TechnipFMC FY24 Guidance: Subsea Revenue Raised To $7.6B-$7.8B (Prior $7.2B-$7.6B) And Surface Technologies Of $1.2B-$1.35B; And Free Cash Flow Raised To $425M-$575M

2024 Full-Year Financial Guidance1

The Company's full-year financial guidance for 2024 can be found in the table below. Updates to the previous guidance issued on February 22, 2024 are as follows:

• Subsea revenue in a range of $7.6 - 7.8 billion, which increased from the previous guidance range of $7.2 - 7.6 billion.
• Subsea adjusted EBITDA margin in a range of 16.5 - 17%, which increased from the previous guidance range of 15.5 - 16.5%.
• Free cash flow in a range of $425 - 575 million, which increased from the previous guidance range of $350 - 500 million.