Koil Energy Solutions Inc. (KLNG)

[UHCougar]

FMC released their earnings yesterday. Although their EPS fell short of expectations, the CEO made positive comments on the growth of their subsea division

"Subsea Technologies has achieved a record backlog of $6.5 billion as we inbounded $1.7 billion of awards in the third quarter," said John Gremp, Chairman and CEO of FMC Technologies. "Although Subsea Technologies has delivered four consecutive quarters of greater than $1 billion of revenue, our margins for the quarter were disappointing. We are addressing the isolated causes of our shortfall and expect margins to improve going forward.

Subsea Technologies third quarter revenue was $1.1 billion, up 20 percent from the prior-year quarter.

Subsea Technologies operating profit was up 10 percent from the prior-year quarter to $121.1 million as a result of volume growth.

Subsea Technologies inbound orders for the third quarter were $1.7 billion and backlog was $6.5 billion."

I'll be interested to see Dril-Quips earnings and comments on Nov. 1