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%
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Press release | February 26 2020 
