HOUSTON, Oct. 19, 2015 /PRNewswire/ -- FMC
Technologies, Inc. (NYSE: FTI) today announced that its third
quarter 2015 results will include a pre-tax, non-cash charge of
$60.2 million primarily related to
the impairment of tangible and intangible assets and goodwill of
its Surface Technologies' Canadian operations. The impaired
Canadian assets are linked to the 2012 acquisition of Pure Energy
Services Ltd. and due to the prolonged decline in market
activity.
The Company's third quarter 2015 results will include a net
income charge of $45.4 million, or
$0.20 per diluted earnings per share,
for the impairment.
About FMC Technologies
FMC Technologies,
Inc. 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
http://www.fmctechnologies.com or follow us on Twitter @FMC_Tech
for more information.
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SOURCE FMC Technologies, Inc.