30 Jul TechnipFMC Announces Second-Quarter 2026 Results
(Oilandgaspress) 30/07/26, -Total Company revenue in the second quarter was $2,763.1 million. Net income attributable to TechnipFMC was $362.7 million, or $0.90 per diluted share. These results included after-tax charges and credits totaling $4.4 million of expense.
Adjusted net income was $367.1 million, or $0.91 per diluted share.
Adjusted EBITDA, which excludes pre-tax charges and credits, was $581.9 million; adjusted EBITDA margin was 21.1 percent .
Included in total Company results was a foreign exchange loss of $19.3 million, or a loss of $17.2 million after-tax. When excluding the after-tax impact of the foreign exchange loss, net income was $379.9 million. Adjusted EBITDA, excluding the foreign exchange loss of $19.3 million, was $601.2 million.
Summary Financial Results from Continuing Operations
Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.
| Three Months Ended | Change | ||||
| (In millions, except per share amounts) | Jun. 30,2026 | Mar. 31,2026 | Jun. 30,2025 | Sequential | Year-over-Year |
| Revenue | $2,763.1 | $2,492.7 | $2,534.7 | 10.8% | 9.0% |
| Net income | $362.7 | $260.5 | $269.5 | 39.2% | 34.6% |
| Net income margin | 13.1% | 10.5% | 10.6% | 260 bps | 250 bps |
| Diluted earnings per share | $0.90 | $0.64 | $0.64 | 40.6% | 40.6% |
| Adjusted EBITDA | $581.9 | $466.0 | $520.8 | 24.9% | 11.7% |
| Adjusted EBITDA margin | 21.1% | 18.7% | 20.5% | 240 bps | 60 bps |
| Adjusted net income | $367.1 | $260.9 | $285.5 | 40.7% | 28.6% |
| Adjusted diluted earnings per share | $0.91 | $0.64 | $0.68 | 42.2% | 33.8% |
| Inbound orders | $2,726.6 | $2,152.4 | $2,831.0 | 26.7% | (3.7%) |
| Backlog | $16,440.0 | $16,468.0 | $16,645.9 | (0.2%) | (1.2%) |
Subsea reported second-quarter revenue of $2,486.9 million, an increase of 12.6 percent from the first quarter. The sequential revenue improvement was driven by increased project activity, particularly iEPCI® projects in the North Sea and the Mediterranean, partially offset by lower activity in Africa and the U.S. Gulf.
Subsea reported an operating profit of $486.5 million, an increase of 39.4 percent when compared to the first quarter. Operating results improved sequentially due to strong execution and higher project activity. Operating profit margin increased 380 basis points to 19.6 percent.
Subsea reported adjusted EBITDA of $577.2 million, an increase of 31 percent when compared to the first quarter. The factors impacting operating profit also drove the sequential increase in adjusted EBITDA. Adjusted EBITDA margin increased 320 basis points to 23.2 percent.
Subsea inbound orders were $2,507.1 million for the quarter. Book-to-bill in the period was 1.0x.
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