With approximately 21,000 employees, TechnipFMC would be the largest diversified pure play in the industry. The Company's role will be to support clients in the delivery of unique, integrated production solutions. TechnipFMC will continue to transform the industry through its pioneering integrated delivery model - iEPCI™, technology leadership and digital innovation.

Company profile
Ticker
FTI
Exchange
Website
CEO
Douglas Pferdehirt
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
TechnipFMC Ltd
SEC CIK
Corporate docs
Subsidiaries
Asiaflex Products Sdn Bhd • Flexi France SAS • FMC Technologies Inc • Lusotechnip Engenharia, Sociedade Unipessoal Lda. • Technip Brasil - Engenharia, Instalacoes E Apoio Maritimo Ltda • Technip Marine (M) Sdn Bhd • Technip N-Power SAS • Technip Offshore International SAS • Technip UK Ltd • Technip-Coflexip U.K Holdings Ltd. ...
FTI stock data
News

Why Jim Cramer Says This Financial Stock Is 'Terrific'
12 Aug 22
TechnipFMC plc (FTI) Q2 Earnings Lag Estimates, Sales Beat
2 Aug 22
TechnipFMC Awarded Significant Contract by ExxonMobil Affiliate for Gas to Energy Project in Guyana
1 Aug 22
Chevron, Amazon And Some Other Big Gainers From Friday
1 Aug 22
TechnipFMC Reaffirms Guidance
27 Jul 22
Press releases
TechnipFMC Awarded Significant Contract for Gas to Energy Project in Guyana
1 Aug 22
TechnipFMC Announces Second Quarter 2022 Results
27 Jul 22
TechnipFMC Announces $400 Million Share Repurchase Authorization
27 Jul 22
TechnipFMC Awarded Integrated FEED (iFEED™) Contract by Equinor for BM-C-33 Project in Brazil
5 Jul 22
TechnipFMC to Address Attendees at the J.P. Morgan 2022 Energy, Power and Renewables Conference
21 Jun 22
Analyst ratings and price targets
Current price
Average target
$11.00
Low target
$8.00
High target
$14.00
B of A Securities
Upgraded
$8.00
Cowen & Co.
Maintains
$14.00
Calendar
29 Jul 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 684.9M | 684.9M | 684.9M | 684.9M | 684.9M | 684.9M |
Cash burn (monthly) | 172.7M | 14.17M | (no burn) | (no burn) | 32.3M | (no burn) |
Cash used (since last report) | 249.92M | 20.5M | n/a | n/a | 46.74M | n/a |
Cash remaining | 434.98M | 664.4M | n/a | n/a | 638.16M | n/a |
Runway (months of cash) | 2.5 | 46.9 | n/a | n/a | 19.8 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
8 Mar 22 | Nisha P. Rai | Ordinary Shares | Grant | Acquire A | No | No | 0 | 19,035 | 0 | 45,685 |
8 Mar 22 | Rounce Justin | Ordinary Shares | Grant | Acquire A | No | No | 0 | 68,527 | 0 | 533,781 |
8 Mar 22 | Rounce Justin | Ordinary Shares | Payment of exercise | Dispose F | No | No | 7.88 | 21,458 | 169.09K | 465,254 |
8 Mar 22 | Alf Melin | Ordinary Shares | Grant | Acquire A | No | No | 0 | 74,238 | 0 | 200,141 |
8 Mar 22 | Alf Melin | Ordinary Shares | Payment of exercise | Dispose F | No | No | 7.88 | 4,049 | 31.91K | 125,903 |
8 Mar 22 | Krisztina Doroghazi | Ordinary Shares | Grant | Acquire A | No | No | 0 | 8,331 | 0 | 39,049 |
8 Mar 22 | Krisztina Doroghazi | Ordinary Shares | Payment of exercise | Dispose F | No | No | 7.88 | 2,700 | 21.28K | 30,718 |
Institutional ownership, Q1 2022
89.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 273 |
Opened positions | 61 |
Closed positions | 45 |
Increased positions | 110 |
Reduced positions | 63 |
13F shares | Current |
---|---|
Total value | 3.32B |
Total shares | 430.22M |
Total puts | 1.28M |
Total calls | 680.1K |
Total put/call ratio | 1.9 |
Largest owners | Shares | Value |
---|---|---|
TROW T. Rowe Price | 60.47M | $468.64M |
FMR | 32.12M | $248.96M |
PZN Pzena Investment Management | 27.29M | $211.46M |
AMP Ameriprise Financial | 26.47M | $206.01M |
Van Eck Associates | 23.01M | $178.33M |
Bpifrance Participations | 22.12M | $160.37M |
BEN Franklin Resources | 18.43M | $142.85M |
Dimensional Fund Advisors | 16.55M | $128.27M |
Caisse De Depot Et Placement Du Quebec | 13.78M | $106.77M |
BLK Blackrock | 9.92M | $76.85M |
Financial report summary
?Competition
Oceaneering International • Schlumberger • Mcdermott International • BAKER HUGHES a GE • NOV • Dril-Quip • Fluor • Forum Energy • Cactus • Baker HughesRisks
- Risks Related to Our Business and Industry
- Risks Related to Our Operations
- Risks Related to Legal Proceedings, Tax, and Regulatory Matters
- Demand for our products and services depends on oil and gas industry activity and expenditure levels, which are directly affected by trends in the demand for and price of crude oil and natural gas.
- We operate in a highly competitive environment and unanticipated changes relating to competitive factors in our industry, including ongoing industry consolidation, may impact our results of operations.
- The COVID-19 pandemic has reduced demand for our products and services, and has had, and may continue to have, an adverse impact on our financial condition, results of operations, and cash flows.
- Our success depends on our ability to develop, implement, and protect new technologies and services and the intellectual property related thereto.
- Due to the types of contracts we enter into and the markets in which we operate, the cumulative loss of several major contracts, customers, or alliances may have an adverse effect on our results of operations, and the credit and commercial terms of certain contracts may subject us to further risks.
- Disruptions in the political, regulatory, economic, and social conditions of the countries in which we conduct business could adversely affect our business or results of operations.
- The United Kingdom’s withdrawal from the European Union may have a negative effect on global economic conditions, financial markets, and our business.
- Our existing and future debt may limit cash flow available to invest in the ongoing needs of our business and could prevent us from fulfilling our obligations under our outstanding debt.
- The terms of the agreements governing our existing indebtedness restrict our current and future operations, particularly our ability to respond to changes or to take certain actions.
- Our acquisition and divestiture activities involve substantial risks.
- We may lose money on fixed-price contracts.
- Our failure to timely deliver our backlog could affect future sales, profitability, and relationships with our customers.
- We face risks relating to our reliance on subcontractors, suppliers, and our joint venture partners.
- A failure or breach of our IT infrastructure or that of our subcontractors, suppliers or joint venture partners, including as a result of cyber-attacks, could adversely impact our business and results of operations.
- Pirates endanger our maritime employees and assets.
- The industries in which we operate or have operated expose us to potential liabilities, including the installation or use of our products, which may not be covered by insurance or may be in excess of policy limits, or for which expected recoveries may not be realized.
- Our operations require us to comply with numerous regulations, violations of which could have a material adverse effect on our financial condition, results of operations, or cash flows.
- Compliance with environmental and climate change-related laws and regulations may adversely affect our business and results of operations.
- Existing or future laws and regulations relating to greenhouse gas emissions and climate change may adversely affect our business.
- As an English public limited company, we must meet certain additional financial requirements before we may declare dividends or repurchase shares and certain capital structure decisions may require stockholder approval which may limit our flexibility to manage our capital structure. We may not be able to pay dividends or repurchase our ordinary shares in accordance with our announced intent, or at all.
- Uninsured claims and litigation against us, including product liability and claims and intellectual property litigation, could adversely impact our financial condition, results of operations, or cash flows.
- We are subject to governmental regulation and other legal obligations related to privacy, data protection, and data security. Our actual or perceived failure to comply with such obligations could harm our business.
- The IRS may not agree that we should be treated as a foreign corporation for U.S. federal tax purposes and may seek to impose an excise tax on gains recognized by certain individuals.
- U.S. tax laws and/or guidance could affect our ability to engage in certain acquisition strategies and certain internal restructurings.
- We are subject to the tax laws of numerous jurisdictions; challenges to the interpretation of, or future changes to, such laws could adversely affect us.
- We may not qualify for benefits under tax treaties entered into between the United Kingdom and other countries.
- We intend to be treated exclusively as a resident of the United Kingdom for tax purposes, but French or other tax authorities may seek to treat us as a tax resident of another jurisdiction.
- Our businesses are dependent on the continuing services of our key managers and employees.
- Seasonal and weather conditions could adversely affect demand for our services and operations.
- Currency exchange rate fluctuations could adversely affect our financial condition, results of operations, or cash flows.
- We are exposed to risks in connection with our defined benefit pension plan commitments.
Management Discussion
- ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
- We are a global leader in energy projects, technologies, systems and services. We have manufacturing operations worldwide, strategically located to facilitate efficient delivery of these products, technologies, systems and services to our customers. We report our results of operations in two segments: Subsea and Surface Technologies. Management’s determination of our reporting segments was made on the basis of our strategic priorities and corresponds to the manner in which our Chief Executive Officer reviews and evaluates operating performance to make decisions about resource allocations to each segment.
- A summarized description of our products and services and annual financial data for each segment can be found in Note 7 to our consolidated financial statements.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
New words:
architect, building, Capable, clean, Clov, Eday, grid, growing, Halten, inventory, Jumbo, Marine, obtained, Orbital, Orkney, pool, Round, Russia, stream, tidal, turbine, twelve, Yellowtail
Removed:
achieved, Barossa, Coral, COVID, eliminate, Eni, expand, longer, October, paper, Phase, principal, quickly, remained, serve, spending, stake, synthetic, tendered
Financial reports
Current reports
8-K
TechnipFMC Announces Second Quarter 2022 Results
27 Jul 22
8-K
Entry into a Material Definitive Agreement
10 May 22
8-K
Submission of Matters to a Vote of Security Holders
3 May 22
8-K
TechnipFMC Announces First Quarter 2022 Results
27 Apr 22
8-K
Departure of Directors or Certain Officers
1 Apr 22
8-K
TechnipFMC Announces Fourth Quarter 2021 Results
23 Feb 22
8-K
TechnipFMC Announces Third Quarter 2021 Results
20 Oct 21
8-K
Other Events
8 Sep 21
8-K
TechnipFMC Announces Second Quarter 2021 Results
21 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
20 May 21
Registration and prospectus
424B2
Prospectus for primary offering
12 Aug 20
S-3ASR
Automatic shelf registration
4 Aug 20
S-8 POS
Registration of securities for employees (post-effective amendment)
28 Jun 20
424B3
Prospectus supplement
23 Apr 18
S-4/A
Registration of securities issued in business combination transactions (amended)
18 Apr 18
S-4
Registration of securities issued in business combination transactions
2 Apr 18
S-8
Registration of securities for employees
26 Feb 17
S-8
Registration of securities for employees
26 Feb 17
8-A12B
Registration of securities on exchange
16 Jan 17
424B3
Prospectus supplement
24 Oct 16
Proxies
DEFA14A
Additional proxy soliciting materials
19 Apr 22
DEFA14A
Additional proxy soliciting materials
18 Mar 22
DEFA14A
Additional proxy soliciting materials
6 May 21
DEFA14A
Additional proxy soliciting materials
9 Apr 21
DEFA14A
Additional proxy soliciting materials
1 Apr 20
DEFA14A
Additional proxy soliciting materials
13 Mar 20
DEF 14A
Definitive proxy
13 Mar 20
DEFA14A
Additional proxy soliciting materials
18 Mar 19
Other
SD
Conflict minerals disclosure
25 May 22
SD
Conflict minerals disclosure
21 May 21
SD
Conflict minerals disclosure
28 May 20
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
12 Nov 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
8 Aug 19
SD
Conflict minerals disclosure
24 May 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
9 May 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
11 Mar 19
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
6 Nov 18
IRAN
Disclosure regarding Iran Threat Reduction and Syria Human Rights Act
6 Aug 18
Ownership
3
TechnipFMC / Thierry Conti ownership change
11 May 22
4
TechnipFMC / JOHN C G OLEARY ownership change
1 Apr 22
4
TechnipFMC / Margareth Oevrum ownership change
1 Apr 22
4
TechnipFMC / Peter Mellbye ownership change
1 Apr 22
4
TechnipFMC / Kay G Priestly ownership change
1 Apr 22
4
TechnipFMC / CLAIRE S FARLEY ownership change
1 Apr 22
4
TechnipFMC / Carvalho Filho Eleazar de ownership change
1 Apr 22
4
TechnipFMC / Rousset Sophie Zurquiyah ownership change
1 Apr 22
4
TechnipFMC / JOHN YEARWOOD ownership change
1 Apr 22
4
TechnipFMC / Douglas J. Pferdehirt ownership change
10 Mar 22
Transcripts
2022 Q2
Earnings call transcript
28 Jul 22
2022 Q1
Earnings call transcript
28 Apr 22
2021 Q4
Earnings call transcript
24 Feb 22
2021 Q3
Earnings call transcript
21 Oct 21
2021 Q2
Earnings call transcript
22 Jul 21
2021 Q1
Earnings call transcript
28 Apr 21
2020 Q4
Earnings call transcript
25 Feb 21
2020 Q3
Earnings call transcript
22 Oct 20
2020 Q2
Earnings call transcript
30 Jul 20
2020 Q1
Earnings call transcript
23 Apr 20
Reddit threads
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Pre-market summary - June 17th
17 Jun 22
Blue Ocean Urges Shareholders of Global Cord Blood Corporation to Join Forces to Terminate its Proposed Acquisition of Cellenkos Inc
9 May 22
Daily Discussion Thread - April 27th, 2022
27 Apr 22
Daily Discussion Thread - April 26th, 2022
26 Apr 22
Daily Discussion Thread - April 25th, 2022
25 Apr 22
Pre-market April 19th
19 Apr 22
How could I invest in public transportation?
30 Mar 22