01—Abstract
Summary
Summary of the 10-K/A filed March 26, 2026. Cited figures are marked; the original filing is the authoritative source.
TechnipFMC plc (FTI) has filed an Amendment No. 1 to its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
This amendment is purely procedural, intended to correct an inadvertent omission of director and officer signatures from the original filing on February 27, 2025. Crucially, no financial statements or other disclosures have been revised or updated in this amendment. The company continues to affirm its status as a large accelerated filer and is not a shell company.
Its ordinary shares held by non-affiliates had a market value of approximately $7.8 billiona as of June 28, 2024. Investors should note that this filing provides no new financial information or operational updates for the fiscal year 2024.
Any analysis or decisions based on this filing should refer to the original Form 10-K filed on February 27, 2025, which contains the substantive financial and operational disclosures. The amendment also includes new certifications from the principal executive and financial officers as required by SEC regulations for amended filings, though certain paragraphs are omitted as no financial statements are being presented.
02—Key points
Key Highlights
- This filing is an amendment to correct an omission of director and officer signatures from the original Form 10-K.
- No financial statements or other disclosures in the original 10-K filing have been revised or updated.
- TechnipFMC plc is a large accelerated filer.
- The company is not a shell company.
- As of June 28, 2024, the aggregate market value of ordinary shares held by non-affiliates was approximately $7.8 billion.
- The amendment includes required certifications from the principal executive and financial officers.
- The original 10-K filing date was February 27, 2025, for the fiscal year ended December 31, 2024.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2024, TechnipFMC plc kept $0.09.
- Revenue$9.08B100.0%
- Cost of revenue−$7.36B81.0%
- Gross profit$1.72B19.0%
- Operating costs−$564.2M6.2%
- Operating income$1.16B12.7%
- Interest, other & tax−$314.4M3.5%
- Net income$842.9M9.3%
04—Financials
Financial Highlights
Figures from 10-K/AFY2024filed March 26, 2026Financial Statements
FY2024 against FY2023
| Line item | FY2024FY2023 | Change |
|---|---|---|
| Revenue | $9.08B$7.82B | +16.1% |
| Cost of Revenue | $7.36B$6.54B | +12.5% |
| Gross Profit | $1.72B$1.28B | +34.2% |
| R&D Expenses | $73.40M$69.00M | +6.4% |
| SG&A Expenses | $667.10M$675.90M | −1.3% |
| Operating Expenses | $8.13B$7.32B | +11.1% |
| Operating Income | $1.16B$658.20M | +75.8% |
| Net Income | $842.90M$56.20M | +1399.8% |
| EPS (Basic) | $1.96$0.13 | +1407.7% |
| EPS (Diluted) | $1.91$0.12 | +1491.7% |
| Shares Outstanding (Basic) | 429.10M438.60M | −2.2% |
| Shares Outstanding (Diluted) | 440.50M452.30M | −2.6% |
05—Questions
Frequently Asked Questions
What is the purpose of this Amendment No. 1 filing?
The purpose of this amendment is solely to insert the conformed signatures of TechnipFMC plc's directors and officers, which were inadvertently omitted from the original Form 10-K filing.
Does this amendment provide updated financial results or new disclosures for 2024?
No, this amendment does not revise or update any financial statements or other disclosures contained in the original Form 10-K. It is a procedural correction only.
What is the market value of TechnipFMC's shares held by non-affiliates?
As of June 28, 2024, the aggregate market value of TechnipFMC plc's ordinary shares held by non-affiliates was approximately $7.8 billion.
Is TechnipFMC considered a shell company?
No, TechnipFMC plc has indicated that it is not a shell company.
06—Continue