TechnipFMC prepares for $2.4 billion impairment charge hit in 4Q

Oilfield services provider TechnipFMC expects $2.4 billion of non-cash asset impairment charges to impact its results in the fourth quarter of 2019.

The company said on Monday that it anticipates for the full year 2019 revenues to approach the guidance mid-point of $13.5 billion.

The company expects adjusted EBITDA margin for all segments to meet or exceed guidance of at least 11.5% for Subsea, 16.5% for Onshore/Offshore, and 10% for Surface Technologies.

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