NYSE$FTI
TechnipFMC Plc · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
TechnipFMC reported mixed Q4 2021 results with revenue decline but significant order growth and positive cash flow.
TechnipFMC's Q4 2021 saw a revenue of $1,523.3 million, a loss of $127.2 million, and an adjusted loss of $55.8 million. However, the company experienced strong inbound orders totaling $2,106.7 million and generated $423 million in free cash flow. The company is optimistic about a multi-year upcycle for energy demand.
- Subsea orders reached $1 billion in the quarter and $5 billion for the full year.
- Surface Technologies orders were $1.1 billion in the quarter and $1.8 billion for the full year.
- Cash flow from operations was $483.5 million in the quarter, with free cash flow of $423 million.
- Cash and cash equivalents increased to $1.3 billion, and net debt was reduced to $677.5 million.
Headline financials
Revenue & EPS history
TechnipFMC · Revenue · Quarterly
$1.52B
Revenue by segment
TechnipFMC · $1.52B total across 2 segments · Q4 2021
- Subsea$1.24B-7.6%81.2%
- Surface Technologies$287M+9.5%18.8%
Forward guidance
TechnipFMC provided full-year 2022 financial guidance, anticipating revenue between $5.2 - 5.6 billion for Subsea and $1.15 - 1.3 billion for Surface Technologies. The company expects Subsea EBITDA margin in the range of 11-12% and Surface Technologies EBITDA margin in the range of 11-13%.
Tailwinds
- Subsea Revenue in a range of $5.2 - 5.6 billion
- Subsea EBITDA margin in a range of 11 - 12%
- Surface Technologies Revenue in a range of $1,150 - 1,300 million
- Surface Technologies EBITDA margin in a range of 11 - 13%
- Free cash flow $100 - 250 million
Headwinds
- Corporate expense, net $100 - 110 million
- Net interest expense $105 - 115 million
- Tax provision, as reported $100 - 110 million
- Capital expenditures approximately $230 million
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2021
+2.1%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+1.4%
Avg return
30 days after
69%
44 / 64 earnings
Positive
+19.0%
Q4 2020
Best reaction
-12.1%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | -2.5% | -11.1% | |
| Q4 2025 | -0.8% | -2.5% | -11.1% | |
| Q3 2025 | +9.1% | +9.7% | +17.7% | |
| Q2 2025 | +1.7% | -0.5% | +13.8% | |
| Q1 2025 | +9.9% | +15.1% | +18.6% | |
| Q3 2024 | +5.2% | +3.7% | +22.5% | |
| Q2 2024 | +5.8% | +6.3% | -2.2% | |
| Q1 2024 | +3.4% | -0.4% | +0.5% | |
| Q4 2023 | +6.2% | +8.4% | +24.7% | |
| Q3 2023 | +8.4% | +8.0% | +6.9% | |
| Q2 2023 | -1.2% | -4.5% | -3.4% | |
| Q1 2023 | +6.9% | +0.3% | +8.7% | |
| Q4 2022 | +15.1% | +15.7% | -5.4% | |
| Q3 2022 | -2.5% | -0.8% | +13.3% | |
| Q2 2022 | +15.1% | +27.2% | +34.7% | |
| Q1 2022 | -0.1% | -6.7% | +13.2% | |
| Q4 2021 | +3.1% | +6.0% | +21.8% | |
| Q3 2021 | -4.5% | -0.4% | -19.9% | |
| Q2 2021 | -2.9% | -0.9% | -17.0% | |
| Q1 2021 | +12.2% | +5.0% | +23.0% | |
| Q4 2020 | +19.0% | +17.9% | +12.6% | |
| Q3 2020 | -5.7% | -16.2% | +13.5% | |
| Q2 2020 | +6.5% | +7.0% | +3.6% | |
| Q1 2020 | +2.4% | +2.0% | -4.2% | |
| Q4 2019 | +0.2% | -1.2% | -53.4% | |
| Q3 2019 | -12.1% | -11.0% | -18.2% | |
| Q2 2019 | +7.0% | +7.7% | -11.7% | |
| Q1 2019 | +0.8% | -0.8% | -11.2% | |
| Q4 2018 | -5.5% | -4.0% | -5.4% | |
| Q3 2018 | -4.1% | -8.1% | -19.7% | |
| Q2 2018 | +4.1% | +11.3% | +1.1% | |
| Q1 2018 | -3.2% | -2.9% | -0.3% | |
| Q4 2017 | +4.0% | +3.1% | +0.0% | |
| Q3 2017 | +4.8% | +6.6% | +6.2% | |
| Q2 2017 | +4.1% | +3.6% | -6.5% | |
| Q1 2017 | -6.0% | -6.4% | -9.5% | |
| Q4 2016 | +0.4% | +0.9% | -4.8% | |
| Q3 2016 | +5.5% | +4.0% | +10.0% | |
| Q2 2016 | -0.8% | -7.9% | +5.2% | |
| Q1 2016 | +5.2% | — | — | |
| Q4 2015 | +8.7% | — | — | |
| Q3 2015 | -3.2% | — | — | |
| Q2 2015 | -9.7% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | +5.2% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | +3.8% | — | — | |
| Q1 2014 | +4.4% | — | — | |
| Q4 2013 | -2.1% | — | — | |
| Q3 2013 | -9.0% | — | — | |
| Q2 2013 | -2.2% | — | — | |
| Q1 2013 | +5.4% | — | — | |
| Q4 2012 | +6.6% | — | — | |
| Q3 2012 | +1.4% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q4 2011 | +0.2% | — | — | |
| Q3 2011 | -7.2% | — | — | |
| Q2 2011 | +0.9% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2010 | -0.6% | — | — | |
| Q3 2010 | +0.6% | — | — | |
| Q2 2010 | +3.4% | — | — | |
| Q1 2010 | +1.1% | — | — |
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