TechnipFMC reported a 17.92% YoY revenue growth in Q2 2024, reaching a historic quarterly high of $2.33 billion. The company's subsea sector has been its highest earner, with a backlog reaching a historic high of $13.9 million. TechnipFMC's innovative integrated technologies, such as Subsea 2.0, have driven its growth and competitive advantage in the subsea production business.
FMC Technologies (FTI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
TechnipFMC (FTI) expects revenues in the range of $7.6-$7.8 billion and $1.2-$1.35 billion for Subsea and Surface Technologies, respectively, for 2024.
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TechnipFMC plc (NYSE:FTI ) Q2 2024 Results Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Matt Seinsheimer - Senior Vice President, Investor Relations and Corporate Development Doug Pferdehirt - Chairman and Chief Executive Officer Alf Melin - Executive Vice President and Chief Financial Officer Conference Call Participants David Anderson - Barclays Capital Arun Jayaram - J.P. Morgan Luke Lemoine - Piper Sandler James West - Evercore ISI Sherif Elmaghrabi - BTIG Kurt Hallead - Benchmark Company Operator Thank you for standing by and welcome to the TechnipFMC Second Quarter 2024 Earnings Conference Call.
FMC Technologies (FTI) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.10 per share a year ago.
TechnipFMC's (FTI) contract includes the design, manufacture, and installation of the production systems, pipes, umbilicals and subsea structures for the Katlan development.
FMC Technologies (FTI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
FMC Technologies (FTI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Here is how FMC Technologies (FTI) and Pembina Pipeline (PBA) have performed compared to their sector so far this year.
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TechnipFMC (FTI) and Sulzer develop subsea CO2 pumps for Petrobras, enhancing energy efficiency and reducing emissions in Brazilian oil fields.