FMC Technologies’s order backlog
On June 30, 2016, FMC Technologies (FTI) had an order backlog of ~$3.4 billion compared to ~$5.3 billion a year ago. A company’s backlog estimates the sales value of unfilled, confirmed customer orders.
Revenues and backlog
From 2Q15 to 2Q16, FMC Technologies’s (FTI) total backlog decreased by 36%. In 2Q16, its revenue as a percentage of its backlog was 34%.
Next, we’ll look at FMC Technologies’s indebtedness.