TechnipFMC: misses consensus mark in Q1
(CercleFinance.com) - TechnipFMC posts global net turnover of 95.
1 million dollars, representing 0.20 dollars per diluted share for the first three months of 2018.
In terms of adjusted data, diluted EPS grew by 7.7% to 0.28 dollars, albeit missing consensus by six cents.
The oil and gas group's adjusted EBITDA was down 8% to 386.6 million dollars, for an unchanged margin of 12.4% and a global turnover down 7.8% to 3,125.2 million and orders for 3.5 billion dollars.
Confident in its capacity to achieve the financial targets set for this year, TechnipFMC reviews its adjusted EBITDA margin forecast up for the onshore/offshore segment to at least 11.5% compared to the previous forecast which came to 10.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
1 million dollars, representing 0.20 dollars per diluted share for the first three months of 2018.
In terms of adjusted data, diluted EPS grew by 7.7% to 0.28 dollars, albeit missing consensus by six cents.
The oil and gas group's adjusted EBITDA was down 8% to 386.6 million dollars, for an unchanged margin of 12.4% and a global turnover down 7.8% to 3,125.2 million and orders for 3.5 billion dollars.
Confident in its capacity to achieve the financial targets set for this year, TechnipFMC reviews its adjusted EBITDA margin forecast up for the onshore/offshore segment to at least 11.5% compared to the previous forecast which came to 10.5%.
Copyright (c) 2018 CercleFinance.com. All rights reserved.