TechnipFMC PLC: Growth in Subsea 2.0 Projects-Ready To Help Them Up Their Game?

TechnipFMC reports robust financial performance for the fourth quarter of 2024, showcasing significant growth across several key metrics. The company announced a total inbound order value of $11.6 billion for the year, contributing to a year-over-year increase in their backlog, reaching $14.4 billion. A notable highlight from the report is the Subsea segment’s performance, which saw a rise in inbound orders to $10.4 billion, marking the fourth consecutive year the company achieved a book-to-bill ratio greater than one.