FBR Capital Upgrades FMC Technologies (FTI) to Market Perform

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FMC Technologies Reports Second Quarter 2015 Diluted Earnings per Share of $0.46

July 21, 2015 4:01 PM EDT

HOUSTON, July 21, 2015 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) today reported second quarter 2015 revenue of $1.7 billion, down 15 percent from the prior-year quarter primarily due to the continued decline in the North American land market and its severe impact on our Surface Technologies segment revenue. Diluted earnings per share were $0.46 which included pre-tax business restructuring charges of $9.5 million, or $0.03 per diluted share, and a U.S. tax charge of $8.0 million, or $0.03 per diluted share, related to a tax settlement. 

Total inbound orders were $1.4 billion, including $1.0 billion in Subsea Technologies orders.  Backlog for... More