TechnipFMC Q2 subsea inbound $1.9B; FY guidance raised to ~$7B; debt cut $530M

TechnipFMC plc

2022-Q2 EPS reported -$0.13 revenue$3,273,000,000

Subsea inbound orders of $1.9 billion in Q2 2022.
Full-year 2022 subsea inbound now expected to approach $7 billion.
Gross debt reduced by $530 million during the quarter to $1.5 billion.
Shareholder distributions initiated with $400 million share repurchase authorization.

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