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TechnipFMC • • • • Press Release TechnipFMC Announces First Quarter 2021 Results Strong financial performance in both Subsea and Surface Technologies Cash flow from continuing operations $ 182 million , free cash flow $ 137 million Subsea inbound orders more than doubled sequentially to $ 1.5 billion New partnerships leverage subsea expertise for integrated wind , wave energy LONDON , PARIS , HOUSTON , April 27 , 2021 - TechnipFMC plc ( NYSE : FTI ) ( Paris : FTI ) today reported first quarter 2021 results . Summary Financial Results from Continuing Operations Reconciliation of U.S. GAAP to non - GAAP financial measures are provided in financial schedules . Three Months Ended ( In millions , except per share amounts ) March 31 , 2021 March 31 , 2020 Change Revenue $ 1,632.0 $ 1,582.6 3.1 % Income ( loss ) $ 430.3 $ ( 3,234.8 ) n / m Diluted earnings ( loss ) per share $ 0.95 $ ( 7.23 ) n / m Adjusted EBITDA $ 165.2 $ 79.7 107.3 % Adjusted EBITDA margin 10.1 % 5.0 % 510 bps Adjusted income ( loss ) $ ( 14.5 ) $ ( 60.0 ) n / m Adjusted diluted earnings ( loss ) per share $ ( 0.03 ) $ ( 0.13 ) n / m Inbound orders Backlog $ 1,722.1 $ 1,538.4 11.9 % $ 7,221.4 $ 8,195.5 ( 11.9 % ) Total Company revenue in the first quarter was $ 1,632 million . Income from continuing operations attributable to TechnipFMC plc was $ 430.3 million , or $ 0.95 per diluted share . These results included income from the Company's equity investment in Technip Energies of $ 470.1 million primarily related to a favorable change in fair market value . After - tax charges and credits totaled $ 444.8 million of credit , or $ 0.99 per diluted share . Adjusted loss from continuing operations was $ 14.5 million , or $ 0.03 per diluted share ( Exhibit 6 ) . Adjusted EBITDA , which excludes pre - tax charges and credits , was $ 165.2 million ; adjusted EBITDA margin was 10.1 percent ( Exhibit 7 ) . Included in adjusted EBITDA was a foreign exchange gain of $ 28.1 million . As previously announced , on February 16 , 2021 , the Company completed the partial spin - off of Technip Energies to its shareholders . Financial results for Technip Energies are reported as discontinued operations . TechnipFMC.com Page 1 of 22