FMC subsea weathers storm

Written by  John McKay
Wednesday, 22 April 2015
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April 22 (LNGJ) - LNG player FMC Technologies posted first-quarter 2015 revenue of $1.7 billion, down 7 percent from the prior-year quarter as stronger subsea performance was offset by the continued strength of the US dollar and the decline in the North American onshore market. Total inbound orders were $969 million and included $552M in the subsea sector.  "We delivered solid first-quarter earnings, largely the result of the continued strength of our subsea technologies," said John Gremp, Chairman, President, and Chief Executive of FMC.  "We are leveraging our backlog and execution momentum, while taking actions in all of our businesses to strengthen our operating structure," Gremp added.

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