TechnipFMC Q1 2024 net income rises to $157.1 million; revenue up 18.9% from a year earlier
TechnipFMC reported first quarter 2024 revenue of $2.04 billion, up 18.9% from a year earlier but down 1.7% from the fourth quarter. Net income attributable to the company was $157.1 million, or $0.35 per diluted share, helped by a $75.2 million gain on the sale of its Measurement Solutions business, and the company left its full-year 2024 guidance unchanged.
Key points
- Revenue of $2,042.0 million, up 18.9% year over year and down 1.7% from the fourth quarter
- Net income attributable to TechnipFMC of $157.1 million, or $0.35 per diluted share, versus $0.4 million a year earlier; includes a $75.2 million pre-tax gain on the Measurement Solutions disposal
- Subsea inbound orders of $2.4 billion, book-to-bill of 1.4; total backlog of $13.5 billion
- Shareholder distributions of $171.8 million in the quarter; full-year 2024 guidance unchanged from February 22, 2024, with distributions now expected to grow at least 70% versus 2023
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:10 AM ET, from the text of the filing and its press-release exhibits 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 April 25, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.