FMC Technologies Revenue Increases 23 Percent in 2012 (USA)

FMC Technologies Revenue Increases 23 Percent in 2012 (USA)

FMC Technologies, Inc. reported fourth quarter 2012 revenue of $1.8 billion, up 23 percent from the prior-year quarter.

Total company revenue for 2012 was $6.2 billion, and operating profit was $784.7 million.

“We are pleased to report record full year subsea revenue and operating profit,” said John Gremp, Chairman and CEO of FMC Technologies. “For 2013, we expect to see continued revenue and earnings growth within Subsea Technologies.”

“Surface Technologies international surface wellhead business delivered its strongest quarter. We expect this solid performance in the international market to continue into 2013, while the timing of the recovery in the North American market remains uncertain.”

For 2013, the Company expects increasing Subsea Technologies revenue and margins and continued solid performance in international surface wellhead, offset by a challenging North American land market.

The Company’s guidance for 2013 diluted earnings per share is a range of $2.05 to $2.25.

[mappress]

Press Release, February 13, 2013