BAKU, Azerbaijan, February 23. TechnipFMC's total revenue in 4Q2023 hit $2,077.7 million, Trend reports.
According to the company's latest results, this marked a 22.6 percent increase from the same period last year, where it stood at $1,694.4 million.
At the same time, income attributable to TechnipFMC amounted to $53 million, or $0.12 per diluted share. These figures include after-tax charges and credits of $9.7 million, equivalent to $0.02 per share.
Looking at the entire year, the company's total revenue in 2023 reached $7,824.2 million - up by 16.8 percent year-on-year ($6,700.4 million in 2022).
Income attributable to TechnipFMC for the year was $56.2 million, or $0.12 per diluted share. These results factor in after-tax charges and credits totaling $145.2 million of expense, or $0.32 per share.
Notably, this includes a significant non-recurring legal settlement charge of $126.5 million related to the final resolution of all outstanding matters with the French national prosecutor’s office, along with restructuring, impairment, and other charges amounting to $20 million.
Furthermore, in 2023, the company's adjusted income stood at $201.4 million, translating to $0.45 per diluted share. The adjusted EBITDA, which doesn't consider pre-tax charges and credits, reached $819.6 million, with an adjusted EBITDA margin of 10.5 percent.
The overall company results featured a foreign exchange loss of $119 million, or $116.5 million after tax. When we exclude the after-tax impact of foreign exchange, the income amounted to $172.7 million. The adjusted EBITDA, excluding the impact of foreign exchange, reached $938.6 million.
