TechnipFMC plc

For the period ended Mar 31, 2024. Filed Apr 26, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed Apr 26, 2024

FTI$64.55+0.9%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Income

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

	Three Months Ended
	March 31,
(In millions, except per share data)	2024	2023
Revenue
Service revenue	$1,165.8	$868.1
Product revenue	813.9	795.1
Lease revenue	62.3	54.2
Total revenue	2,042.0	1,717.4
Costs and expenses
Cost of service revenue	1,019.1	802.0
Cost of product revenue	643.2	654.7
Cost of lease revenue	38.3	39.8
Selling, general and administrative expense	159.8	153.9
Research and development expense	17.6	15.4
Restructuring, impairment and other charges	5.0	0.6
Total costs and expenses	1,883.0	1,666.4
Other income (expense), net	(12.3)	(1.3)
Gain on disposal of Measurement Solutions business (Note 3)	75.2	—
Income from equity affiliates (Note 10)	1.4	14.2
Income before net interest expense and income taxes	223.3	63.9
Interest income	13.7	8.3
Interest expense	(26.4)	(27.0)
Income before income taxes	210.6	45.2
Provision for income taxes (Note 16)	49.7	37.4
Net income	160.9	7.8
Net income attributable to non-controlling interests	(3.8)	(7.4)
Net income attributable to TechnipFMC plc	$157.1	$0.4
Earnings per share attributable to TechnipFMC plc
Basic	$0.36	$0.00
Diluted	$0.35	$0.00
Weighted average shares outstanding (Note 6)
Basic	433.6	442.1
Diluted	446.3	455.0

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.