TechnipFMC Announces First Quarter 2021 Results
TechnipFMC plc (NYSE: FTI) reported first quarter 2021 results, showcasing a revenue increase of 3.1% to $1,632.0 million from $1,582.6 million in Q1 2020. The company recovered significantly from a $3,234.8 million loss in the same quarter last year, posting an income of $430.3 million. Diluted earnings per share rose to $0.95, up from $(7.23) a year earlier. Adjusted EBITDA surged 107.3% to $165.2 million compared to $79.7 million in Q1 2020, indicating strong operational performance.
- Revenue increased to $1,632.0 million, up 3.1% year-over-year.
- Income improved to $430.3 million from a loss of $3,234.8 million last year.
- Diluted EPS rose to $0.95 from $(7.23) in Q1 2020.
- Adjusted EBITDA increased by 107.3% to $165.2 million.
- None.
Regulatory News:
TechnipFMC plc (NYSE: FTI) (Paris: FTI) today reported first quarter 2021 results.
Summary Financial Results from Continuing Operations
Reconciliation of U.S. GAAP to non-GAAP financial measures are provided in financial schedules.
Three Months Ended (In millions, except per share amounts) |
March 31, 2021 |
March 31, 2020 |
Change |
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Revenue |
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Income (loss) |
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n/m |
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Diluted earnings (loss) per share |
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n/m |
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Adjusted EBITDA |
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Adjusted EBITDA margin |
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