News
TechnipFMC Q2 2024 earnings: beat expectations
TechnipFMC (NYSE:FTI) Second Quarter 2024 Results
Main financial results
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Revenue: $2.33 billion (up 18% from Q2 2023).
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Net income: $186.5 million (up from a loss of $87.2 million in Q2 2023).
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Profit margin: 8.0% (above net loss in Q2 2023). The shift to profitability was driven by higher revenue.
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EPS: $0.43 (up from a loss of $0.20 in Q2 2023).
earnings-and-revenue-growth
All numbers shown in the chart above are for the trailing 12 month period (TTM)
TechnipFMC revenues and profits exceed expectations
Revenue beat analysts’ estimates by 4.5%. Earnings per share (EPS) also beat analysts’ estimates by 35%.
Looking ahead, revenue is forecast to grow by an average of 8.1% per year over the next 3 years, compared to a 7.3% growth forecast for the US energy services sector.
Performance of the United States energy services sector.
The company’s shares are up 4.8% from last week.
Balance Sheet Analysis
While it’s very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We’ve done some analysis and you can see our opinion on TechnipFMC’s balance sheet.
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