Strong Financial Performance
TechnipFMC reported total company revenue of $2.2 billion and an adjusted EBITDA of $356 million, marking a 38% increase from the prior year with a margin of 15.9%. Free cash flow was $380 million, a significant achievement despite typical seasonality.
Subsea Segment Success
First quarter subsea inbound orders totaled $2.8 billion with a book-to-bill ratio of 1.4. Orders have exceeded revenue in eight of the last nine quarters, highlighting strong demand for iEPCI and Subsea 2.0 technologies.
Strategic Alliances and Growth Opportunities
TechnipFMC announced a strategic alliance with Cairn Oil and Gas for deepwater developments offshore India and highlighted more than $26 billion in subsea opportunities, representing a 20% growth over the last year.
Limited Exposure to Commodity Prices and Tariffs
The company emphasized its limited exposure to U.S. land market and potential tariffs, estimating an impact of less than $20 million on adjusted EBITDA for the full year.
Positive Outlook and Shareholder Returns
TechnipFMC reiterated its full-year guidance for adjusted EBITDA of approximately $1.76 billion and increased its free cash flow expectations to $1 billion to $1.15 billion. The company remains committed to returning at least 70% of free cash flow to shareholders.