Revenue by geography
In 2015, FMC Technologies’ (FTI) US revenue share was marginally smaller than it was the year prior. In 2015, FTI’s US revenue decreased to 30% of its total revenues, compared with 31% in 2014. From 2011 to 2014, FTI’s US revenue share increased. In comparison, Nabors Industries’ (NBR) US revenue in 2015 was 47%.
FTI is 0.4% of the iShares MSCI KLD 400 Social ETF (DSI). The energy sector makes up 6.2% of DSI.
US rig count
In 2015, the US rig count fell by 62%, while the international rig count fell by only 17%. From March 31 to June 30, the US rig count declined further by 9%, while the international rig count decreased by 3%. The lower rig count is expected to drag down FTI’s revenues and earnings in fiscal 2Q16. Next, we’ll discuss FMC Technologies’ value drivers.