TechnipFMC Announces Fourth Quarter 2023 Results
Surface Technologies reported fourth quarter revenue of $357.2 million, an increase of 2.5 percent from the third quarter, driven by higher activity in international and North America markets, with both benefiting from higher wellhead equipment sales.
- Surface Technologies reported fourth quarter revenue of $357.2 million, an increase of 2.5 percent from the third quarter, driven by higher activity in international and North America markets, with both benefiting from higher wellhead equipment sales.
- Results in the period were negatively impacted by $3.3 million of higher restructuring, impairment and other charges.
- Surface Technologies reported adjusted EBITDA of $52.5 million, an increase of 5.2 percent when compared to the third quarter.
- The Company will host a teleconference on Thursday, February 22, 2024 to discuss the fourth quarter 2023 financial results.