TechnipFMC Reports Q3 Earnings Beat with Strong Revenue Growth and Raised Subsea Guidance
TechnipFMC (NYSE: FTI) reported third-quarter financial results that exceeded market expectations, posting a Non-GAAP EPS of $1.05, which beat estimates by $0.17. The company's revenue reached $2.89 billion, representing a 9.1% year-over-year increase and surpassing analyst projections by approximately $100 million. Strong demand continues to drive the business, with total company inbound orders totaling $2.3 billion, including $2.1 billion specifically in the Subsea segment. Reflecting this momentum, TechnipFMC has raised its full-year revenue guidance for its Subsea division to a range of $9.6 billion to $9.8 billion.
Tickers: $FTI
Topics: earnings beat guidance increase order backlog revenue growth