TechnipFMC reports Q4 adjusted EPS 54c, consensus 36c

Reports Q4 revenue $2.37B, consensus $2.3B. Doug Pferdehirt, Chair and CEO of TechnipFMC (FTI), stated, “This was another year of tremendous success for the TechnipFMC team, and I am proud to report our strong quarterly and full-year results. We achieved total Company inbound of $11.6B for the full year-driving year-over-year growth in backlog to $14.4B. Subsea inbound orders increased to $10.4B, representing our fourth consecutive year with a book-to-bill greater than one. This inbound was characterized by growth in iEPCI, Subsea 2.0, and Subsea Services, and benefited from a significant level of direct awards.”