- TechnipFMC press release ( NYSE: FTI ): Q4 Non-GAAP EPS of -$0.05 misses by $0.09 .
- Revenue of $1.69B (+11.2% Y/Y) beats by $20M .
- FY2023 Outlook : Subsea revenue in a range of $5.9B - $6.3B; Surface Technologies revenue in a range of $1.3B - $1.45B.
- “At the midpoint of our guidance for 2023, we anticipate total Company revenue growth of approximately 12% to $7.5 billion, with adjusted EBITDA expected to increase to approximately $870 million. This outlook for improved performance also extends beyond the current year. We now expect $25 billion of Subsea inbound for our company from 2023 through 2025, driven by the strength of the offshore market, industry adoption of iEPCI™, and the increased contribution of Subsea 2.0™. We have updated our intermediate-term outlook to reflect this improved environment. When compared to 2022, our revised Subsea forecast for 2025 demonstrates a 650 basis point expansion in adjusted EBITDA margin to 18% and adjusted EBITDA of approximately $1.4 billion.”
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TechnipFMC Non-GAAP EPS of -$0.05 misses by $0.09, revenue of $1.69B beats by $20M