TechnipFMC's Subsea Inbound Orders Were $2.5B For Q3 With Book-To-Bill Of 1.2x.; Total Company Inbound Was $2.8B, Driving Backlog To $14.7B
Portfolio Pulse from Benzinga Newsdesk
TechnipFMC reported $2.5 billion in subsea inbound orders for Q3, with a book-to-bill ratio of 1.2x. The total company inbound orders were $2.8 billion, increasing the backlog to a record $14.7 billion.
October 24, 2024 | 10:51 am
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TechnipFMC's Q3 subsea inbound orders reached $2.5 billion, with a book-to-bill ratio of 1.2x. The total company inbound orders were $2.8 billion, driving the backlog to a record $14.7 billion.
The strong subsea inbound orders and a high book-to-bill ratio indicate robust demand and operational efficiency, likely leading to positive investor sentiment and a potential short-term stock price increase.
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