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AI brief of an SEC Form 8-K · TechnipFMC (FTI)

TechnipFMC Q2 revenue up 17.9% to $2.3 billion; full-year guidance raised

Positive Impact 4 of 5 guidance Written later

TechnipFMC reported second-quarter 2024 revenue of $2,325.6 million, up 17.9% from $1,972.2 million a year earlier, and net income attributable to the company of $186.5 million, or $0.42 per diluted share, compared with a loss of $87.2 million a year earlier. The company raised its 2024 guidance for Subsea revenue, Subsea adjusted EBITDA margin and free cash flow, which gives shareholders a higher outlook for the year.

Key points

  • Revenue of $2,325.6 million, up from $2,042.0 million in the first quarter of 2024 and $1,972.2 million in the second quarter of 2023.
  • Diluted earnings of $0.42 per share, compared with a loss of $(0.20) per share a year earlier; adjusted diluted EPS was $0.43.
  • Full-year 2024 Subsea revenue guidance raised to $7.6-7.8 billion from $7.2-7.6 billion; free cash flow guidance raised to $425-575 million from $350-500 million.
  • Total shareholder distributions of $121.5 million in the quarter, including $100 million of share repurchases.

The filing

CompanyTechnipFMC (FTI)
Form8-K, current report
Filed with the SECJul 25, 2024, 6:48 AM ET
Accession number0001681459-24-000116

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

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 July 25, 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.