TechnipFMC plc
TechnipFMC Reports Third Quarter 2024 Results: Record Backlog and Increased Share Repurchase Authorization
Summary
TechnipFMC plc announced its financial results for the third quarter of 2024, reporting a record backlog of $14.7 billion and an increase in the share repurchase authorization by $1 billion, bringing the total authorization to $1.2 billion. The company reported total revenue of $2.3 billion, with adjusted EBITDA of $389 million (excluding foreign exchange). TechnipFMC also raised its Subsea financial guidance for 2025, reflecting confidence in its outlook and financial performance.
Profitelligence Alerts
Get alerts for FTI
Be first to know when TechnipFMC plc files with the SEC.
Filing Categories
Exhibits (1)
Advertisement
About TechnipFMC plc
TechnipFMC plc is a globally recognized company in the oil and gas services sector. It specializes in delivering innovative solutions across three main sectors: Subsea, Onshore/Offshore, and Surface Technologies. The primary function of TechnipFMC is to provide comprehensive services for the exhaustive lifecycle of energy projects, from concept to execution and beyond. This includes front-end engineering design (FEED), project management, technology development, and equipment supply. The company's dual expertise in engineering and technology innovation positions it as a leader in enhancing production efficiency and cost-effectiveness for its clients. TechnipFMC plays a vital role in the global energy market, driving advancements in resource extraction, processing, and distribution. With its focus on both traditional oil and gas as well as emerging renewable technologies, TechnipFMC significantly impacts sectors such as energy infrastructure and sustainable resource management. Its strategic headquarters are located in London, and it operates through a network of offices worldwide, making it a pivotal player in the global industrial landscape.
Official SEC Documents
Advertisement