TechnipFMC plc: Increased Visibility and Growth in Subsea Market! 

TechnipFMC, an energy services company, reported strong financial results for its fourth quarter and full year 2023. For the year, the company’s total inbound orders increased to $11 billion, reflecting a growth of 45% compared to the previous year. This was largely boosted by Subsea orders of $9.7 billion. Additionally, the company’s total revenue grew 17% to $7.8 billion compared to the previous year, and its Adjusted EBITDA improved to $939 million. TechnipFMC also generated free cash flow of $468 million for the year and returned nearly $250 million to shareholders through share repurchases and dividends.