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TechnipFMC PLC (FTI)
NYSE:FTI
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.35Last Year’s EPS
$0.14Same Quarter Last Year
Strong Buy
Based on 15 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 15.03%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook driven by record backlog levels, strong financial performance, significant Subsea opportunities, and increased shareholder returns. Despite expectations for some seasonal decline in revenue and lower North American activity, the overall sentiment remains optimistic based on improved margins and strategic growth in key markets.Company Guidance
During TechnipFMC’s Q3 2024 earnings call, substantial guidance was provided, highlighting strong financial metrics and future prospects. The company reported quarterly revenue of $2.3 billion and an adjusted EBITDA of $389 million, reflecting an impressive adjusted EBITDA margin of 16.6%. TechnipFMC achieved a record backlog of $14.7 billion, driven by inbound orders totaling $2.8 billion, including $2.5 billion from Subsea alone, with a notable book-to-bill ratio of 1.2. The company expressed confidence in reaching $30 billion in orders over the three-year period ending in 2025, based on a robust Subsea opportunities list valued at $25 billion. For 2025, TechnipFMC raised its Subsea revenue guidance to a range of $8.3 billion to $8.7 billion and increased its adjusted EBITDA margin target to 18.5% to 20%. Additionally, the company emphasized its strong market position, driven by its iEPCI offerings and flexible pipe technology, and announced an increased share repurchase authorization of $1 billion, aiming to nearly double shareholder distributions compared to the previous year.Record Backlog Achieved
Company backlog reached a new record level of $14.7 billion, driven by $2.8 billion in inbound orders, with Subsea backlog also at a record $13.7 billion.
Strong Financial Performance
Adjusted EBITDA for the third quarter was $389 million with a margin of 16.6%, showcasing improvement in both Subsea and Surface Technologies segments.
Subsea Opportunities and Growth
Subsea inbound orders were $2.5 billion with a book-to-bill ratio of 1.2. The subsea opportunities list grew to a record $25 billion.
Increased Share Repurchase Authorization
Share repurchase authorization increased by an additional $1 billion, bringing the total to nearly $1.2 billion.
Raised Guidance for 2025
Guidance for Subsea revenue in 2025 increased to a range of $8.3 billion to $8.7 billion, with expected EBITDA margins between 18.5% and 20%.
Successful Execution in Middle East
Solid execution in the Middle East contributed to quarterly results, with a new facility in Saudi Arabia enhancing growth opportunities.
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FTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $25.12 | $25.81 | +2.75% |
| Jul 25, 2024 | $27.19 | $28.28 | +4.01% |
| Apr 25, 2024 | $25.58 | $26.44 | +3.36% |
| Feb 22, 2024 | $20.12 | $21.36 | +6.16% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TechnipFMC PLC (FTI) report earnings?
TechnipFMC PLC (FTI) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is TechnipFMC PLC (FTI) earnings time?
TechnipFMC PLC (FTI) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTI EPS forecast?
FTI EPS forecast for the fiscal quarter 2024 (Q4) is $0.35.
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