FMC FoodTech buoyed by freezing, cooking equipment

FMC FoodTech’s revenue in the first quarter of $126 million was $3 million above the first quarter of 2006 due mainly to stronger volumes of freezing and cooking equipment.

Operating profit of $9.0 million is up 27 percent from the prior-year quarter due mainly to volume and margin improvements in freezing and cooking systems and to lower costs in food processing.

Inbound orders totaled $156.1 million in the quarter, level with the prior-year quarter. Backlog was $198.5 million, up 21 percent from the prior-year quarter and up 18 percent sequentially.