FMC Technologies Executing as Best It Can, but Subsea Headwinds in 2017-18 Remain Fierce
FMC Technologies' third-quarter results were encouraging on a variety of fronts--orders of $692 million were up almost 30% sequentially (although this is just half of last year’s level) and cost-cutting led to its Subsea operating margin being 15.7% despite revenue continuing to decline. While the company is clearly doing everything it can to right-size its business in response to the collapse of oil and gas investment, we caution investors that the Subsea headwinds that still loom in 2017-18 re...TechnipFMC is global leader in oil and gas projects, technologies, systems, and services. Co. offers subsea, surface, onshore, and offshore solutions for oil and gas projects. Co. serves customers worldwide. With Co.'s technologies and production systems, integrated expertise, and comprehensive solutions, Co. is transforming Co.'s clients' project economics. Co. is uniquely positioned to deliver greater efficiency across project lifecycles from concept to project delivery and beyond. Through innovative technologies and improved efficiencies, Co.'s offering unlocks new possibilities for Co.'s clients in developing their oil and gas resources.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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