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TechnipFMC’s Q2 2018 Earnings Missed the Estimates

Alex Chamberlin
Updated
TechnipFMC’s Q2 2018 Earnings Missed the Estimates

TechnipFMC (FTI) released its second-quarter financial results on July 25 after the market closed. The company recorded operating revenues of $2.96 billion in the second quarter—down 23% from ~$3.85 billion recorded in the second quarter of 2017. TechnipFMC’s second-quarter revenues decreased due to declining inbound orders in the Subsea segments. The negative impact was partially offset by increased demand for hydraulic fracturing, wellhead, and pressure control equipment and services.

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