TechnipFMC FY24 Guidance: Subsea Revenue Raised To $7.6B-$7.8B (Prior $7.2B-$7.6B) And Surface Technologies Of $1.2B-$1.35B; And Free Cash Flow Raised To $425M-$575M
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC has updated its FY24 guidance, raising subsea revenue to $7.6B-$7.8B from $7.2B-$7.6B, and surface technologies revenue to $1.2B-$1.35B. Free cash flow guidance has also been increased to $425M-$575M from $350M-$500M.
July 25, 2024 | 10:51 am
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TechnipFMC has raised its FY24 guidance, increasing subsea revenue, surface technologies revenue, and free cash flow. This positive revision indicates strong business performance and growth prospects.
The raised guidance for subsea revenue, surface technologies revenue, and free cash flow suggests improved business performance and growth prospects for TechnipFMC. This is likely to positively impact the stock price in the short term.
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