Last $39.93 USD
Change Today -0.05 / -0.13%
Volume 4.5M
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As of 8:04 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

fmc technologies inc (FTI) Key Developments

FMC Technologies to Cut 2,000 Jobs on Oil Market Losses

FMC Technologies announced that it would cut close to 2,000 jobs as a result of losses in the oil market. Currently, FTI has 19,300 employees worldwide, with 12,850 in the U.S. The company expects most of the layoffs to come from North America.

FMC Technologies, Inc. Provides Capital Expenditure Guidance for the Year 2015

FMC Technologies, Inc. provided capital expenditure guidance for the year 2015. The company expects its interest expense to average $8 million per quarter. The company expects capital spending in 2015 to be approximately $300 million, the majority of its 2015 non-maintenance capital spending will be directed towards profit adding subsea services and investments.

FMC Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

FMC Technologies, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended Dec. 31, 2014. For the quarter, the company reported revenue of $2,156.2 million compared to $2,047.8 million for the last year. Income before income taxes was $266.8 million compared to $269.7 million for the last year. Net income attributable to the company was $168.6 million or $0.72 per diluted share compared to $177.8 million or $0.74 per diluted share for the last year. Capital expenditures for the fourth quarter were $120.7 million. For the year, the company reported revenue of $7,942.6 million compared to $7,126.2 million for the last year. Income before income taxes was $1,066.3 million compared to $719.2 million for the last year. Net income attributable to the company was $699.9 million or $2.95 per diluted share compared to $501.4 million or $2.10 per diluted share for the last year. Net cash provided by operating activities was $892.5 million compared to $795.4 million for the last year. Capital expenditure was $404.4 million compared to $314.1 million for the last year.

FMC Technologies, Inc. Appoints Dianne B. Ralston as General Counsel and Corporate Secretary

Dianne B. Ralston, Executive Vice President, General Counsel and Corporate Secretary has provided Weatherford International plc with notice of her intent to leave the Company as of January 25, 2015. Ms. Ralston will be joining FMC Technologies, Inc. as General Counsel and Corporate Secretary. Her decision was not a result of any disagreement with the company or its Board of Directors or any matter relating to the company's operations, policies or practices.

FMC Technologies, Inc.(NYSE:FTI) added to S&P 500 Value Index

FMC Technologies, Inc.(NYSE:FTI) added to S&P 500 Value Index

 

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Valuation FTI Industry Range
Price/Earnings 13.5x
Price/Sales 1.2x
Price/Book 3.8x
Price/Cash Flow 13.2x
TEV/Sales 0.9x
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