TechnipFMC (FTI) Misses Q3 EPS by 6c

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TechnipFMC Announces Third Quarter 2020 Results

October 21, 2020 4:15 PM EDT

Solid operational results driven by strong execution across all segments Total Company inbound orders of $2.2 billion; Subsea book-to-bill of 1.1 Resilient backlog of $19.6 billion; $9.4 billion scheduled in 2021 Achieved targeted cost savings of more than $350 million ahead of schedule Cash flow from operations of $168 million; free cash flow of $95 million U.S. GAAP diluted loss per share was $0.01 Includes total after-tax charges, net of credits, of $0.17 per diluted share Adjusted diluted earnings per share, excluding charges and credits, was... More