05:33 AM EDT, 10/23/2025 (MT Newswires) -- TechnipFMC ( FTI ) said late Wednesday its board authorized an additional share repurchase of up to $2 billion.

As a result, the company is now authorized to buy back up to $2.3 billion of its shares, or almost 16% of its outstanding shares, based on the closing price on Tuesday.

The board also maintained its quarterly cash dividend at $0.05 per share, payable Dec. 3 to shareholders of record Nov. 18.

Shares of the company were 2.7% higher in recent premarket activity on Thursday.