FMC reports first-quarter 2010 results

FMC Technologies, a provider of technology solutions for the energy industry, has reported first-quarter 2010 revenue from continuing operations of $1.1bn (£723m).

The company’s operating profit from continuing operations was $181m.

FMC also posted resulting diluted earnings per share from continuing operations of $0.80, compared with $0.56 in the same quarter in 2009.

Led by a higher operating margin in subsea systems, the company’s first-quarter operating profit in energy production systems increased 51 per cent from the first quarter of last year to $157.6m.