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FMC Technologies Inc (FTI)

FTI on New York Consolidated

25.37USD
26 Jul 2016
Change (% chg)

$0.13 (+0.52%)
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$25.24
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Latest Key Developments (Source: Significant Developments)

FMC Technologies Q2 earnings per share $0.01
Wednesday, 20 Jul 2016 04:15pm EDT 

FMC Technologies Inc : Qtrly backlog for company was $3.4 billion, including subsea technologies backlog of $2.9 billion . Fmc Technologies reports second quarter 2016 diluted earnings per share of $0.01; excluding charges, adjusted diluted earnings per share of $0.22 . Q2 adjusted earnings per share $0.22 excluding items . Q2 earnings per share $0.01 . Q2 revenue $1.2 billion versus i/b/e/s view $1.26 billion . Q2 earnings per share view $0.30 -- Thomson Reuters I/B/E/S . Qtrly total inbound orders were $537.9 million, including $334.1 million in subsea technologies orders ."further deterioration in north america led to a significant impact to our surface technologies earnings" in q2.  Full Article

FMC Technologies, Technip S.A enter merger agreement
Thursday, 16 Jun 2016 05:08pm EDT 

FMC Technologies : On June 14, co and Technip S.A entered into a definitive business combination agreement . Business combination agreement provides for merger of Technip with and into Topco ( 'Technip merger'), with Topco surviving merger . Following consummation of mergers, former Technip stockholders will own about 50.9 percent of Topco, former stockholders of co will own about 49.1 percent of Topco Source: (http://1.usa.gov/1UlUVhk ) Further company coverage: [FTI.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

FMC Tech says co may pay Technip a termination fee of $250 mln
Thursday, 19 May 2016 06:23am EDT 

Fmc Technologies : Under certain circumstances in connection with termination of mou, co to pay technip a termination fee of $250 million - sec filing . If mou terminated because technip board changes recommendation on proposed deal, technip to pay co termination fee of $250 million .Technip may terminate mou if it receives opinion of works council in opposition to proposed deals, provided it reimburses certain expenses of co, topco.  Full Article

FMC Technologies and Technip to combine to form TechnipFMC
Thursday, 19 May 2016 02:21am EDT 

Fmc Technologies Inc : Combined company, which will be called TechnipFMC, would have an equity value of $13 billion based on pre-announcement share prices . Technip shareholders to receive 2.0 shares of combined company for each share of Technip . Fmc technologies shareholders to receive 1.0 share of combined company for each share of FMC Technologies . TechnipFMC to be listed on New York and Paris stock exchanges . Deal expected to deliver at least $400 million in annual pretax cost synergies in 2019 . Deal significantly accretive to both companies' earnings per share . Each company's shareholders will own close to 50 percent of combined company . Cos entered mou and expect to execute business combination agreement to combine companies in an all-stock merger transaction . Combined company expects to achieve pretax cost synergies of approximately $200 million in 2018 . 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 . Technip and FMC Technologies "confident" in combined co's ability to fund both an annual cash dividend and share repurchase program .FMC Technologies and Technip to combine: driving change by redefining the production and transformation of oil and gas.  Full Article

FMC Technologies and Technip to combine in TechnipFMC
Thursday, 19 May 2016 02:00am EDT 

Technip : FMC Technologies and Technip to combine . Combined company will be called TechnipFMC . All-Stock transaction: Technip shareholders to receive 2.0 shares of combined company for each share of Technip . FMC Technologies shareholders to receive 1.0 share of combined company for each share of FMC Technologies . TechnipFMC to be listed on New York and Paris stock exchanges . Expected to deliver at least $400 million in annual pretax cost synergies in 2019 . Combined company would have an equity value of $13 billion based on pre-announcement share prices . Goldman Sachs and Rothschild are acting as financial advisors to Technip .Evercore and Société Générale are acting as financial advisors to FMC Technologies.  Full Article

FMC Technologies appoints Douglas Pferdehirt as CEO
Monday, 9 May 2016 04:19pm EDT 

FMC Technologies Inc : Says Douglas J. Pferdehirt will succeed John T. Gremp as CEO . Says Gremp will remain on board as chairman until he retires in may 2017 .FMC Technologies board appoints Douglas J. Pferdehirt next CEO; John T. Gremp to stay on as chairman.  Full Article

FMC Technologies wins contract from Shell Offshore
Tuesday, 22 Sep 2015 05:26pm EDT 

FMC Technologies Inc:Awarded contract for shell appomattox.Says has received an award from Shell Offshore, Inc. for its appomattox deepwater development in the Gulf of Mexico.  Full Article

FMC Technologies wins $160 mln Statoil contract
Thursday, 17 Sep 2015 08:00pm EDT 

Statoil ASA:Johan Sverdrup contract awarded to FMC Technologies.Contract involves establishment of a new and cost efficient standard for subsea equipment.Contract has an estimated value of 1.3 billion Norwegian crowns.Contract includes deliveries of 13 Subsea trees and well heads, in addition to three subsea templates and control systems.  Full Article

FMC Technologies, Inc secures contract for subsea production systems
Monday, 22 Jun 2015 04:05pm EDT 

FMC Technologies, Inc:Secures order from BP Exploration Ltd to supply subsea production systems for Well Clusters 3-5 of the Shah Deniz Stage 2 project in the Caspian Sea.  Full Article

Technip and FMC Technologies JV to be operational as of June 1
Tuesday, 2 Jun 2015 01:00am EDT 

Technip:FMC Technologies Inc and Technip complete Forsys Subsea.Parties closed transaction making Forsys Subsea, a 50/50 joint venture, operational on June 1.  Full Article

BRIEF-FMC Technologies Q2 earnings per share $0.01

* Qtrly backlog for company was $3.4 billion, including subsea technologies backlog of $2.9 billion