• Net income of $105.7 million and adjusted EBITDA of $377.2 million
• Inbound orders of $4.2 billion; orders exceeded revenue in all segments
  • Subsea: orders $1.5 billion, book-to-bill 1.2x, backlog $6.2 billion
  • Onshore/Offshore: orders $2.3 billion, book-to-bill 1.7x, backlog $8.3 billion
• Onshore/Offshore guidance for 2018 increased

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Jul. 25, 2018-- Regulatory News:

TechnipFMC plc (NYSE:FTI) (Paris:FTI) today reported second quarter 2018 results.

Total Company net income was $105.7 million, or $0.23 per diluted share. These results included after-tax charges and credits of $26.1 million, or $0.05 per diluted share as detailed in the financial schedules. Adjusted diluted earnings per share were $0.28.

The following pre-tax items impacted the quarter and were not included in the Company’s guidance:

• $24.3 million, or $0.04 per diluted share, of foreign exchange losses included in corporate expense; and
• $49.1 million, or $0.11 per diluted share, of increased liability payable to joint venture partners included in interest expense.

Total Company revenue was $2,960.9 million. Adjusted EBITDA, which excludes charges and credits, was $377.2 million. Adjusted EBITDA margin was 12.7 percent.

Summary Financial Statements

Reconciliation of U.S. GAAP to non-GAAP financial measures are detailed below and in the financial schedules.