TechnipFMC Expects Its FY24 Subsea Revenue In Range Of $7.2B-$7.6B And Surface Technologies In Range Of $1.2B-$1.35B; And Free Cash Flow Of $350M- $500M
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TechnipFMC forecasts its FY24 Subsea revenue to be between $7.2B-$7.6B and Surface Technologies revenue between $1.2B-$1.35B, with an expected free cash flow of $350M-$500M.

February 22, 2024 | 11:50 am
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TechnipFMC anticipates FY24 Subsea revenue between $7.2B-$7.6B, Surface Technologies revenue between $1.2B-$1.35B, and free cash flow of $350M-$500M.
The positive revenue and free cash flow forecasts for FY24 indicate a strong financial outlook for TechnipFMC, likely leading to a positive short-term impact on its stock price. The specific mention of significant revenue figures in both Subsea and Surface Technologies segments, along with a substantial free cash flow projection, underscores the company's growth potential and operational efficiency. This detailed financial guidance provides investors with a clear picture of TechnipFMC's future performance, enhancing confidence in the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100