• Net income of $136.9 million and adjusted EBITDA of $430.5 million
• Inbound orders of $3.6 billion; Subsea orders exceeded revenue for the fourth consecutive quarter
• Backlog increased year-over-year in all segments
• Updated 2018 guidance reflects strong execution in Onshore/Offshore and revised market outlook for Surface Technologies

LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Oct. 24, 2018-- Regulatory News:

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

Total Company revenue was $3,143.8 million. Net income was $136.9 million, or $0.30 per diluted share. These results included after-tax charges and credits of $2.9 million, or $0.01 per diluted share; adjusted diluted earnings per share were $0.31.

Adjusted EBITDA, which excludes charges and credits, was $430.5 million; adjusted EBITDA margin was 13.7 percent. After-tax charges and credits are detailed in the financial schedules.

Other significant pre-tax items impacting the quarter, for which we do not provide guidance, included the following:

• $34.4 million, or $0.05 per diluted share, of foreign exchange losses included in corporate expense; and
• $93.2 million, or $0.20 per diluted share, of increased liability payable to joint venture partners included in interest expense.

Summary Financial Statements

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