TechnipFMC has reported higher revenues but flat net income for the second quarter, even as subsea orders increased considerably.

The company reported revenue of $1.7 billion, up from $1.67 billion in the second quarter of 2021, and net income of $2.1 million. That was considerably better than the $175 million loss reported in the second quarter of last year.

Company chief executive Doug Pferdehirt said the company’s subsea segment saw orders grow to $3.8