FMC Technologies - 500 Beiträge pro Seite

[R-BgO]

...ist ein Ölzulieferer, hauptsächlich für Unterwassertechnik;

zur Erweiterung der peergroup ein paar Ansichtsstücke geholt.

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Wettbewerber u.a.:

Thread: Acergy - offshore Driller inzwischen umbenannt in Subsea7
Thread: Technip to release Fourth Quarter and Full Year 2014 results on February 18, 2015

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https://en.wikipedia.org/wiki/FMC_Technologies

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October 20, 2015

FMC Technologies Reports Third Quarter 2015 Diluted Earnings per Share of $0.61, excluding impairment and restructuring charges

- Quarterly Subsea Technologies inbound orders of $1.0 billion
- Quarterly Subsea Technologies operating margins of 16.9 percent, excluding restructuring charges
- High pressure/high temperature joint industry program expands to five deepwater operators
- Company receives agreement to provide subsea multiphase pump
- Forsys Subsea receives two integrated front-end engineering studies





HOUSTON, Oct. 20, 2015 /PRNewswire/ -- FMC Technologies, Inc. (NYSE:FTI) today reported third quarter 2015 revenue of $1.5 billion, down 22 percent from the prior-year quarter primarily due to the continued decline in the North American land market that severely impacts our Surface Technologies segment and the negative impact of the strengthening U.S. dollar in our Subsea Technologies segment. Diluted earnings per share were $0.35, which includes pre-tax impairment charges of $60.2 million, or $0.20 per diluted share, and total Company pre-tax business restructuring charges of $17.9 million, or $0.06 per diluted share.

Total inbound orders were $1.5 billion, including $1.0 billion in Subsea Technologies orders. Backlog for the Company was $5.0 billion, including Subsea Technologies backlog of $4.3 billion.

According to John Gremp, Chairman and CEO of FMC Technologies, "The North American onshore market's prolonged decline negatively impacted our company's financial results. In response, we continued to take significant actions to reduce our costs."

He added, "Our Subsea Technologies segment delivered strong operating performance in the third quarter and we received two major awards resulting in another quarter of more than $1.0 billion in orders."

"We achieved several critical milestones this quarter, not only for our company, but for the industry. We reached an agreement with Shell to provide our first subsea multiphase pump. We added Chevron as the fifth operator in our joint industry program for standardizing high pressure/high temperature subsea systems. And, Forsys Subsea, our joint venture with Technip, received two integrated front-end engineering studies. These are tangible examples of how the industry is adopting standardization, innovative technology, and new business models to improve deepwater project economics," said Gremp.

Review of Operations - Third Quarter 2015

Subsea Technologies

Subsea Technologies third quarter revenue was $1.1 billion, down 16 percent from the prior-year quarter due to the strength of the U.S. dollar. Excluding the negative impact of the strong U.S. dollar, total revenue was down less than four percent year-over-year.

Subsea Technologies operating profit decreased 16 percent from the prior-year quarter to $170.7 million, primarily due to $14.6 million of business restructuring costs. Excluding the negative impact of the strong U.S. dollar and the restructuring charges incurred in the current quarter, total operating profit was up approximately four percent year-over-year.

Subsea Technologies operating margins were 16.9 percent, excluding the business restructuring charges.

Subsea Technologies inbound orders for the third quarter were $1.0 billion. Backlog was $4.3 billion, including a negative quarterly impact of translation to backlog of $344.7 million.

Surface Technologies

Surface Technologies third quarter revenue was $361.0 million, down 35 percent from the prior-year quarter due to much lower activity levels in the North American market.

Surface Technologies reported an operating loss of $22.5 million, when including impairment charges of $58.0 million primarily related to our Surface Technologies' Canadian operations and restructuring charges of $1.6 million related to all businesses. The impaired Canadian assets are linked to the 2012 acquisition of Pure Energy Services Ltd. and due to the prolonged decline in market activity.

Surface Technologies operating profit decreased 66 percent from the prior-year quarter to $37.1 million, excluding impairment and restructuring charges. The decrease was driven by the North American activity declines and less favorable pricing.

Surface Technologies operating margins were 10.3 percent, excluding the impairment and business restructuring charges.

Surface Technologies inbound orders for the third quarter were $398.1 million. Backlog was $495.0 million.

Energy Infrastructure

Energy Infrastructure third quarter revenue was $97.1 million, down 22 percent from the prior-year quarter primarily due to further activity decreases in our measurement solutions business.

Energy Infrastructure reported operating loss of $2.0 million compared to the prior year quarter profit of $5.1 million. The loss primarily resulted from reduced revenue and $1.7 million of additional business restructuring charges.

Energy Infrastructure inbound orders for the third quarter were $81.8 million and backlog was $172.8 million.

Corporate Items

Corporate expense in the third quarter was $14.7 million, a decrease of $1.4 million from the prior-year quarter. Other revenue and other expense, net, decreased $13.2 million from the prior-year quarter to $21.9 million of expense, primarily due to a $20.9 million charge related to an intercompany foreign currency transaction in 2014.

The Company ended the quarter with net debt of $583.2 million. Net interest expense was $8.1 million in the quarter.

The Company repurchased approximately 1.7 million shares of common stock at an average cost of $33.95 per share in the quarter.

Depreciation and amortization for the third quarter was $71.3 million and capital expenditures were $49.8 million.

The Company recorded an effective tax rate of 19.2 percent for the third quarter.

Summary and Outlook

FMC Technologies reported third quarter diluted earnings per share of $0.61, excluding impairment charges of $0.20 per diluted share and business restructuring charges of $0.06 per diluted share.

The Company recorded Subsea Technologies revenue of $1.1 billion with margins of 16.9 percent, excluding the business restructuring charges in the third quarter.

Total inbound orders of $1.5 billion in the third quarter included $1.0 billion in Subsea Technologies orders. The Company continues to expect at least $3 billion of Subsea Technologies awards in 2015.

The Company's backlog stands at $5.0 billion, including Subsea Technologies backlog of $4.3 billion.

FMC Technologies, Inc. (NYSE: FTI) is the global market leader in subsea systems and a leading provider of technologies and services to the oil and gas industry. We help our customers overcome their most difficult challenges, such as improving shale and subsea infrastructures and operations to reduce cost, maintain uptime, and maximize oil and gas recovery. Named by Forbes® Magazine as one of the World's Most Innovative Companies in 2013, the company has approximately 18,500 employees and operates 24 production facilities in 14 countries. Visit www.fmctechnologies.com or follow us on Twitter @FMC_Tech for more information.

This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The words such as "expected," "continue," "outlook," and similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. FMC Technologies cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Known material factors that could cause actual results to differ materially from those contemplated in the forward-looking statements include those set forth in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, as well as the following: demand for our systems and services, which is affected by changes in the price of, and demand for, crude oil and natural gas in domestic and international markets; potential liabilities arising out of the installation or use of our systems; U.S. and international laws and regulations, including environmental regulations, that may increase our costs, limit the demand for our products and services or restrict our operations; disruptions in the political, regulatory, economic and social conditions of the foreign countries in which we conduct business; fluctuations in currency markets worldwide; cost overruns that may affect profit realized on our fixed price contracts; disruptions in the timely delivery of our backlog and its effect on our future sales, profitability, and our relationships with our customers; the cumulative loss of major contracts or alliances; rising costs and availability of raw materials; a failure of our information technology infrastructure or any significant breach of security; our ability to develop and implement new technologies and services, as well as our ability to protect and maintain critical intellectual property assets; the outcome of uninsured claims and litigation against us; deterioration in future expected profitability or cash flows and its effect on our goodwill; continuing consolidation within our customers' industries and a downgrade in the ratings of our debt could restrict our ability to access the debt capital markets. FMC Technologies undertakes no obligation to publicly update or revise any of its forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.

FMC Technologies, Inc. will conduct its fourth quarter 2015 conference call at 9:00 a.m. ET on Wednesday, February 17, 2016. The event will be available at www.fmctechnologies.com. An archived audio replay will be available after the event at the same website address. In the event of a disruption of service or technical difficulty during the call, information will be posted at www.fmctechnologies.com/earnings.

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES


CONDENSED CONSOLIDATED STATEMENTS OF INCOME


(In millions except per share amounts, unaudited)

FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES


FMC TECHNOLOGIES, INC. AND CONSOLIDATED SUBSIDIARIES


CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS


(Unaudited and in millions)

[R-BgO]

FMC Technologies And Technip To Combine In $13 Billion Merger

On Thursday morning, Technip and FMC Technologies announced a merger that will combine the two oilfield service and equipment companies in an all-stock merger deal. Each company's shareholders will own close to 50 percent of the combined company when the deal closes in early 2017.

The new company resulting from the merger will be called TechnipFMC and have an equity value of $13 billion based on pre-announcement share prices.

This deal started with a joint venture, Forsys Subsea, a little over a year ago. That alliance now sets the stage for what will likely be a speedy integration.

The TechnipFMC merger will create a new generation of comprehensive solutions in subsea, surface and onshore/offshore product lines designed to lower the cost of producing a barrel of oil.

The merger will create a new industry titan, with more than 49,000 employees operating in over 45 countries. In 2015, the combined company generated revenue of approximately $20 billion and EBITDA of approximately $2.4 billion. As of March 31, 2016, the two companies together had consolidated backlog of approximately $20 billion.

Technip Chairman and CEO, Thierry Pilenko, will serve as Executive Chairman of TechnipFMC's Board of Directors. Doug Pferdehirt, currently FMC Technologies' President and COO, will serve as CEO of TechnipFMC. FMC Technologies announced on May 9, 2016 that Doug Pferdehirt will be appointed as CEO of FMC Technologies effective September 1, 2016.

TechnipFMC will have its operational headquarters in Paris, France, (where the Executive Chairman will have his principal office), in Houston, Texas, USA (where the CEO will have his principal office) and in London, United Kingdom (where the Forsys Subsea JV is headquartered and the new corporation will be domiciled).

The global Integrated Research and Development center will be located in France and is expected to grow as it drives innovation and technology throughout the new company.

[R-BgO]

Antwort auf Beitrag Nr.: 52.441.368 von R-BgO am 19.05.16 17:37:32

June 16, 2016
Execution of Business Combination Agreement

PARIS and HOUSTON, June 16, 2016 /PRNewswire/ -- Technip (Euronext: TEC) and FMC Technologies, Inc. (NYSE: FTI) today announced that the companies executed a Business Combination Agreement (BCA) on June 14, 2016 regarding their proposed merger announced on May 19, 2016. The execution of the BCA follows conclusion of the required work council consultation process in Europe.

"With the signing of the BCA, we have reached an important milestone paving the way to building a unique offering, driving change by redefining the production and transformation in the oil and gas industry," said Thierry Pilenko, Technip Chairman and Chief Executive Officer, who will serve as Executive Chairman of the combined company, TechnipFMC.

Doug Pferdehirt, President and Chief Operating Officer of FMC Technologies, who will serve as the CEO of TechnipFMC, added, "The combination of FMC Technologies and Technip is an exciting opportunity for both companies to shape the future of the oil and gas industry by accelerating technology innovation, integrating and improving project execution and reducing costs for customers. Having concluded the consultation process so quickly is a testament to the logic and strategic rationale of this merger."

The BCA is available on the U.S. Securities and Exchange Commission (SEC) website as an EDGAR filing and on the websites of Technip and FMC Technologies.

The transaction is expected to close in early 2017, subject to the approvals of Technip and FMC Technologies shareholders, regulatory approvals and consents, as well as other customary closing conditions.

The companies will combine in an all-stock merger transaction to create a global leader that will drive change by redefining the production and transformation of oil and gas. Each company's shareholders will own close to 50 percent of the combined company.

[R-BgO]

Antwort auf Beitrag Nr.: 52.639.529 von R-BgO am 17.06.16 14:21:19

es wird:

Technip, FMC secure last regulatory approval

French LNG-engineer Technip and Houston-based FMC Technologies said that TechnipFMC secured a visa from the French stock market regulator for its prospectus for the listing of shares on Euronext Paris regulated market.

According to a joint statement by the two companies, the prospectus was prepared as part of the admission to trading on Euronext Paris of all the ordinary shares of TechnipFMC that will be issued in connection with the completion of the combination between FMC Technologies and Technip.

The visa issued by the Autorité des Marchés Financiers (AMF) was the last remaining regulatory approval required in connection with the closing of the combination of the two companies.

The merger is now set to be completed after the close of business on Monday, January 16, which is the last day on which Technip shares will be traded on Euronext Paris. The last day of trading of the FMC Technologies shares on the NYSE would be January 13, 2017, the two companies said.

Prior to receiving the AMF visa, the merger was cleared by antitrust authorities in the United States, the European Union, India, Turkey, Mexico, Russia, and Brazil.

[R-BgO]

Antwort auf Beitrag Nr.: 54.098.960 von R-BgO am 17.01.17 09:21:04

Stücke wurden umgebucht

in die neue Gattung

Thread: TechnipFMC;


over-and-out