FTI Earnings Prediction
The chart below shows how FTI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FTI sees a -3.86% change in stock price 10 days leading up to the earnings, and a +2.61% change 10 days following the report. On the earnings day itself, the stock moves by +3.60%. This data can give you a slight idea of what to expect for the next quarter's release.
FTI Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
2.35B
14.17%
0.98%
Gross Margin
21.03%
18.08%
-2.37%
Operating Margin
12.39%
54.30%
-7.26%
Net Margin
11.85%
159.87%
47.94%
EPS
0.63
215.00%
50.00%
No Data Available
FTI Earnings Analysis
TechnipFMC plc Ordinary Share Corporation (FTI.N) Earnings Conference Call
Positive
Strong Operational Performance: 1. Record Revenue: TechnipFMC reported third-quarter revenue of $2.3 billion, reflecting strong operational performance and growth in both Subsea and Surface Technologies segments.
Record Backlog Growth: 2. Increased Backlog: The total company backlog reached a new record of $14.7 billion, driven by $2.8 billion in inbound orders during the quarter, indicating robust demand for TechnipFMC's services.
Improved EBITDA Margin: 3. Strong Adjusted EBITDA Margin: Adjusted EBITDA for the quarter was $389 million, with an adjusted EBITDA margin of 16.6%, showcasing improved profitability and operational efficiency.
Share Repurchase Increase: 4. Significant Share Repurchase Authorization: The company increased its share repurchase authorization by an additional $1 billion, bringing the total to nearly $1.2 billion, reflecting confidence in future cash flows and commitment to returning value to shareholders.
Tax Benefit Impact: 5. Positive Tax Benefit: TechnipFMC experienced a net tax benefit of $6 million in the quarter, significantly below plan, due to a $61 million positive benefit from the release of a valuation allowance, enhancing future profitability outlook.
Negative
Regional Revenue Decline: 1. Declining Revenue in Gulf of Mexico and Norway: Subsea revenue increased modestly overall, but was offset by lower activity in the Gulf of Mexico and Norway, indicating regional weaknesses in project execution.
Decline in Wellhead Sales: 2. Lower Wellhead Equipment Sales in North America: Surface Technologies revenue was impacted by lower wellhead equipment sales in North America, highlighting a decline in demand in this key market.
Rising Corporate Expenses: 3. Increased Corporate Expenses: Corporate expenses rose to $31 million, indicating higher overhead costs that could pressure overall profitability.
Free Cash Flow Uncertainty: 4. Free Cash Flow Concerns: While free cash flow was reported at $225 million, the company has not provided specific guidance for 2025, raising concerns about future cash generation amid increased capital expenditures.
Seasonal Revenue Challenges: 5. Seasonal Revenue Decline Expected: For the fourth quarter, Subsea revenue is expected to decline low-single-digits sequentially, suggesting potential challenges in maintaining revenue momentum.
FTI FAQs
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FTI Earning Call Sentiment
TechnipFMC plc (FTI) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
FTI.N
-4.43%Positive
The earnings call shows strong financial performance with record backlog and improved margins. Shareholder returns are set to nearly double, with increased repurchase authorization. Despite competitive pressures and some unclear responses on vessel management, the company is confident in its strategic execution. The Q&A highlights positive market prospects and strong demand, particularly in offshore projects. The optimistic guidance and increased shareholder distributions suggest a positive outlook for the stock price over the next two weeks.
