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Last $7.85 USD
Change Today +0.20 / 2.61%
Volume 98.2K
FRM On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

furmanite corp (FRM) Snapshot

Open
$7.65
Previous Close
$7.65
Day High
$7.93
Day Low
$7.65
52 Week High
07/1/14 - $12.00
52 Week Low
11/3/14 - $5.75
Market Cap
296.5M
Average Volume 10 Days
118.3K
EPS TTM
$0.31
Shares Outstanding
37.8M
EX-Date
08/12/86
P/E TM
25.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for FURMANITE CORP (FRM)

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furmanite corp (FRM) Details

Furmanite Corporation, together with its subsidiaries, provides specialized technical services. It operates in two segments, Technical Services and Engineering & Project Solutions. The Technical Services segment offers on-line services, including leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing, and non-destructive testing and inspection; off-line services, such as on-site machining, heat treatment, bolting, valve repair, and other non-destructive testing and inspection services; and other services comprising SmartShim services, concrete repair, engineering services, valves and other products, and manufacturing. This segment offers its services and products primarily to electric power generating plants, refineries and off-shore drilling rigs, and chemical plants and other process industries. The Engineering & Project Solutions segment provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, quality assurance, and plant asset management services, as well as inspection and project management services. This segment offers its services to refining and petrochemical operators, as well as maintenance, and engineering and construction contractors serving the downstream and midstream oil and gas markets. The company has operations in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company was formerly known as Xanser Corporation and changed its name to Furmanite Corporation in May 2007. Furmanite Corporation was founded in 1952 and is headquartered in Houston, Texas.

3,017 Employees
Last Reported Date: 03/10/15
Founded in 1952

furmanite corp (FRM) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $430.0K
Chief Administrative Officer, Chief Financial...
Total Annual Compensation: $347.7K
General Councel and Secretary
Total Annual Compensation: $269.6K
Compensation as of Fiscal Year 2014.

furmanite corp (FRM) Key Developments

Furmanite Corp. Announces Expansion and Extension of its Subsidiaries' Syndicated Credit Facility with Wells Fargo Bank

Furmanite Corp. reported an expansion and extension of its subsidiaries' syndicated credit facility with new administrative agent Wells Fargo Bank, N.A. Under the amendment, which was effective March 13, 2015, the revolving credit line capacity has increased to $150.0 million from $100.0 million and the term has been extended to March 2020 from February 2017. The amendment also includes, among other changes, favorable adjustments to interest rate margins and commitment fee percentages, as well as certain less restrictive terms, which provide added flexibility to the company in its use of capital. Joining Wells Fargo Bank, N.A. as lenders in the facility are HSBC, BB&T and Bank of Texas.

Furmanite Seeks Acquisitions

Furmanite Corporation (NYSE:FRM) is looking for acquisitions. Furmanite Corporation, states, "We will continue to make the right strategic decisions, including acquisitions, to support our customers and build key areas of our business, which ultimately serve to enhance long-term shareholder value."

Furmanite Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Capital Expenditure Guidance for the Year 2015

Furmanite Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of $133,885,000 against $130,357,000 a year ago. Operating income was $7,586,000 against $4,651,000 a year ago. Income before income taxes was $7,477,000 against $3,899,000 a year ago. Net income was $4,770,000 or $0.13 per basic and diluted share against $2,582,000 or $0.07 per basic and diluted share a year ago. Adjusted diluted earnings per share were $0.14 against $0.08 a year ago. EBITDA was $11,360,000 against $7,493,000 a year ago. For the year, the company reported revenue of $529,197,000 against $427,294,000 a year ago. Operating income was $20,687,000 against $24,800,000 a year ago. Income before income taxes was $18,784,000 against $22,843,000 a year ago. Net income was $11,355,000 or $0.30 per basic and diluted share against $14,027,000 or $0.37 per basic and diluted share a year ago. Adjusted diluted earnings per share were $0.34 against $0.38 a year ago. EBITDA was $33,174,000 against $35,602,000 a year ago. Net cash provided by operating activities was $10,501,000 against $17,675,000 a year ago. Capital expenditures were $8,090,000 against $18,392,000 a year ago. Strong revenue growth in 2014 on a consolidated basis was primarily driven by the acquisition associated with ENGlobal Gulf Coast engineering business, along with APAC's continued growth. However, the company expects in 2015 capital expenditures to be more comparable to the 2013 levels of $18.4 million.

 

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Industry Analysis

FRM

Industry Average

Valuation FRM Industry Range
Price/Earnings 26.2x
Price/Sales 0.6x
Price/Book 2.1x
Price/Cash Flow 12.4x
TEV/Sales 0.4x
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