Press release | July 24 2019
TechnipFMC Announces Second Quarter 2019 Results LONDON & PARIS & HOUSTON--(BUSINESS WIRE)-- Regulatory News:
TechnipFMC plc (NYSE: FTI) (Paris: FTI) today reported second quarter 2019 results.
Total Company revenue was $3,434.2 million. Net income was $97 million, or $0.21 per diluted share. These results included after-tax charges and credits totaling $78.6 million of expense, or $0.18 per diluted share; adjusted diluted earnings per share were $0.39.
Adjusted EBITDA, which excludes pre-tax charges and credits, was $450 million; adjusted EBITDA margin was 13.1 percent (Exhibit 9).
Other significant pre-tax items impacting the quarter, for which we do not provide guidance, included the following:
$18 million of foreign exchange losses included in corporate expense, or $0.03 per diluted share on an after-tax basis; and
$140.2 million of increased liability payable to joint venture partners included in interest expense, or $0.31 per diluted share on an after-tax basis.
Summary Financial Statements - Second Quarter 2019
Reconciliation of U.S. GAAP to non-GAAP financial measures are below and in financial schedules.
Three Months Ended
(In millions, except per share amounts)
June 30,
2019
June 30,
2018
Change
Revenue
$3,434.2
$2,960.9
16.0%
Net income
$97.0
$105.7
(8.2%)
Diluted earnings per share
$0.21
$0.23
(8.7%)
Adjusted EBITDA
$450.0
$377.2
19.3%
Adjusted EBITDA margin
13.1
%
12.7
%
40 bps
Adjusted net income
$175.6
$131.8
33.2%
Adjusted diluted earnings per share
$0.39
$0.28
39.3%
Inbound orders
$11,179.6
$4,231.7
164.2%
Backlog
$25,781.9
$14,871.8
73.4%
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Press release | July 24 2019 
