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TechnipFMC PLC (FTI)
NYSE:FTI
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.35Last Year’s EPS
0.22Same Quarter Last Year
Strong Buy
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: 10.56%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong performance by TechnipFMC, with significant growth in orders, revenue, and EBITDA. The increase in Subsea and iEPCI orders, along with the success of the Subsea 2.0 platform, highlights the company's robust operational execution. Although there were some declines in Surface Technologies revenue and Subsea EBITDA margin, the overall positive financial results and strategic achievements, such as increased shareholder returns and a positive outlook for energy markets, contribute to a positive sentiment.Company Guidance
In the TechnipFMC Fourth Quarter 2024 Earnings Conference Call, the company provided detailed guidance for the upcoming year, highlighting significant financial and operational achievements. For the full year of 2024, TechnipFMC reported a total inbound of $11.6 billion, driving a year-over-year growth in backlog to $14.4 billion. Subsea inbound orders reached $10.4 billion, marking the fourth consecutive year with a book-to-bill ratio greater than one. Total company revenue increased by 16% to $9.1 billion, while adjusted EBITDA rose by 47% to nearly $1.4 billion. Free cash flow grew 45% to $679 million, with $486 million returned to shareholders, almost double the prior year. For 2025, the company expects Subsea revenue to reach $8.6 billion with an adjusted EBITDA margin of 19.5%, reflecting a 10% revenue growth and a 28% adjusted EBITDA growth compared to 2024. Surface Technologies is projected to achieve $1.275 billion in revenue with a 15.5% adjusted EBITDA margin. Overall, TechnipFMC anticipates high single-digit total company revenue growth and an adjusted EBITDA increase to approximately $1.76 billion for the full year. They also plan to convert over 50% of adjusted EBITDA into free cash flow, with shareholder distributions expected to grow by at least 30% in 2025.Record Order Inbound and Revenue Growth
TechnipFMC achieved total company inbound of $11.6 billion for the full year, driving year-over-year growth in backlog to $14.4 billion. Total company revenue for the year grew 16% to $9.1 billion.
Significant Growth in Subsea and iEPCI Orders
Subsea inbound orders increased to $10.4 billion, marking the fourth consecutive year with a book-to-bill greater than one. iEPCI orders grew nearly 25% year-over-year, reaching an all-time high.
Strong Financial Performance
Adjusted EBITDA improved to nearly $1.4 billion, an increase of 47% compared to the prior year. Full year free cash flow grew 45% to $679 million.
Subsea 2.0 Platform Success
Subsea 2.0 orders in 2024 significantly outpaced the more than 50% growth of total Subsea awards versus the prior year, demonstrating strong market adoption.
Positive Outlook for Energy Markets
TechnipFMC remains positive about the outlook for energy, anticipating further growth in demand. They have secured $20.2 billion of Subsea orders in the past two years.
Increased Shareholder Returns
The company returned $486 million to shareholders, nearly double the distribution from the prior year, and plans to distribute at least 70% of free cash flow in 2025.
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FTI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FTI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $27.84 | $28.76 | +3.30% |
| Oct 24, 2024 | $25.07 | $25.77 | +2.79% |
| Jul 25, 2024 | $27.14 | $28.23 | +4.02% |
| Apr 25, 2024 | $25.53 | $26.40 | +3.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does TechnipFMC PLC (FTI) report earnings?
TechnipFMC PLC (FTI) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is TechnipFMC PLC (FTI) earnings time?
TechnipFMC PLC (FTI) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FTI EPS forecast?
FTI EPS forecast for the fiscal quarter 2025 (Q1) is 0.35.
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