TechnipFMC reports Q2 adjusted EPS 68c, consensus 58c

Reports Q2 revenue $2.53B, consensus $2.49B. Doug Pferdehirt, Chair and CEO of TechnipFMC (FTI), remarked, “I am very proud of what our team accomplished in what was another solid quarter, driven by continued strength in execution from both the commercial and operational teams. Total Company revenue in the period was $2.5 billion, with adjusted EBITDA of $509 million when excluding foreign exchange impacts. We generated free cash flow of $261 million and distributed $271 million through dividends and share buybacks, further demonstrating our commitment to return a significant portion of free cash flow to shareholders.”