TechnipFMC Q4 2023 revenue rises 22.6% to $2.08 billion; net income $53 million
TechnipFMC reported fourth-quarter 2023 revenue of $2.08 billion, up 22.6% from a year earlier, and diluted earnings of $0.12 per share, compared with a loss of $0.06 a year earlier. Sequentially, revenue rose 1.0%, while adjusted EBITDA fell 7.9% and diluted EPS fell from $0.20 in the third quarter. The company also issued 2024 guidance, including Subsea revenue of $7.2 to $7.6 billion, giving shareholders a view of expected results for the year.
Key points
- Q4 2023 revenue was $2,077.7 million, up 22.6% year over year and 1.0% from the third quarter.
- Diluted EPS was $0.12, versus a loss of $0.06 a year earlier and $0.20 in the third quarter of 2023.
- Adjusted EBITDA was $218.7 million, up 80.9% year over year but down 7.9% from the third quarter.
- 2024 guidance: Subsea revenue of $7.2 to $7.6 billion and Surface Technologies revenue of $1.2 to $1.35 billion.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 22, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.