TechnipFMC PLC Q3 2023 Earnings Call Summary - Thomson StreetEvents

TechnipFMC PLC Q3 2023 Earnings Call Summary

TechnipFMC PLC Q3 2023 Earnings Call Summary - Thomson StreetEvents
TechnipFMC PLC Q3 2023 Earnings Call Summary
Published Oct 26, 2023
16 pages (8750 words) — Published Oct 26, 2023
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of FTI.N earnings conference call or presentation 26-Oct-23 12:30pm GMT

  
Brief Excerpt:

...A. We delivered solid results in the third quarter. B. Subsea inbound orders came in strong at $1.8 billion, and adjusted EBITDA improved sequentially for both Subsea and Surface Technologies exceeding the guidance we provided on our second quarter call. C. This momentum is also driving our expectations for full year results higher. D. Revenue was $2.1 billion. E. Adjusted EBITDA was $284 million, with an adjusted EBITDA margin of 13.8% when excluding foreign exchange impacts. F. Total company inbound was $2.1 billion. G. Total company backlog ended the period at $13.2 billion. H. In Subsea, we received significant orders for flexible pipe in the period. I. These included an award from Petrobras for the pre-salt fields in Brazil and our largest ever flexibles contract in the Gulf of Mexico for Woodside's Trion project. J. Beyond flexibles activity, we also experienced an exceptionally high level of unannounced project awards in the quarter, which speaks to the ongoing strength of the market....

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
TechnipFMC PLC
Ticker
FTI.N
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "TechnipFMC PLC Q3 2023 Earnings Call Summary" Oct 26, 2023. Alacra Store. May 01, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-TechnipFMC-PLC-Earnings-Call-B15747365>
  
APA:
Thomson StreetEvents. (2023). TechnipFMC PLC Q3 2023 Earnings Call Summary Oct 26, 2023. New York, NY: Alacra Store. Retrieved May 01, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-TechnipFMC-PLC-Earnings-Call-B15747365>
  
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