TechnipFMC Q3 revenue rises 14% to $2.3 billion; backlog hits record $14.7 billion
TechnipFMC reported third-quarter 2024 revenue of $2,348.4 million, up 14.2% from a year earlier, and net income attributable to the company of $274.6 million, or $0.63 per diluted share, compared with $90.0 million a year earlier. The board also raised its share repurchase authorization by $1 billion and the company raised its 2025 Subsea revenue and margin guidance, which matters to shareholders because it signals higher capital returns and a stronger outlook.
Key points
- Revenue of $2,348.4 million, up 14.2% year over year and 1.0% from the second quarter.
- Net income attributable to TechnipFMC of $274.6 million ($0.63 diluted EPS), including a $60.6 million non-cash tax benefit.
- Share repurchase authorization increased by $1 billion, bringing total authorized repurchases to up to $1.2 billion.
- 2025 Subsea revenue guidance raised to $8.3-8.7 billion from about $8 billion; adjusted EBITDA margin guidance raised to 18.5-20% from about 18%.
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 October 24, 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.