TechnipFMC plc has reported a strong Q1 2024, with significant inbound orders of $2.4 billion and innovative project awards focusing on subsea technology and carbon capture solutions.

Target Information

TechnipFMC plc, a prominent provider of technology solutions to the energy industry, recently reported its financial results for the first quarter of 2024. The company, which operates primarily in the sectors of subsea and surface technologies, demonstrated robust performance with total revenue of $2.04 billion. The net income attributable to TechnipFMC reached $157.1 million, translating to earnings per share of $0.35, marking a significant improvement compared to the previous year.

The company's operations are segmented into Subsea and Surface Technologies, each contributing to its strong financial standing. In particular, TechnipFMC's subsea sector excelled with inbound orders totaling $2.4 billion and a book-to-bill ratio of 1.4, indicating a healthy pipeline of future work. Noteworthy projects include groundbreaking integrated awards for iEPCI™ developments, which embrace innovative technological solutions for carbon capture and energy production.

Industry Overview in Brazil

Brazil's energy industry, particularly in subsea development, is rapidly evolving. It is characterized by increasing demand for sustainable energy solutions and a push towards reducing carbon emissions. The country is a significant playe