FTI - TechnipFMC plc (FTI) Q1 2024 Earnings Call Transcript
2024-04-25 11:38:02 ET
TechnipFMC plc (FTI)
Q1 2024 Earnings Conference Call
April 25, 2024, 08:30 AM ET
Company Participants
Matt Seinsheimer - Senior Vice President, Investor Relations and Corporate Development
Doug Pferdehirt - Chairman and Chief Executive Officer
Alf Melin - Executive Vice President and Chief Financial Officer
Conference Call Participants
Arun Jayaram - J.P. Morgan
James West - Evercore ISI
Luke Lemoine - Piper Sandler
Guillaume Delaby - Bernstein
Marc Bianchi - TD Cowen
Kurt Hallead - The Benchmark Company
Scott Gruber - Citigroup
Doug Becker - Capital One
Daniel Thompson - Exane BNP Paribas
Saurabh Pant - Bank of America
Bertrand Hodée - Kepler Cheuvreux
Presentation
Operator
Thank you for standing by and welcome to the TechnipFMC First Quarter 2024 Earnings Conference Call.
I'd now like to welcome Matt Seinsheimer to begin the call. Matt, over to you.
Matt Seinsheimer
Thank you, Mandeep [ph]. Good morning, and good afternoon, and welcome to TechnipFMC's first quarter 2024 earnings conference call. Our news release and financial statements issued earlier today can be found on our website.
I'd like to caution you with respect to any forward-looking statements made during this call. Although these forward-looking statements are based on our current expectations, beliefs and assumptions regarding future developments and business conditions, they are subject to certain risk and uncertainties that could cause actual results to differ materially from those expressed in or implied by these statements. Non-material factors that could cause our actual results to differ from our projected results are described in our most recent 10-K, most recent 10-Q, and other periodic filings with the U.S. Securities and Exchange Commission. We wish to caution you not to place undue reliance on any forward-looking statements which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
I will now turn the call over to Doug Pferdehirt, TechnipFMC's Chair and Chief Executive Officer.
Doug Pferdehirt
Thank you, Matt. Good morning and good afternoon. Thank you for participating in our first quarter earnings call. I am very pleased with the strong performance in the quarter, which further highlights our continuing success in delivering on our commitments. Total company revenue for the first quarter was $2 billion. Total company adjusted EBITDA was $257 million, with an adjusted EBITDA margin of 12.6%, when excluding foreign exchange impacts. Total company inbound orders in the quarter were $2.8 billion....
TechnipFMC plc (FTI) Q1 2024 Earnings Call Transcript