Discontinued — last reported Q4 '23
Surface Technologies — Total restructuring, impairment and other expenses
TechnipFMC Surface Technologies — Total restructuring, impairment and other expenses remained flat by 0.0% to $2.45M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 206.3%, from $800.00K to $2.45M. Over 2 years (FY 2021 to FY 2023), Surface Technologies — Total restructuring, impairment and other expenses shows an upward trend with a 13.6% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase signals operational disruption or a strategic pivot, while a decrease suggests a more stable and optimized cost structure.
Detailed definition
This represents the aggregate costs associated with organizational restructuring, asset impairments, and other non-recur...
Peer comparison
Comparable to 'Special Items' or 'Restructuring and Impairment Charges' found in the segment reporting of peer oilfield service firms.
fti_segment_surface_technologies_total_restructuring_impairment_and_other_expensesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.00M | $0.00 | $3.80M | $1.60M | $4.40M | $3.60M | $800.00K | $2.45M | $2.45M | $2.45M | $2.45M |
| QoQ Change | — | -100.0% | — | -57.9% | +175.0% | -18.2% | -77.8% | +206.3% | +0.0% | +0.0% | +0.0% |
| YoY Change | — | — | — | — | +340.0% | — | -78.9% | +53.1% | -44.3% | -31.9% | +206.3% |
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Frequently Asked Questions
- What is TechnipFMC's surface technologies — total restructuring, impairment and other expenses?
- TechnipFMC (FTI) reported surface technologies — total restructuring, impairment and other expenses of $2.45M in Q4 2023.
- How has TechnipFMC's surface technologies — total restructuring, impairment and other expenses changed year-over-year?
- TechnipFMC's surface technologies — total restructuring, impairment and other expenses increased by 206.3% year-over-year, from $800.00K to $2.45M.
- What is the long-term trend for TechnipFMC's surface technologies — total restructuring, impairment and other expenses?
- Over 2 years (2021 to 2023), TechnipFMC's surface technologies — total restructuring, impairment and other expenses has grown at a 13.6% compound annual growth rate (CAGR), from $7.60M to $9.80M.
- What does surface technologies — total restructuring, impairment and other expenses mean?
- The total cost of one-time events like restructuring, asset write-downs, and other non-recurring charges for the segment.