TechnipFMC Announces Fourth Quarter 2019 Results

Press release | February 26 2020

TechnipFMC Announces Fourth Quarter 2019 Results Full year 2019

Subsea orders up 54% versus 2018; iEPCI inbound more than doubled

Onshore/Offshore orders up 76% versus 2018; LNG awards exceed $8 billion

Total Company backlog of $24.3 billion, an increase of 67% versus 2018

Separation of Technip Energies on-track for completion in the second quarter

2020 financial guidance initiated

Fourth quarter 2019

U.S. GAAP diluted loss per share was $5.40

Includes after-tax charges, net of credits, of $5.43 per diluted share

Adjusted diluted earnings per share, excluding charges and credits, was $0.03

Includes foreign exchange losses of $0.13 per diluted share

Includes expense resulting from increased liability to joint venture partners of $0.22 per diluted share

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Feb. 26, 2020-- Regulatory News:

TechnipFMC plc (NYSE:FTI) (Paris:FTI) (ISIN:GB00BDSFG982) today reported fourth quarter 2019 results.

Summary Financial Statements - Fourth Quarter 2019

Reconciliation of U.S. GAAP to non-GAAP financial measures are below and in financial schedules.

Three Months Ended

(In millions, except per share amounts)

December 31,

2019

December 31,

2018

Change

Revenue

$3,726.8

$3,323.0

12.2%

Net income (loss)

$(2,414.0)

$(2,259.3)

n/m

Diluted earnings (loss) per share

$(5.40)

$(5.00)

n/m

Adjusted EBITDA

$404.4

$342.4

18.1%

Adjusted EBITDA margin

10.9%

10.3%

60 bps

Adjusted net income (loss)

$15.1

$(39.0)

n/m

Adjusted diluted earnings (loss) per share

$0.03

$(0.09)

n/m

Inbound orders

$2,718.4

$2,925.1

(7.1%)

Backlog

$24,251.1

$14,560.0

66.6%

LINK:	https://www.technipfmc.com/en/media/press-releases/2020/02/technipfmc-...
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