Is TechnipFMC (FTI) Stock Outpacing Its Oils-Energy Peers This Year?
ZACKS· 2024-08-27 14:46
Investors interested in Oils-Energy stocks should always be looking to find the best-performing companies in the group. Is FMC Technologies (FTI) one of those stocks right now? Let's take a closer look at the stock's yearto-date performance to find out. FMC Technologies is one of 247 companies in the Oils-Energy group. The Oils-Energy group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within th ...
Subsea Capex to Surge: Which Companies Will Gain the Most?
ZACKS· 2024-08-21 13:31
Rystad Energy's latest report offers an optimistic outlook for the global subsea market, projecting capital investments to surpass $42 billion by 2027. This growth is anticipated to be fueled by increasing operator spending on subsea equipment and installation services, with a compound annual growth rate ('CAGR') of 10% expected from 2024 to 2027. The energy consulting firm's figures highlight the expanding importance of the subsea sector, especially for companies focused on deepwater and ultra-deepwater op ...
FTI Consulting Expands Global Construction, Projects & Assets Practice with Two Senior Hires
GlobeNewswire News Room· 2024-08-13 11:30
WASHINGTON, Aug. 13, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the expansion of its global Construction, Projects & Assets practice with the appointments of Thomas Thompson as a Senior Managing Director in Houston and Stuart McIvor as a Managing Director in Dubai. Mr. Thompson has more than three decades of experience in the construction and engineering industries, executing large-scale projects and programs globally. His experience includes project management advisory, opera ...
What Makes FMC Technologies (FTI) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-07-31 17:01
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. Whi ...
TechnipFMC plc (FTI) Hit a 52 Week High, Can the Run Continue?
ZACKS· 2024-07-30 14:15
What's Driving the Outperformance? FMC Technologies may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level. In terms of its value breakdown, the stock currently trades at 24.3X current fiscal year EPS estimates, which is a premium to the peer industry average of 19.4X. On a trailing cash flow basis, the stock currently trades at 22.1X versu ...
TechnipFMC (FTI) Q2 Earnings Beat, Revenues Rise Y/Y
ZACKS· 2024-07-30 11:41
The unit's adjusted EBITDA decreased 1.9% to $46 million. The figure beat our estimate of $40.5 million. The segment's inbound orders fell 23.6% year over year. The quarter-end backlog also decreased 18.3% in the same time frame. Important Energy Earnings So Far As of Jun 30, 2024, the company reported $2.1 billion in cash and cash equivalents and $7.6 billion in longterm debt, representing a debt-to-capitalization ratio of 43.2. HAL also bought back $250 million worth of its stock in the April-June period. ...
TechnipFMC(FTI) - 2024 Q2 - Quarterly Report
2024-07-25 20:00
21 Reclassifications out of accumulated other comprehensive income (loss) consisted of the following: (a) These accumulated other comprehensive income components are included in the computation of net periodic pension cost. Three Months Ended Six Months Ended | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------|--------|--------------------------------|-----------------|---------------------|---- ...
TechnipFMC(FTI) - 2024 Q2 - Earnings Call Transcript
2024-07-25 14:36
TechnipFMC plc (NYSE:FTI) Q2 2024 Results Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Matt Seinsheimer - Senior Vice President, Investor Relations and Corporate Development Doug Pferdehirt - Chairman and Chief Executive Officer Alf Melin - Executive Vice President and Chief Financial Officer Conference Call Participants David Anderson - Barclays Capital Arun Jayaram - J.P. Morgan Luke Lemoine - Piper Sandler James West - Evercore ISI Sherif Elmaghrabi - BTIG Kurt Hallead - Benchma ...
TechnipFMC(FTI) - 2024 Q2 - Earnings Call Presentation
2024-07-25 13:12
PETROBRAS Sepia 2 Cash flow from operations of $231 million, free cash flow of $180 million ▶ TechnipFMC PTTEP Block H Adjusted EBITDA margin in a range of 16.5 – 17% | --- | |-------------------------------------------------------------------------------------------------------------------------------------| | TechnipFMC | | Corporate expense, net $115 – 125 million (includes depreciation and amortization of ~$3 million; excludes charges and credits) | | Net interest expense $70 – 80 million | | Tax provis ...