TechnipFMC PLC (N:FTI)

Business Focus: Oil Related Services and Equipment

Sector:  Energy Industry:  Oil Related Services and Equipment
 
See Regulatory Filings on SEC
Company Contact
Address: Hadrian House, Wincomblee Road
LONDON NE6 3PL
Tel: 1-281-2603665
Website: https://www.technipfmc.com
IR: See website
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Key People
Douglas J. Pferdehirt
Chairman of the Board, Chief Executive Officer
Alf Melin
Chief Financial Officer, Executive Vice President
Thierry Conti
President - Surface Technologies
Jonathan Landes
President - Subsea
Justin Rounce
Executive Vice President, Chief Technology Officer
Cristina Aalders
Executive Vice President, Chief Compliance Officer, Chief Legal Officer, Secretary
Nisha Rai
Executive Vice President - People and Culture
Luana Duffe
Executive Vice President, New Energy
David Light
Senior Vice President, Chief Accounting Officer, Controller
Business Overview
TechnipFMC plc is a United Kingdom-based technology company, which operates in the energy industry. The Company is focused on delivering fully integrated projects, products, and services. The Company operates through two segments: Subsea and Surface Technologies. The Subsea segment manufactures and designs products and systems, performs engineering, procurement and project management and provides services used by oil and gas companies involved in offshore exploration and production of crude oil and natural gas. The Surface Technologies segment designs, manufactures and supplies technologically advanced wellhead systems and high-pressure valves and pumps used in stimulation activities for oilfield service companies and provides installation, flowback and other services for exploration and production companies. The Company operates across various countries, including the United States; Brazil; Norway; the United Kingdom; Guyana, and all other countries.
Financial Overview
For the three months ended 31 March 2024, TechnipFMC PLC revenues increased 19% to $2.04B. Net income increased from $400K to $157.1M. Revenues reflect Latin America segment increase of 50% to $702.1M, Africa segment increase of 40% to $308.5M, Asia Pacific segment increase of 27% to $114.2M. Net income benefited from Subsea segment income increase from $66.8M to $156.6M, Surface Technologies segment income increase from $22.4M to $103.4M.
Employees: 22,762 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $11,888M as of Mar 31, 2024
Annual revenue (TTM): $8,149M as of Mar 31, 2024
EBITDA (TTM): $1,026M as of Mar 31, 2024
Net annual income (TTM): $212.90M as of Mar 31, 2024
Free cash flow (TTM): $689.20M as of Mar 31, 2024
Net Debt Last Fiscal Year: $424.10M as of Mar 31, 2024
Shares outstanding: 430,973,995 as of Apr 24, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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