FMC Technologies (FTI) Tops Q3 EPS by 3c, Revenue Comes in Light

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FMC Technologies Reports Third Quarter 2015 Diluted Earnings per Share of $0.61, excluding impairment and restructuring charges

October 20, 2015 5:02 PM EDT

HOUSTON, Oct. 20, 2015 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) today reported third quarter 2015 revenue of $1.5 billion, down 22 percent from the prior-year quarter primarily due to the continued decline in the North American land market that severely impacts our Surface Technologies segment and the negative impact of the strengthening U.S. dollar in our Subsea Technologies segment. Diluted earnings per share were $0.35, which includes pre-tax impairment charges of $60.2 million, or $0.20 per diluted share, and total Company pre-tax business restructuring charges of $17.9 million, or $0.06 per diluted share.

Total inbound orders were $1.5 billion, including... More