TechnipFMC (FTI) Q2 Earnings Beat, Revenues Rise Y/Y

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. ...