TechnipFMC ( (FTI) ) has released its Q4 earnings. Here is a breakdown of the information TechnipFMC presented to its investors.
TechnipFMC is a prominent technology provider in the energy sector, specializing in integrated projects, products, and services for both traditional and new energy industries. The company is known for its innovative solutions that aim to transform project economics and support energy transition goals.
TechnipFMC has reported strong financial results for the fourth quarter of 2024, with significant growth in subsea inbound orders and a robust backlog. The company’s revenue for the quarter reached $2.37 billion, marking a 13.9% increase year-over-year. Despite a sequential decline in net income, the company achieved a substantial year-over-year increase of 324% in net income, highlighting its improved profitability.
Key financial metrics for TechnipFMC include a full-year revenue of $9.08 billion, a 16.1% increase from the previous year, and a net income of $842.9 million, reflecting a remarkable growth of nearly 1,400%. The company’s adjusted EBITDA also saw a significant rise, reaching $1.35 billion, up 64.8% from the prior year. TechnipFMC’s strategic focus on subsea services and its collaboration in floating offshore wind projects underscore its commitment to innovation and market expansion.
Looking ahead, TechnipFMC’s management remains optimistic about the company’s growth prospects, with expectations of exceeding $10 billion in subsea inbound orders in 2025. The company plans to increase shareholder distributions by at least 30% in the coming year, reflecting confidence in its financial performance and strategic direction.
TechnipFMC’s forward-looking strategy, combined with its strong financial performance, positions the company well for continued success in the evolving energy landscape. The management’s focus on leveraging unique technologies and expanding its market presence bodes well for future growth and shareholder value.