TechnipFMC plc (NYSE:FTI) Q2 2022 Earnings Conference Call July 28, 2022 8:00 AM ET

Company Participants

Matt Seinsheimer - Senior Vice President, Investor Relations & Corporate Development

Doug Pferdehirt - Chairman & Chief Executive Officer

Alf Melin - Executive Vice President & Chief Financial Officer

Conference Call Participants

Chase Mulvehill - Bank of America

Mark Wilson - Jefferies

David Anderson - Barclays

Arun Jayaram - JPMorgan

Marc Bianchi - Cowen

Waqar Syed - ATB Capital Markets

Operator

Thank you for standing by, and welcome to the TechnipFMC Second Quarter Earnings Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session [Operator Instructions] Thank you.

I would now like to turn the conference over to Matt Seinsheimer, Senior Vice President of Investor Relations and Corporate Development. Mr. Seinsheimer, please go ahead.

Matt Seinsheimer

Thank you, Jack. Good morning, and good afternoon, and welcome to TechnipFMC's Second Quarter 2022 Earnings Conference Call. Our news release and financial statements issued yesterday can be found on our website.

I'd like to caution you with respect to any forward-looking statements made during this call. Although, these forward-looking statements are based on our current expectations, beliefs, and assumptions, regarding future developments and business conditions, they are subject to certain risk and uncertainties that could cause actual results to differ materially from those expressed in, or implied by these statements.

Known material factors that could cause our actual results to differ from our projected results are described in our most recent 10-K, most recent 10-Q, and other periodic filings with the US Securities and Exchange Commission.

We wish to caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.

I will now turn the call over to Doug Pferdehirt, TechnipFMC's Chair and Chief Executive Officer.

Doug Pferdehirt

Thank you, Matt, and congratulations on your recent promotion, and your expanded role. Thank you for participating in our second quarter earnings call.

Before I comment on the strong operating results in the period, I want to first talk about yesterday's announcement regarding shareholder distributions. At our Analyst Day in November of 2021, we shared with you what we believe to be in an appropriate capital structure for our company. Since then, we have made substantial progress towards our goal.