Feb 15 (LNGJ) - FMC Technologies Inc., an LNG project player, reported fourth quarter 2011 revenue of $1.5 billion, up 36 percent from the year-ago quarter. Diluted earnings per share were $0.41, equal to a year ago. Reveneue for 2011 was $5.1 billion and operating profit was $619.3M. The Houston-based company said orders of $1.8Bln in the fourth quarter included $1.3Bln for the Subsea Technologies unit. Backlog stands at $4.9Bln. Subsea Technologies sales and orders are expected to increase in 2012 with improved operating margins, FMC said.
FMC earnings optimism
Written by John McKay
Wednesday, 15 February 2012
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Last modified on Wednesday, 15 February 2012 07:57
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