TechnipFMC Q2: record subsea orders $4.1B, backlog $13.3B, initiates dividend

TechnipFMC plc

2023-Q2 EPS reported -$0.20 revenue$3,689,600,000

Subsea orders totaled $4.1 billion, record for iEPCI and Subsea 2.0; full-year outlook raised to ~$9 billion.
Backlog increased 25% sequentially to $13.3 billion.
Cash flow from operations of $156 million; free cash flow of $103 million.
Initiated quarterly dividend; share repurchase authorization increased to $800 million.
Committed to distribute more than 60% of annual free cash flow through at least 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TechnipFMC plc reported financial results for the fiscal quarter ended June 30, 2023.

Period: the fiscal quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On July 27, 2023, TechnipFMC plc (the "Company") issued a news release announcing its financial results for the fiscal quarter ended June 30, 2023.

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TechnipFMC plc filing history →

Source: SEC EDGAR

accession 0001681459-23-000078

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