TechnipFMC Q4 2023: Subsea orders surge; backlog up 41%, 2025 outlook raised 20%

TechnipFMC plc

2023-FY EPS reported $0.12 revenue$7,824,200,000

Subsea inbound orders of $1.3B in Q4; full-year 2023 orders of $9.7B, up 45% vs 2022.
Total Company backlog reached $13.2B, a 41% increase year-over-year.
Q4 cash from operations $701M; free cash flow $630M; shareholder distributions $77M in quarter, $249M full year.
Subsea three-year order outlook through 2025 increased 20% to $30B.

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 December 31, 2023.

Period: the fiscal quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 22, 2024, TechnipFMC plc (the "Company") issued a news release announcing its financial results for the fiscal quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001681459-24-000043

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