FMC Technologies (FTI) Tops Q1 EPS by 4c

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FMC Technologies Reports First Quarter 2015 Diluted Earnings per Share of $0.63

April 21, 2015 4:01 PM EDT

HOUSTON, April 21, 2015 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) today reported first quarter 2015 revenue of $1.7 billion, down 7 percent from the prior-year quarter as stronger Subsea Technologies performance was offset by the continued strength of the U.S. dollar and the decline in the North American land market.  Diluted earnings per share were $0.63. 

Total inbound orders were $969.0 million and included $552.0 million in Subsea Technologies orders. Backlog for the Company was $5.5 billion, including Subsea Technologies backlog of $4.8 billion.

"We delivered solid first quarter earnings, largely the result of the continued strength of our... More