FMC Technologies Reports Q4 EPS of $0.82 vs. $0.70

FMC Technologies, Inc. FTI today reported fourth quarter 2010 revenue of $1.1 billion and diluted earnings per share from continuing operations of $0.82. The diluted earnings per share were affected by a combination of tax items that resulted in a net benefit of $0.13 per diluted share. Total inbound orders of $1.6 billion were up 121 percent from the fourth quarter of 2009 and included $1.1 billion in subsea systems orders, bringing the full year subsea orders to a record total of $4.1 billion. Backlog for the Company reached $4.2 billion including subsea systems backlog of $3.6 billion. Subsea systems recorded its fourth consecutive quarterly backlog increase.