TechnipFMC PLC

FTI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$81.00	Fftlm	Zlxpfjckk

Solid Q2 for TechnipFMC Amid Increasing Offshore Oil & Gas Development and Production Activity

Katherine Olexa

Jul 29, 2022

TechnipFMC delivered solid results in the second quarter, posting total sequential revenue growth of 10% and a firmwide operating margin of 4%, a level of profitability not seen since 2019. We’ll incorporate the full impact of the firm’s operational and financial results shortly, but after this first look, we’re maintaining our fair value estimate of $14 per share. Our no-moat rating and stable moat trend are unchanged.

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