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Last $32.76 USD
Change Today -0.31 / -0.94%
Volume 3.0M
FTI On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

fmc technologies inc (FTI) Snapshot

Open
$32.88
Previous Close
$33.07
Day High
$33.28
Day Low
$32.72
52 Week High
08/4/14 - $62.10
52 Week Low
07/23/15 - $31.83
Market Cap
7.5B
Average Volume 10 Days
4.7M
EPS TTM
$2.59
Shares Outstanding
229.5M
EX-Date
--
P/E TM
12.6x
Dividend
--
Dividend Yield
--
Current Stock Chart for FMC TECHNOLOGIES INC (FTI)

fmc technologies inc (FTI) Related Businessweek News

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fmc technologies inc (FTI) Details

FMC Technologies, Inc. provides technology solutions for the energy industry worldwide. The company operates through Subsea Technologies, Surface Technologies, and Energy Infrastructure segments. The Subsea Technologies segment offers subsea systems for the offshore production of crude oil and natural gas; and well access and flow management services, including installation and workover tools, service technicians for installation assistance, and field support services. This segment also provides electric and hydraulic work-class remotely operated vehicle, tether-management, launch and recovery, remote manipulator arms, and modular control systems for subsea applications, as well as support services, such as product training, pilot simulator training, spare parts, technical assistance, and logistics support; and offers multiphase and wetgas meters with applications for oil and gas recovery, early water detection, and reservoir optimization. The Surface Technologies segment offers wellhead systems for standard and custom-engineered applications; fluid control products for the well completion and stimulation activities; and flowback services, cased hole electric wireline and slickline services, specialty logging services, pressure transient analysis, and well optimization services. The Energy Infrastructure segment provides measurement products for applications, such as custody transfer, fiscal measurement, and batch loading and deliveries, as well as design, engineering, project management, training, commissioning, and aftermarket services; fluid loading and transfer systems for ship-to-ship loading and offloading operations; systems that separate production flows from wells into oil, gas, sand, and water; and automation, control, and information technology services. The company serves lubricant, petroleum, fuel blending, additive and chemical, and oil and gas industries. FMC Technologies, Inc. was founded in 2000 and is headquartered in Houston, Texas.

20,300 Employees
Last Reported Date: 02/20/15
Founded in 2000

fmc technologies inc (FTI) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $974.2K
President and Chief Operating Officer
Total Annual Compensation: $737.2K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $548.3K
Senior Vice President of Subsea Technologies
Total Annual Compensation: $524.0K
Compensation as of Fiscal Year 2014.

fmc technologies inc (FTI) Key Developments

FMC Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure Guidance for the Year 2015

FMC Technologies, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue was $1,695.2 million compared to $1,985.3 million for the same period a year ago, primarily due to the continued decline in the North American land market and it’s severe impact on the Surface Technologies segment revenue. Income before net interest expense and income taxes was $172.9 million compared to $343.7 million for the same period a year ago. Income before income taxes was $163.9 million compared to $335.4 million for the same period a year ago. Net income attributable to the company was $107.9 million compared to $226.3 million for the same period a year ago. Basic and diluted earnings per share were $0.46 compared to diluted earnings per share of $0.95 for the same period a year ago. The company ended the quarter with net debt of $699.4 million. Capital spending was $75 million. For the six months, the company reported revenue was $3,390.4 million compared to $3,809.7 million for the same period a year ago. Income before net interest expense and income taxes was $365.2 million compared to $555.4 million for the same period a year ago. Income before income taxes was $348.9 million compared to $538.9 million for the same period a year ago. Net income attributable to the company was $255.5 million compared to $361.5 million for the same period a year ago. Basic and diluted earnings per share were $1.10 compared to diluted earnings per share of $1.52 for the same period a year ago. Net cash provided by operating activities were $235.7 million compared to $235.8 million for the same period a year ago. Capital expenditures were $161.2 million compared to $180.0 million for the same period a year ago. The company expect capital spending in 2015 of approximately $250 million. The company continue to expects 2015 full year tax rate to be between 25% and 27%, which includes the U.S. tax audit settlement.

FMC Technologies Wins $297 Million Contract for Subsea Production Systems for Shah Deniz Stage 2 Project

FMC Technologies announced that it has received an order from BP Exploration (Shah Deniz) Ltd. to supply subsea production systems for Well Clusters 3-5 of the Shah Deniz Stage 2 project in the Caspian Sea. The Shah Deniz field is located offshore in the Azerbaijan sector of the Caspian Sea, about 100km south of Baku. The order has an estimated value of $297 million in revenue and is in addition to the initial order for Well Clusters 1-2 received in 2014 from BP, the operator of the Shah Deniz Stage 2 project.

FMC Technologies, Inc. and Technip Complete Forsys Subsea

FMC Technologies, Inc. and Technip announced that Forsys Subsea, a 50/50 joint venture, has received all regulatory approvals. The parties closed the transaction making Forsys Subsea operational on June 1, 2015. Forsys Subsea is a joint venture formed as part of a broader alliance between FMC Technologies and Technip that unites the skills and capabilities of two subsea leaders to redefine the way subsea fields are designed, delivered and maintained. By combining the technologies of the parent companies, Forsys Subsea will reduce the interfaces of the subsea umbilical, riser and flowline systems (SURF) and subsea production and processing systems (SPS). It will also simplify the seabed layout, thereby reducing complexity, accelerating time to first oil, and enabling higher sustainable field production. This unique combination will drive a new, step-change approach to how equipment designs and installation methods converge in a new generation of subsea architecture. The company is headquartered in London, with regional hubs in Houston, Oslo, Paris, Rio de Janeiro and Singapore. The Forsys Subsea leadership team includes Rasmus Sunde (FMC Technologies) as CEO, Alain Marion (Technip) as Chief Technology Officer, Arild Selvig (FMC Technologies) as Senior Vice President and Head of Front-End Engineering, and Gerald Bouhourd (Technip) as Senior Vice President and Head of Life of Field.

 

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Industry Analysis

FTI

Industry Average

Valuation FTI Industry Range
Price/Earnings 12.9x
Price/Sales 1.0x
Price/Book 2.9x
Price/Cash Flow 12.7x
TEV/Sales 0.7x
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