What is Furmanite Retained Earnings?
Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Furmanite's retained earnings for the quarter that ended in Sep. 2015 was $41.6 Mil.
Furmanite's quarterly retained earnings
increased
from Mar. 2015 ($38.1 Mil) to Jun. 2015 ($41.5 Mil) and
increased
from Jun. 2015 ($41.5 Mil) to Sep. 2015 ($41.6 Mil).
Furmanite's annual retained earnings
increased
from Dec. 2012 ($12.4 Mil) to Dec. 2013 ($26.4 Mil) and
increased
from Dec. 2013 ($26.4 Mil) to Dec. 2014 ($37.8 Mil).
Furmanite Retained Earnings Calculation
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Furmanite (NYSE:FRM) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Furmanite (Furmanite) Business Description
Traded in Other Exchanges
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Address
Furmanite Corp was incorporated in Delaware on January 23, 1953. It provides specialized technical services. The Company together with its subsidiaries conducts business under two operating segments; Technical Services and Engineering & Project Solutions. Technical Services provides specialized technical services, including on-line, off-line and other services. On-line services include leak sealing, hot tapping, line stopping, line isolation, composite repair, valve testing and certain non-destructive testing and inspection services, while off-line services include on-site machining, heat treatment, bolting, valve repair and other non-destructive testing and inspection services. Other services include smart shim services, concrete repair, engineering services, valves and other products and manufacturing. These services and products are provided mainly to electric power generating plants, the petroleum industry, which includes refineries and off-shore drilling rigs, chemical plants and other process industries in the Americas, EMEA and Asia-Pacific through a wholly owned subsidiary of the Parent Company, Furmanite Worldwide, Inc. and its domestic and international subsidiaries and affiliates. The Engineering & Project Solutions operating segment, which includes Furmanite Technical Solutions, provides project planning, professional engineering, downstream non-destructive testing and inspection, construction management, mechanical integrity, field support, quality assurance and plant asset management services, as well as certain other inspection and project management services. Customers include refining and petrochemical operators as well as maintenance, and engineering and construction contractors servicing the downstream and midstream oil and gas markets, all of which are in the Americas. The Company currently operates over 30 offices in the United States. The Company competes against large and well established national and international companies as well as regional and local companies. It also competes with the in-house maintenance departments of customers or potential customers. Many aspects of the Company's operations are subject to governmental regulation.
Executives
| William Fry |
officer: General Counsel and Secretary |
10370 RICHMOND AVE, SUITE 600, HOUSTON TX 77042 |
| Kevin R Jost |
director |
10370 RICHMOND AVENUE, SUITE 600, HOUSTON TX 77042 |
| Jeffery Gerald Davis |
director, officer: Interim President & CEO |
PO BOX 336, BURTON TX 77835 |
| Sangwoo Ahn |
director |
10370 RICHMOND AVENUE SUITE 600, HOUSTON TX 77042 |
| John J Mannion |
officer: Treasurer |
1900 WEST LOOP SOUTH-SUITE 1500, HOUSTON TX 77027 |
| Miguel A. Desdin |
officer: Senior Vice President |
C/O FURMANITE CORPORATION, 2435 N CENTRAL EXPRESSWAY #700, RICHARDSON TX 75080 |
| Frank M Burke |
director |
2435 N CENTRAL EXPRESSWAY, STE 700, RICHARDSON TX 75080 |
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