TechnipFMC reports Q4 adjusted EPS 14c, consensus 12c

Reports Q4 revenue $2.08B, consensus $1.9B. Doug Pferdehirt, Chair and CEO of TechnipFMC, stated, “I am proud to report our strong quarterly and full year results which speak to the growth and operational momentum we are achieving. Total Company inbound for the year grew to $11 billion. This included Subsea orders of $9.7 billion, which was an increase of 45% versus the prior year and a book-to-bill of 1.5. These strong results benefited from a record level of iEPCI(TM) awards in the period. I am particularly pleased with the inbound quality, as direct awards, iEPCI(TM) and Subsea Services exceeded 70% of Subsea orders.”