FMC Technologies reports Q1 11 pct revenue rise
FMC Technologies, Inc. has reported first quarter 2014 revenue of $1.8 billion, up 11 percent from the prior-year quarter. Diluted earnings per share were $0.57 compared to $0.43 in the prior-year quarter.
Total inbound orders were $2.6 billion and included $1.9 billion in Subsea Technologies orders. Subsea Technologies backlog was $6.8 billion.
“As a result of strong orders in the quarter, Subsea Technologies achieved record backlog,” said John Gremp, Chairman, President and CEO of FMC Technologies.
“We delivered solid subsea revenue and operating profit and expect to see this trend continue throughout the remainder of the year.”
“Surface Technologies operational performance was strong as our international surface wellhead business delivered another solid quarter and our North American business strengthened.”