FTI's total backlog reached a historic high of $13.9 million in the second quarter of 2024.
FCN benefits from a diversified revenue stream, specialized industry expertise and its global reach.
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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.
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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.