TechnipFMC Posts Solid 4Q Results on Good Project Execution
TechnipFMC posted solid fourth-quarter results. While revenue declined about 11%--as expected with the wrapping up of many large projects--adjusted operating margins rallied to 12.4% from about 10% in the third quarter. For now, our fair value estimate and narrow moat rating are unchanged.The onshore/offshore segment in particular posted an excellent quarter, with the 12.7% operating margin setting the best performance in at least five years. Altogether, the 10.2% operating margin and about $80...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.