TechnipFMC Announces Fourth Quarter 2017 Results

Press release | February 21 2018

TechnipFMC Announces Fourth Quarter 2017 Results LONDON & PARIS & HOUSTON--(BUSINESS WIRE)-- Regulatory News:

TechnipFMC plc (NYSE:FTI) (Paris:FTI) today reported fourth quarter 2017 results.

Total Company revenue in the fourth quarter was $3,683 million. The Company reported a net loss of $153.9 million, or $0.33 per share. These results included $244.8 million of after-tax charges and credits, or $0.53 per share. These charges and credits are comprised of non-cash charges of $138.2 million resulting from tax reform, and other charges and credits of $106.6 million as detailed in the financial schedules. Adjusted diluted earnings per share were $0.20.

Summary Financial Statements - Fourth Quarter 2017 2

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

(In millions, except per share amounts) Three Months Ended December 31, 2017

Three Months Ended December 31, 2016

(Pro Forma)

Change

Revenue $3,683.0 $4,379.7 (15.9%)

Net income (loss) $(153.9) $(100.6) (53.0%)

EPS (loss) $(0.33)

Adjusted EBITDA $573.1 $525.9 9.0%

Adjusted EBITDA margin 15.6% 12.0% 360 bps

Net income, excluding charges and credits $90.9

Diluted EPS, excluding charges and credits $0.20

Inbound orders $2,991.9

Backlog $12,982.8

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