TechnipFMC Projects $14.5 Billion in Subsea Orders and Strong 2027 Revenue Growth
TechnipFMC (FTI) reported strong third-quarter results, highlighted by total company revenue of $2.9 billion and free cash flow generation of $470 million. CEO Douglas Pferdehirt attributed these results to consistent operational execution and sustained demand within the subsea sector. The company provided optimistic forward-looking guidance, outlining a backlog of at least $14.5 billion in subsea orders expected over the next five quarters. Furthermore, management projected that subsea revenue could reach between $10 billion and $10.4 billion by 2027, signaling long-term growth momentum in its core business segments.