FMC Sees Earnings Rise on Higher Subsea Orders

Rigzone Tuesday 24th April, 2012

FMC Technologies on Tuesday reported first quarter 2012 revenue of $1.4 billion, up 29 percent from the prior-year quarter. Diluted earnings per share were $0.41 compared to $0.35 in the prior-year quarter. Total inbound orders of $2.0 billion were up 50 percent from the prior-year quarter and included $1.4 billion in Subsea Technologies orders. Backlog for the Company was $5.6 billion including Subsea Technologies backlog of $4.7 billion. "Wit...

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